Delaware Business Now
The fuel cell maker, which operates a Newark plant, was the subject of a new
Wall Street Journal (subscription) story. Investment analysts also lowered stock price targets.
The latest story took an even-handed look at the company, highlighting its struggles and deals that included the sale of a of Bloom fuel cell arrays in New Castle County that feed electricity into the Delmarva Power grid.
How that piece of business and others came to be treated as revenue has long raised eyebrows. The business reporter forAxios examined similarissues last year.
Bloom’s presence in Delaware dates from the state’s painfully slow recovery from the recession of 2009.