FuelCell Energy (NASDAQ:FCEL) Trading Up 1.1%

FuelCell Energy, Inc. (NASDAQ:FCEL)’s share price shot up 1.1% during trading on Friday . The stock traded as high as $0.43 and last traded at $0.42. 3,581,847 shares traded hands during trading, a decline of 89% from the average session volume of 32,520,951 shares. The stock had previously closed at $0.42.

Analyst Upgrades and Downgrades

FCEL has been the subject of a number of analyst reports. UBS Group reduced their price target on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. B. Riley upgraded FuelCell Energy to a “hold” rating in a report on Tuesday, June 25th.

FuelCell Energy Price Performance

The company has a market capitalization of $205.08 million, a P/E ratio of -1.69 and a beta of 3.90. The stock’s fifty day simple moving average is $0.54 and its 200-day simple moving average is $0.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.55 and a quick ratio of 4.80.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Monday, June 10th. The energy company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. FuelCell Energy had a negative return on equity of 15.66% and a negative net margin of 123.30%. The firm had revenue of $22.42 million during the quarter, compared to the consensus estimate of $22.12 million. During the same quarter in the prior year, the company earned ($0.09) EPS. On average, equities analysts forecast that FuelCell Energy, Inc. will post -0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FuelCell Energy

Several large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of FuelCell Energy by 73.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 845,794 shares of the energy company’s stock valued at $1,260,000 after buying an additional 358,332 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in FuelCell Energy by 42.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 479,379 shares of the energy company’s stock valued at $571,000 after acquiring an additional 141,747 shares in the last quarter. Tidal Investments LLC lifted its position in shares of FuelCell Energy by 36.4% in the 1st quarter. Tidal Investments LLC now owns 627,893 shares of the energy company’s stock worth $747,000 after acquiring an additional 167,657 shares during the period. Atria Wealth Solutions Inc. grew its holdings in shares of FuelCell Energy by 15.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 113,371 shares of the energy company’s stock worth $181,000 after purchasing an additional 15,441 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of FuelCell Energy by 60.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,488,300 shares of the energy company’s stock valued at $2,381,000 after purchasing an additional 562,800 shares during the period. 42.78% of the stock is currently owned by institutional investors and hedge funds.

About FuelCell Energy

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.