XTX Topco Ltd Boosts Stock Position in Bloom Energy Corporation (NYSE:BE)

XTX Topco Ltd lifted its position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 822.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,077 shares of the company's stock after purchasing an additional 134,707 shares during the period. XTX Topco Ltd owned 0.07% of Bloom Energy worth $2,970,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Bloom Energy by 23.7% during the 1st quarter. CWM LLC now owns 3,360 shares of the company's stock worth $66,000 after buying an additional 644 shares during the period. Xponance Inc. boosted its holdings in shares of Bloom Energy by 6.4% during the 1st quarter. Xponance Inc. now owns 15,484 shares of the company's stock worth $304,000 after buying an additional 935 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Bloom Energy by 1.7% during the 4th quarter. Mackenzie Financial Corp now owns 63,372 shares of the company's stock worth $1,407,000 after buying an additional 1,035 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Bloom Energy by 47.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,373 shares of the company's stock valued at $66,000 after purchasing an additional 1,081 shares during the period. Finally, SeaBridge Investment Advisors LLC lifted its holdings in shares of Bloom Energy by 12.3% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 12,684 shares of the company's stock worth $249,000 after acquiring an additional 1,390 shares during the period. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Stock Performance

Shares of NYSE BE traded up $2.87 during midday trading on Wednesday, hitting $37.62. 16,333,725 shares of the company's stock traded hands, compared to its average volume of 9,824,592. Bloom Energy Corporation has a 1 year low of $9.02 and a 1 year high of $38.08. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of -752.25 and a beta of 3.22. The company has a debt-to-equity ratio of 2.07, a quick ratio of 2.39 and a current ratio of 3.44. The firm has a fifty day moving average of $23.41 and a 200 day moving average of $22.16.

Bloom Energy (NYSE:BE - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.10. Bloom Energy had a net margin of 0.29% and a return on equity of 2.51%. The company had revenue of $326.02 million during the quarter, compared to analyst estimates of $294.27 million. During the same period in the prior year, the firm posted ($0.17) EPS. The firm's quarterly revenue was up 38.5% compared to the same quarter last year. On average, analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BE shares. HSBC upgraded shares of Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a research report on Tuesday, April 8th. Morgan Stanley decreased their price objective on shares of Bloom Energy from $35.00 to $30.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Roth Capital lifted their target price on shares of Bloom Energy from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Mizuho lifted their price target on shares of Bloom Energy from $26.00 to $31.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, Roth Mkm decreased their target price on shares of Bloom Energy from $26.00 to $20.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.97.

Insiders Place Their Bets

In other news, CEO Kr Sridhar sold 42,383 shares of Bloom Energy stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $19.14, for a total transaction of $811,210.62. Following the completion of the sale, the chief executive officer directly owned 2,724,613 shares in the company, valued at approximately $52,149,092.82. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Satish Chitoori sold 2,038 shares of Bloom Energy stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $19.73, for a total value of $40,209.74. Following the sale, the insider owned 176,618 shares of the company's stock, valued at approximately $3,484,673.14. This trade represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,513 shares of company stock worth $1,261,765 over the last ninety days. 3.60% of the stock is owned by company insiders.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.