Advisors Asset Management Inc. Reduces Stock Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

Advisors Asset Management Inc. decreased its holdings in FuelCell Energy, Inc. (NASDAQ:FCELGet Rating) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,672 shares of the energy company’s stock after selling 3,020 shares during the quarter. Advisors Asset Management Inc.’s holdings in FuelCell Energy were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in FuelCell Energy by 40.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 916,894 shares of the energy company’s stock valued at $5,281,000 after buying an additional 266,052 shares during the period. QCM Cayman Ltd. lifted its position in FuelCell Energy by 160.9% during the first quarter. QCM Cayman Ltd. now owns 40,288 shares of the energy company’s stock valued at $232,000 after buying an additional 24,849 shares during the period. Ground Swell Capital LLC purchased a new position in FuelCell Energy during the first quarter valued at $65,000. OLD National Bancorp IN purchased a new position in FuelCell Energy during the second quarter valued at $45,000. Finally, Huntington National Bank lifted its position in FuelCell Energy by 2,000.0% during the first quarter. Huntington National Bank now owns 6,300 shares of the energy company’s stock valued at $36,000 after buying an additional 6,000 shares during the period. Hedge funds and other institutional investors own 42.87% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group began coverage on FuelCell Energy in a report on Wednesday, October 19th. They set a “hold” rating and a $3.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, FuelCell Energy has a consensus rating of “Hold” and a consensus price target of $4.67.

FuelCell Energy Price Performance

Shares of NASDAQ:FCEL opened at $3.57 on Monday. FuelCell Energy, Inc. has a 1-year low of $2.77 and a 1-year high of $10.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 7.20 and a quick ratio of 6.20. The business has a fifty day moving average price of $3.41 and a 200-day moving average price of $3.72. The company has a market capitalization of $1.45 billion, a PE ratio of -10.50 and a beta of 3.59.

FuelCell Energy (NASDAQ:FCELGet Rating) last issued its quarterly earnings results on Thursday, September 8th. The energy company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). FuelCell Energy had a negative net margin of 118.26% and a negative return on equity of 15.26%. The company had revenue of $43.10 million for the quarter, compared to the consensus estimate of $35.16 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. FuelCell Energy’s revenue was up 60.8% compared to the same quarter last year. As a group, equities analysts expect that FuelCell Energy, Inc. will post -0.35 EPS for the current fiscal year.

FuelCell Energy Profile

(Get Rating)

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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