Rhumbline Advisers Sells 800,514 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Rhumbline Advisers trimmed its position in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 96.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,427 shares of the energy company's stock after selling 800,514 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of FuelCell Energy worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased 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 valued at $28,000 after purchasing an additional 5,150 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of 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 period. Banque Cantonale Vaudoise grew its position 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 valued at $46,000 after buying an additional 36,120 shares during the last quarter. JPMorgan Chase & Co. raised its stake in FuelCell Energy by 35.8% during the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock worth $207,000 after acquiring an additional 143,786 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in FuelCell Energy by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company's stock worth $1,512,000 after acquiring an additional 216,539 shares during the last quarter. 42.78% of the stock is owned by institutional investors and hedge funds.

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FuelCell Energy Stock Performance

Shares of NASDAQ FCEL traded down $0.39 during midday trading on Thursday, reaching $6.46. 592,188 shares of the company traded hands, compared to its average volume of 1,296,866. The company has a market cap of $136.59 million, a price-to-earnings ratio of -0.82 and a beta of 3.71. The stock has a 50-day moving average price of $8.15 and a 200 day moving average price of $9.83. FuelCell Energy, Inc. has a 52 week low of $5.12 and a 52 week 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 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. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. The company had revenue of $19.00 million for the quarter, compared to analysts' expectations of $35.37 million. During the same period last year, the firm earned ($1.25) EPS. Sell-side analysts anticipate that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FCEL. TD Cowen increased their price target on FuelCell Energy from $2.00 to $12.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Wells Fargo & Company dropped their target price on FuelCell Energy from $30.00 to $5.00 and set an "underweight" rating on the stock in a research report on Wednesday, November 13th. B. Riley reduced their price target on shares of FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday. Jefferies Financial Group dropped their price objective 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, Canaccord Genuity Group reiterated a "hold" rating and issued a $12.00 price objective on shares of FuelCell Energy 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, the company currently has an average rating of "Hold" and a consensus 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.