Zurcher Kantonalbank Zurich Cantonalbank Sells 1,577,956 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 92.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,222 shares of the energy company's stock after selling 1,577,956 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.63% of FuelCell Energy worth $1,168,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FCEL. Integrated Wealth Concepts LLC increased its holdings in FuelCell Energy by 7.5% during the 3rd 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 in the last quarter. Banque Cantonale Vaudoise increased its holdings in 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 purchasing an additional 36,120 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in FuelCell Energy during the 3rd quarter valued at $90,000. JPMorgan Chase & Co. increased its holdings in FuelCell Energy by 35.8% during 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 in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in FuelCell Energy by 4.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company's stock valued at $208,000 after purchasing an additional 22,153 shares in the last quarter. Institutional investors own 42.78% of the company's stock.

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FuelCell Energy Trading Down 1.9 %

Shares of NASDAQ:FCEL traded down $0.10 during midday trading on Friday, hitting $5.14. The company had a trading volume of 1,305,355 shares, compared to its average volume of 1,313,021. FuelCell Energy, Inc. has a 12 month low of $5.02 and a 12 month high of $37.20. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20. The stock has a market cap of $108.68 million, a price-to-earnings ratio of -0.65 and a beta of 3.71. The firm has a fifty day simple moving average of $7.31 and a 200 day simple moving average of $9.51.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, topping 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 business had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. During the same period last year, the company earned ($1.25) EPS. On average, analysts predict that FuelCell Energy, Inc. will post -6.11 EPS for the current year.

Analyst Upgrades and Downgrades

FCEL has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price target on FuelCell Energy from $15.00 to $8.40 and set a "hold" rating for the company in a report on Friday, December 20th. B. Riley dropped 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 target price on FuelCell Energy from $2.00 to $12.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Canaccord Genuity Group reissued a "hold" rating and issued a $12.00 target price on shares of FuelCell Energy in a research note on Friday, December 20th. Finally, UBS Group lowered their target price on FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating for the company in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.03.

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.