Xponance Inc. Boosts Position in Bloom Energy Co. (NYSE:BE)

Xponance Inc. raised its holdings in shares of Bloom Energy Co. (NYSE:BE) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,549 shares of the company’s stock after acquiring an additional 1,607 shares during the period. Xponance Inc.’s holdings in Bloom Energy were worth $323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. SPX Gestao de Recursos Ltda purchased a new position in Bloom Energy during the fourth quarter valued at approximately $4,442,000. Duff & Phelps Investment Management Co. purchased a new position in shares of Bloom Energy during the 3rd quarter valued at approximately $517,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Bloom Energy by 184.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 404,204 shares of the company’s stock valued at $9,209,000 after purchasing an additional 262,247 shares during the period. Edgestream Partners L.P. purchased a new stake in Bloom Energy during the third quarter worth $3,274,000. Finally, Charles Schwab Investment Management Inc. grew its position in Bloom Energy by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company’s stock valued at $36,737,000 after buying an additional 10,265 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BE shares. TD Cowen upped their price objective on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, February 28th. BMO Capital Markets reiterated a “market perform” rating on shares of Bloom Energy in a research report on Friday, February 28th. Piper Sandler dropped their price objective on Bloom Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Roth Mkm began coverage on Bloom Energy in a research note on Wednesday, December 11th. They set a “neutral” rating and a $25.00 target price for the company. Finally, Susquehanna lifted their price target on shares of Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.06.

Insider Buying and Selling

In other news, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the sale, the insider now directly owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Satish Chitoori sold 1,020 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $25.09, for a total value of $25,591.80. Following the transaction, the insider now directly owns 178,656 shares in the company, valued at approximately $4,482,479.04. The trade was a 0.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.81% of the company’s stock.

Bloom Energy Trading Down 1.4 %

BE opened at $21.96 on Friday. The business’s 50 day moving average price is $24.08 and its 200 day moving average price is $19.63. 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 stock has a market capitalization of $5.06 billion, a PE ratio of -39.21 and a beta of 3.30. Bloom Energy Co. has a one year low of $9.02 and a one year high of $29.83.

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.