Geode Capital Management LLC Decreases Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

Geode Capital Management LLC decreased its position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 96.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,853 shares of the energy company's stock after selling 11,549,390 shares during the quarter. Geode Capital Management LLC owned 2.27% of FuelCell Energy worth $4,203,000 as of its most recent SEC filing.

Separately, JPMorgan Chase & Co. grew 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 buying an additional 143,786 shares during the period. Institutional investors and hedge funds own 42.78% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley lowered 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 note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating and five have assigned 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 $10.03.

FuelCell Energy Price Performance

Shares of FCEL stock traded up $0.05 on Tuesday, reaching $4.09. 571,619 shares of the company were exchanged, compared to its average volume of 1,315,249. FuelCell Energy, Inc. has a 1 year low of $3.67 and a 1 year high of $30.90. 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 business has a 50-day moving average price of $5.08 and a 200 day moving average price of $7.94. The company has a market cap of $86.48 million, a price-to-earnings ratio of -0.52 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, topping analysts' consensus estimates of ($1.52) by $0.10. The firm 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 period in the previous year, the company posted ($1.25) earnings per share. Equities research analysts forecast that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

About FuelCell Energy

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.