Alliancebernstein L.P. Sells 1,898,383 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Alliancebernstein L.P. trimmed its position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 97.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,467 shares of the energy company's stock after selling 1,898,383 shares during the period. Alliancebernstein L.P. owned about 0.21% of FuelCell Energy worth $393,000 as of its most recent SEC filing.

Separately, JPMorgan Chase & Co. raised its position in FuelCell Energy by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock valued at $207,000 after purchasing an additional 143,786 shares during the last quarter. 42.78% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Stock Performance

Shares of FCEL stock remained flat at $3.73 during midday trading on Wednesday. The company's stock had a trading volume of 874,730 shares, compared to its average volume of 1,324,434. The firm has a market cap of $78.87 million, a price-to-earnings ratio of -0.47 and a beta of 3.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. The company has a 50-day simple moving average of $5.40 and a 200 day simple moving average of $8.13. FuelCell Energy, Inc. has a 1 year low of $3.71 and a 1 year high of $30.90.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.52) by $0.10. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. The business had revenue of $19.00 million during the quarter, compared to the consensus estimate of $35.37 million. During the same quarter in the prior year, the company earned ($1.25) earnings per share. As a group, equities analysts expect that FuelCell Energy, Inc. will post -6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley reduced their target price on FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.03.

FuelCell Energy Company Profile

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.