Aquatic Capital Management LLC Sells 334,215 Shares of Bloom Energy Corporation $BE

Aquatic Capital Management LLC trimmed its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 83.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,397 shares of the company’s stock after selling 334,215 shares during the period. Aquatic Capital Management LLC’s holdings in Bloom Energy were worth $5,615,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Fifth Third Bancorp acquired a new stake in shares of Bloom Energy in the 3rd quarter valued at approximately $32,000. N.E.W. Advisory Services LLC bought a new position in shares of Bloom Energy in the third quarter valued at $32,000. Parkside Financial Bank & Trust increased its holdings in Bloom Energy by 250.9% during the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after buying an additional 281 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new position in Bloom Energy during the third quarter worth $39,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Bloom Energy during the third quarter worth $42,000. Institutional investors own 77.04% of the company’s stock.

Insiders Place Their Bets

In other Bloom Energy news, insider Aman Joshi sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $175.60, for a total value of $1,756,000.00. Following the transaction, the insider directly owned 210,465 shares of the company’s stock, valued at $36,957,654. This represents a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary S. Pinkus sold 1,250 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $165.80, for a total value of $207,250.00. Following the transaction, the director owned 4,149 shares in the company, valued at $687,904.20. The trade was a 23.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 265,093 shares of company stock worth $45,255,639 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

Bloom Energy Stock Performance

Shares of BE stock opened at $153.70 on Tuesday. Bloom Energy Corporation has a 52 week low of $15.15 and a 52 week high of $180.90. The company has a market capitalization of $43.12 billion, a price-to-earnings ratio of -404.48, a PEG ratio of 6.31 and a beta of 3.11. The company has a 50-day simple moving average of $148.81 and a 200 day simple moving average of $114.02. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The firm had revenue of $777.68 million for the quarter, compared to analysts’ expectations of $647.59 million. During the same period in the prior year, the firm earned $0.43 EPS. The business’s revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, sell-side analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

BE has been the subject of a number of analyst reports. Robert W. Baird set a $172.00 price objective on shares of Bloom Energy in a research report on Tuesday, January 27th. Wall Street Zen cut shares of Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Roth Mkm raised their target price on shares of Bloom Energy to $133.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their price target on Bloom Energy to $166.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Bloom Energy presently has an average rating of “Hold” and an average price target of $131.87.

Bloom Energy Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.