XTX Topco Ltd Invests $364,000 in Bloom Energy Co. (NYSE:BE)

XTX Topco Ltd acquired a new stake in Bloom Energy Co. (NYSE:BE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,370 shares of the company's stock, valued at approximately $364,000.

A number of other institutional investors have also made changes to their positions in BE. Vanguard Group Inc. increased its position in Bloom Energy by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 19,234,329 shares of the company's stock worth $427,194,000 after buying an additional 356,317 shares during the period. Norges Bank bought a new position in Bloom Energy in the 4th quarter worth approximately $93,951,000. Legal & General Group Plc increased its position in Bloom Energy by 7.3% in the 4th quarter. Legal & General Group Plc now owns 2,133,318 shares of the company's stock worth $47,381,000 after buying an additional 144,616 shares during the period. Charles Schwab Investment Management Inc. increased its position in Bloom Energy by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock worth $36,737,000 after buying an additional 10,265 shares during the period. Finally, Elemental Capital Partners LLC bought a new position in Bloom Energy in the 4th quarter worth approximately $33,612,000. 77.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the sale, the insider now owns 178,656 shares in the company, valued at $4,482,479.04. The trade was a 0.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.81% of the company's stock.

Bloom Energy Price Performance

Bloom Energy stock traded up $0.30 on Monday, reaching $19.23. The company's stock had a trading volume of 4,633,852 shares, compared to its average volume of 6,725,894. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The company has a market cap of $4.43 billion, a price-to-earnings ratio of -34.34 and a beta of 3.27. The business's fifty day moving average price is $20.96 and its 200 day moving average price is $20.99. Bloom Energy Co. has a twelve month low of $9.02 and a twelve month high of $29.83.

Analyst Ratings Changes

Several research analysts have commented on BE shares. HSBC raised Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a research report on Tuesday, April 8th. Susquehanna dropped their price target on Bloom Energy from $33.00 to $26.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Morgan Stanley boosted their price objective on Bloom Energy from $28.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Robert W. Baird lowered their price objective on Bloom Energy from $32.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Piper Sandler lowered their price objective on Bloom Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.97.

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.