18,800 Shares in FuelCell Energy, Inc. (NASDAQ:FCEL) Bought by Aristides Capital LLC

Aristides Capital LLC bought a new position in FuelCell Energy, Inc. (NASDAQ:FCEL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,800 shares of the energy company’s stock, valued at approximately $170,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. ExodusPoint Capital Management LP bought a new position in shares of FuelCell Energy in the fourth quarter worth about $112,000. Integrated Wealth Concepts LLC grew its stake 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 bought a new stake in FuelCell Energy in the 3rd quarter valued at $90,000. JPMorgan Chase & Co. grew its position in FuelCell Energy by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company’s stock worth $207,000 after purchasing an additional 143,786 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings 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 worth $208,000 after purchasing an additional 22,153 shares during the period. Institutional investors and hedge funds own 42.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FCEL shares. Jefferies Financial Group lowered their price target on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research note on Friday, December 20th. B. Riley dropped their price objective on shares of FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. TD Cowen raised their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Finally, 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. Two investment 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 an average target price of $10.03.

FuelCell Energy Price Performance

NASDAQ:FCEL opened at $4.39 on Tuesday. FuelCell Energy, Inc. has a 12 month low of $4.02 and a 12 month high of $37.20. The company’s 50-day moving average price is $6.32 and its two-hundred day moving average price is $8.79. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. The firm has a market cap of $92.82 million, a PE ratio of -0.55 and a beta of 3.95.

FuelCell Energy (NASDAQ:FCEL) 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. The firm had revenue of $19.00 million during the quarter, compared to analysts’ expectations of $35.37 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same period last year, the firm posted ($1.25) EPS. On average, equities analysts anticipate that FuelCell Energy, Inc. will post -6.11 EPS for the current fiscal year.

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.