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

XTX Topco Ltd purchased a new stake in Bloom Energy Co. (NYSE:BE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,370 shares of the company's stock, valued at approximately $364,000.

A number of other large investors also recently bought and sold shares of BE. GAMMA Investing LLC lifted its stake in shares of Bloom Energy by 26.8% in the 4th quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock valued at $60,000 after purchasing an additional 569 shares during the last quarter. Arizona State Retirement System lifted its position in Bloom Energy by 1.3% in the fourth quarter. Arizona State Retirement System now owns 59,592 shares of the company's stock valued at $1,324,000 after buying an additional 759 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Bloom Energy by 120.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock worth $33,000 after buying an additional 812 shares during the period. Smartleaf Asset Management LLC boosted its stake in Bloom Energy by 291.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after buying an additional 934 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Bloom Energy by 2.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,400 shares of the company's stock valued at $1,053,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 77.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Bank of America decreased their target price on Bloom Energy from $20.00 to $18.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada set a $26.00 price target on shares of Bloom Energy in a research note on Monday, April 14th. Redburn Atlantic lowered shares of Bloom Energy from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $14.50 to $10.00 in a research note on Wednesday, April 9th. Finally, Hsbc Global Res raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.97.

Insider Activity

In other news, insider Satish Chitoori sold 1,020 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the transaction, the insider now directly owns 178,656 shares in the company, valued at $4,482,479.04. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.81% of the company's stock.

Bloom Energy Stock Performance

Shares of NYSE BE traded up $0.81 during trading hours on Friday, reaching $18.95. The stock had a trading volume of 5,912,165 shares, compared to its average volume of 6,752,699. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. Bloom Energy Co. has a fifty-two week low of $9.02 and a fifty-two week high of $29.83. The firm has a 50-day moving average of $21.25 and a 200-day moving average of $20.73. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of -33.84 and a beta of 3.27.

Bloom Energy Profile

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.