Atria Wealth Solutions Inc. Has $159,000 Stake in FuelCell Energy, Inc. (NASDAQ:FCEL)

Atria Wealth Solutions Inc. lowered its position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 94.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,568 shares of the energy company's stock after selling 323,607 shares during the period. Atria Wealth Solutions Inc. owned 0.09% of FuelCell Energy worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its position in shares of FuelCell Energy by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company's stock valued at $28,000 after acquiring an additional 5,150 shares during the period. Banque Cantonale Vaudoise lifted its holdings in shares of FuelCell Energy by 42.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company's stock worth $46,000 after acquiring an additional 36,120 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of FuelCell Energy during the 3rd quarter worth approximately $90,000. JPMorgan Chase & Co. raised its position in FuelCell Energy by 35.8% during the third 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 in the last quarter. Finally, Rockefeller Capital Management L.P. lifted 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 worth $208,000 after purchasing an additional 22,153 shares during the last quarter. 42.78% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

FCEL has been the subject of several recent analyst reports. UBS Group dropped their price objective on FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating for the company in a research report on Tuesday, December 3rd. Jefferies Financial Group dropped their price objective on shares of FuelCell Energy from $15.00 to $8.40 and set a "hold" rating for the company in a research note on Friday, December 20th. TD Cowen boosted their target price on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. Wells Fargo & Company lowered their price target on shares of FuelCell Energy from $30.00 to $5.00 and set an "underweight" rating for the company in a report on Wednesday, November 13th. Finally, StockNews.com began coverage on FuelCell Energy in a report on Tuesday, November 12th. They set a "sell" rating on the stock. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, FuelCell Energy presently has a consensus rating of "Hold" and an average target price of $10.23.

FuelCell Energy Trading Down 0.1 %

NASDAQ:FCEL traded down $0.01 during trading hours on Thursday, hitting $6.11. 363,690 shares of the company were exchanged, compared to its average volume of 1,289,597. The stock has a market capitalization of $129.08 million, a price-to-earnings ratio of -0.78 and a beta of 3.71. FuelCell Energy, Inc. has a one year low of $5.12 and a one year high of $37.50. The company has a fifty day simple moving average of $8.55 and a 200 day simple moving average of $10.11. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20.

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.