Zurcher Kantonalbank Zurich Cantonalbank Decreases Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 92.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 129,222 shares of the energy company's stock after selling 1,577,956 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.63% of FuelCell Energy worth $1,168,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its position in shares of 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 acquiring an additional 5,150 shares during the period. Banque Cantonale Vaudoise lifted 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 acquiring an additional 36,120 shares during the period. Point72 DIFC Ltd acquired a new position in shares of FuelCell Energy during the 3rd quarter valued at $90,000. JPMorgan Chase & Co. lifted its position in shares of 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 acquiring an additional 143,786 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of 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 acquiring an additional 22,153 shares during the period. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Stock Down 1.9 %

Shares of FCEL traded down $0.10 during trading hours on Friday, reaching $5.14. 1,305,355 shares of the stock traded hands, compared to its average volume of 1,313,021. 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 fifty day simple moving average of $7.31 and a 200 day simple moving average of $9.51. FuelCell Energy, Inc. has a 52 week low of $5.02 and a 52 week high of $37.20. The company has a market cap of $108.68 million, a price-to-earnings ratio of -0.65 and a beta of 3.71.

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 for the quarter, beating analysts' consensus estimates of ($1.52) by $0.10. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The company had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. During the same period last year, the firm earned ($1.25) earnings per share. On average, equities analysts forecast that FuelCell Energy, Inc. will post -6.11 EPS for the current year.

Wall Street Analysts Forecast Growth

FCEL has been the topic of a number of research reports. B. Riley dropped 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 report on Wednesday, March 12th. Jefferies Financial Group lowered 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. UBS Group dropped their price objective on shares of FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating on the stock in a research note on Tuesday, December 3rd. TD Cowen raised their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and issued a $12.00 price objective on shares of FuelCell Energy in a research note 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 company's stock. According to MarketBeat, FuelCell Energy presently has a consensus rating of "Hold" and a consensus price target 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.