FuelCell Energy, Inc. (NASDAQ:FCEL) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 98.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,400 shares of the energy company's stock after selling 1,255,456 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.07% of FuelCell Energy worth $121,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FCEL. Geode Capital Management LLC grew its stake in FuelCell Energy by 13.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company's stock valued at $4,567,000 after purchasing an additional 1,466,442 shares during the last quarter. Point72 DIFC Ltd purchased a new position in FuelCell Energy during the 3rd quarter worth approximately $90,000. Charles Schwab Investment Management Inc. lifted its stake in FuelCell Energy by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company's stock valued at $1,512,000 after acquiring an additional 216,539 shares during the period. JPMorgan Chase & Co. grew its holdings 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, Rockefeller Capital Management L.P. increased its holdings in FuelCell Energy by 4.2% in the third 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 in the last quarter. 42.78% of the stock is owned by hedge funds and other institutional investors.

FuelCell Energy Trading Up 2.4 %

FCEL stock traded up $0.11 during midday trading on Wednesday, hitting $4.70. 259,580 shares of the company's stock were exchanged, compared to its average volume of 1,316,793. FuelCell Energy, Inc. has a 1-year low of $4.36 and a 1-year high of $37.20. The business has a 50-day simple moving average of $6.63 and a two-hundred day simple moving average of $9.07. The stock has a market capitalization of $99.38 million, a PE ratio of -0.59 and a beta of 3.71. 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 (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings results 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 business 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 in the previous year, the firm earned ($1.25) EPS. On average, sell-side analysts predict that FuelCell Energy, Inc. will post -6.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Canaccord Genuity Group reaffirmed a "hold" rating and set a $12.00 price objective on shares of FuelCell Energy in a report on Friday, December 20th. TD Cowen boosted their price objective on FuelCell Energy from $2.00 to $12.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. B. Riley decreased their target price on FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. UBS Group dropped their price target 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. Finally, Jefferies Financial Group decreased their price objective on FuelCell Energy from $15.00 to $8.40 and set a "hold" rating on the stock in a report 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.