New York State Common Retirement Fund Trims Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

New York State Common Retirement Fund reduced its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 96.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,151 shares of the energy company's stock after selling 120,385 shares during the period. New York State Common Retirement Fund's holdings in FuelCell Energy were worth $37,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FCEL. Integrated Wealth Concepts LLC lifted its holdings in shares of FuelCell Energy by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company's stock worth $28,000 after acquiring an additional 5,150 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in FuelCell Energy by 42.0% in the third quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company's stock worth $46,000 after purchasing an additional 36,120 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in FuelCell Energy during the third quarter valued at about $90,000. JPMorgan Chase & Co. increased its holdings in shares of FuelCell Energy by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock worth $207,000 after buying an additional 143,786 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of 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 worth $208,000 after buying an additional 22,153 shares during the period. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

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FuelCell Energy Trading Down 3.9 %

Shares of NASDAQ FCEL traded down $0.26 during midday trading on Monday, hitting $6.33. 808,824 shares of the company traded hands, compared to its average volume of 967,802. FuelCell Energy, Inc. has a 12-month low of $5.12 and a 12-month high of $37.20. The firm has a market cap of $133.84 million, a P/E ratio of -0.80 and a beta of 3.71. The stock has a 50-day moving average price of $8.30 and a 200 day moving average price of $9.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FCEL. TD Cowen lifted their price target on 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 price target on shares of FuelCell Energy in a report on Friday, December 20th. Wells Fargo & Company decreased their price objective on shares of FuelCell Energy from $30.00 to $5.00 and set an "underweight" rating on the stock in a research report on Wednesday, November 13th. StockNews.com began coverage on shares of FuelCell Energy in a report on Tuesday, November 12th. They set a "sell" rating for the company. Finally, 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. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.23.

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.