Amundi Has $149,000 Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

Amundi decreased its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 97.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,433 shares of the energy company's stock after selling 582,800 shares during the quarter. Amundi owned about 0.08% of FuelCell Energy worth $149,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in FuelCell Energy by 35.8% in 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 period. Geode Capital Management LLC lifted its stake in shares of FuelCell Energy by 13.9% in the third quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company's stock valued at $4,567,000 after buying an additional 1,466,442 shares during the period. Point72 DIFC Ltd bought a new stake in shares of FuelCell Energy in the third quarter valued at about $90,000. Integrated Wealth Concepts LLC grew its position in FuelCell Energy by 7.5% during the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company's stock worth $28,000 after buying an additional 5,150 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in FuelCell Energy by 4.2% during the third quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company's stock valued at $208,000 after acquiring an additional 22,153 shares during the period. Institutional investors and hedge funds own 42.78% of the company's stock.

FuelCell Energy Trading Down 2.0 %

FCEL traded down $0.10 during mid-day trading on Tuesday, hitting $4.84. The stock had a trading volume of 684,282 shares, compared to its average volume of 1,311,985. The stock's fifty day simple moving average is $7.21 and its 200-day simple moving average is $9.44. The firm has a market capitalization of $102.34 million, a price-to-earnings ratio of -0.61 and a beta of 3.71. FuelCell Energy, Inc. has a 1-year low of $4.89 and a 1-year high of $37.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Jefferies Financial Group reduced their price objective on FuelCell Energy from $15.00 to $8.40 and set a "hold" rating for the company in a research report on Friday, December 20th. B. Riley reduced their target price on FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Canaccord Genuity Group reiterated a "hold" rating and set a $12.00 target price on shares of FuelCell Energy in a research report on Friday, December 20th. TD Cowen upped their price target on FuelCell Energy from $2.00 to $12.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Finally, UBS Group lowered their target price on shares of FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating on the stock in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average 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.