Amundi Sells 582,800 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Amundi lowered its stake in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 97.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,433 shares of the energy company's stock after selling 582,800 shares during the period. Amundi owned approximately 0.08% of FuelCell Energy worth $149,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake 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 buying an additional 143,786 shares during the last quarter. Geode Capital Management LLC grew its stake in FuelCell Energy by 13.9% in the 3rd 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 last quarter. Point72 DIFC Ltd acquired a new position in FuelCell Energy in the 3rd quarter valued at about $90,000. Integrated Wealth Concepts LLC grew its stake in FuelCell Energy by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company's stock valued at $28,000 after buying an additional 5,150 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in FuelCell Energy by 4.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company's stock valued at $208,000 after buying an additional 22,153 shares during the last quarter. Institutional investors and hedge funds own 42.78% of the company's stock.

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Wall Street Analysts Forecast Growth

FCEL has been the topic of a number of analyst reports. Jefferies Financial Group decreased their target price on shares of FuelCell Energy from $15.00 to $8.40 and set a "hold" rating on the stock in a research report on Friday, December 20th. B. Riley decreased their target price on shares of FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Canaccord Genuity Group restated a "hold" rating and set a $12.00 target price on shares of FuelCell Energy in a research report on Friday, December 20th. UBS Group decreased their target price on shares of FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating on the stock in a research report on Tuesday, December 3rd. Finally, TD Cowen increased their target price on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, FuelCell Energy presently has an average rating of "Hold" and an average target price of $10.03.

FuelCell Energy Price Performance

Shares of FuelCell Energy stock traded down $0.10 on Friday, reaching $5.14. 1,305,355 shares of the stock were exchanged, compared to its average volume of 1,308,763. The firm's 50 day moving average is $7.31 and its 200-day moving average is $9.51. FuelCell Energy, Inc. has a one year low of $5.02 and a one year high of $37.20. 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 firm has a market cap of $108.68 million, a PE ratio of -0.65 and a beta of 3.71.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share for the quarter, topping analysts' consensus estimates of ($1.52) by $0.10. The company had revenue of $19.00 million during the quarter, compared to the consensus estimate 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 firm posted ($1.25) EPS. As a group, analysts anticipate that FuelCell Energy, Inc. will post -6.11 EPS for the current fiscal year.

FuelCell Energy 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.