Mirae Asset Global Investments Co. Ltd. Acquires 266,052 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in FuelCell Energy, Inc. (NASDAQ:FCELGet Rating) by 40.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 916,894 shares of the energy company’s stock after purchasing an additional 266,052 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in FuelCell Energy were worth $5,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toroso Investments LLC boosted its position in shares of FuelCell Energy by 69.4% during the 1st quarter. Toroso Investments LLC now owns 288,562 shares of the energy company’s stock valued at $1,662,000 after acquiring an additional 118,221 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of FuelCell Energy by 513.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 805,976 shares of the energy company’s stock valued at $4,642,000 after acquiring an additional 674,506 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of FuelCell Energy by 58.9% during the 1st quarter. Advisors Asset Management Inc. now owns 64,692 shares of the energy company’s stock valued at $373,000 after acquiring an additional 23,975 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of FuelCell Energy during the 1st quarter valued at approximately $1,651,000. Finally, State Street Corp boosted its position in shares of FuelCell Energy by 3.3% during the 1st quarter. State Street Corp now owns 9,123,184 shares of the energy company’s stock valued at $52,550,000 after acquiring an additional 292,547 shares during the last quarter. 42.87% of the stock is currently owned by institutional investors.

FuelCell Energy Stock Down 5.3 %

Shares of FCEL opened at $3.72 on Friday. The company has a market cap of $1.51 billion, a PE ratio of -10.94 and a beta of 3.86. The business has a fifty day moving average of $4.05 and a 200 day moving average of $4.42. FuelCell Energy, Inc. has a 52-week low of $2.87 and a 52-week high of $11.63. The company has a quick ratio of 6.20, a current ratio of 7.20 and a debt-to-equity ratio of 0.12.

FuelCell Energy (NASDAQ:FCELGet Rating) last issued its quarterly earnings results on Thursday, September 8th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $43.10 million during the quarter, compared to the consensus estimate of $35.16 million. FuelCell Energy had a negative return on equity of 15.26% and a negative net margin of 118.26%. The firm’s quarterly revenue was up 60.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. On average, sell-side analysts expect that FuelCell Energy, Inc. will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FCEL shares. Craig Hallum lowered their target price on FuelCell Energy from $6.00 to $3.00 and set a “hold” rating for the company in a research report on Friday, June 10th. KeyCorp restated a “sector weight” rating on shares of FuelCell Energy in a research report on Thursday, June 2nd. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, FuelCell Energy presently has a consensus rating of “Hold” and a consensus price target of $5.00.

FuelCell Energy Profile

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FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications.

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Institutional Ownership by Quarter for FuelCell Energy (NASDAQ:FCEL)

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