Charles Schwab Investment Management Inc. Sells 3,810,517 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Charles Schwab Investment Management Inc. lessened its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 95.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 167,318 shares of the energy company's stock after selling 3,810,517 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.82% of FuelCell Energy worth $1,513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake 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 during the period. Rockefeller Capital Management L.P. boosted its stake in shares of FuelCell Energy by 4.2% during the 3rd 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 period. JPMorgan Chase & Co. grew its holdings 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. Point72 DIFC Ltd bought a new position in FuelCell Energy during the 3rd quarter valued at about $90,000. Finally, Geode Capital Management LLC lifted its stake in 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 worth $4,567,000 after purchasing an additional 1,466,442 shares during the last quarter. Hedge funds and other institutional investors own 42.78% of the company's stock.

FuelCell Energy Stock Up 0.7 %

NASDAQ:FCEL traded up $0.03 during mid-day trading on Wednesday, reaching $4.62. The company's stock had a trading volume of 536,523 shares, compared to its average volume of 1,322,130. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $97.69 million, a PE ratio of -0.58 and a beta of 3.71. The stock has a fifty day moving average of $6.55 and a 200-day moving average of $9.04. FuelCell Energy, Inc. has a 1 year low of $4.36 and a 1 year high of $37.20.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.52) by $0.10. The firm had revenue of $19.00 million for 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 period last year, the firm earned ($1.25) earnings per share. Equities research analysts forecast that FuelCell Energy, Inc. will post -6.11 earnings per share for the current year.

Analyst Ratings Changes

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