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

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 98.9% during the fourth quarter, Holdings Channel reports. The institutional investor 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’s holdings in FuelCell Energy were worth $121,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FCEL. Integrated Wealth Concepts LLC raised its holdings in shares of FuelCell Energy by 7.5% in the third 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. Point72 DIFC Ltd purchased a new stake in FuelCell Energy in the third quarter valued at approximately $90,000. JPMorgan Chase & Co. increased its stake 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 last quarter. Rockefeller Capital Management L.P. raised its stake in shares of FuelCell Energy by 4.2% in 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. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of FuelCell Energy by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company’s stock worth $1,512,000 after purchasing an additional 216,539 shares in the last quarter. 42.78% of the stock is owned by hedge funds and other institutional investors.

FuelCell Energy Stock Down 4.5 %

FCEL stock opened at $4.70 on Friday. The business’s 50-day simple moving average is $6.82 and its 200 day simple moving average is $9.26. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. FuelCell Energy, Inc. has a twelve month low of $4.65 and a twelve month high of $37.20. The company has a market cap of $99.38 million, a PE ratio of -0.59 and a beta of 3.71.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data 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. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. The company had revenue of $19.00 million during the quarter, compared to analysts’ expectations of $35.37 million. During the same period last year, the business earned ($1.25) earnings per share. On average, research analysts anticipate that FuelCell Energy, Inc. will post -6.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FCEL. B. Riley dropped their target price on shares of FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. UBS Group lowered their price target on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a research report on Tuesday, December 3rd. Canaccord Genuity Group reiterated a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a research report on Friday, December 20th. 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 research note on Friday, December 20th. Finally, TD Cowen boosted their price target on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, FuelCell Energy currently has an average rating of “Hold” and a consensus price target of $10.03.

FuelCell Energy 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.