Federated Hermes Inc. Acquires New Shares in FuelCell Energy, Inc. (NASDAQ:FCEL)

Federated Hermes Inc. bought a new position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 150,165 shares of the energy company's stock, valued at approximately $1,357,000. Federated Hermes Inc. owned approximately 0.73% of FuelCell Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of FCEL. ExodusPoint Capital Management LP purchased a new position in FuelCell Energy in the fourth quarter valued at about $112,000. Aristides Capital LLC acquired a new position in FuelCell Energy in the fourth quarter worth approximately $170,000. 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. Charles Schwab Investment Management Inc. raised its position in shares of FuelCell Energy by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company's stock valued at $1,512,000 after buying an additional 216,539 shares during the last quarter. Finally, 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. 42.78% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Trading Down 0.3 %

FCEL stock traded down $0.01 during trading on Friday, hitting $3.89. The company had a trading volume of 401,531 shares, compared to its average volume of 1,330,957. The firm has a 50-day moving average price of $5.55 and a 200-day moving average price of $8.25. FuelCell Energy, Inc. has a 12 month low of $3.72 and a 12 month high of $30.90. 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 stock has a market cap of $82.25 million, a price-to-earnings ratio of -0.49 and a beta of 3.95.

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 (EPS) for the quarter, beating the consensus estimate of ($1.52) by $0.10. The business had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same quarter in the prior year, the firm posted ($1.25) earnings per share. As a group, analysts predict that FuelCell Energy, Inc. will post -6.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on FCEL shares. B. Riley cut their price target on FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. TD Cowen lifted their price target 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. 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. Finally, Jefferies Financial Group cut their price target 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. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, FuelCell Energy currently has an average rating of "Hold" and an average target price of $10.03.

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.