Mirae Asset Global Investments Co. Ltd. Raises Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,510,550 shares of the energy company’s stock after buying an additional 400,228 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.56% of FuelCell Energy worth $4,017,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Arizona State Retirement System boosted its position in shares of FuelCell Energy by 8.8% during the 4th quarter. Arizona State Retirement System now owns 125,970 shares of the energy company’s stock worth $202,000 after purchasing an additional 10,152 shares in the last quarter. Fermata Advisors LLC lifted its stake in shares of FuelCell Energy by 355.5% in the fourth quarter. Fermata Advisors LLC now owns 53,387 shares of the energy company’s stock valued at $85,000 after purchasing an additional 41,667 shares during the period. Vanguard Group Inc. boosted its holdings in FuelCell Energy by 7.5% during the third quarter. Vanguard Group Inc. now owns 40,976,982 shares of the energy company’s stock worth $52,451,000 after buying an additional 2,873,655 shares in the last quarter. American Century Companies Inc. grew its position in FuelCell Energy by 28.3% during the third quarter. American Century Companies Inc. now owns 281,689 shares of the energy company’s stock worth $361,000 after buying an additional 62,151 shares during the period. Finally, Deutsche Bank AG grew its position in FuelCell Energy by 40.2% during the third quarter. Deutsche Bank AG now owns 279,761 shares of the energy company’s stock worth $358,000 after buying an additional 80,262 shares during the period. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Price Performance

FCEL stock opened at $1.00 on Wednesday. The firm has a 50 day moving average of $1.18 and a 200-day moving average of $1.25. The company has a market cap of $451.86 million, a price-to-earnings ratio of -3.70 and a beta of 3.76. The company has a current ratio of 8.26, a quick ratio of 6.35 and a debt-to-equity ratio of 0.17. FuelCell Energy, Inc. has a 12-month low of $0.98 and a 12-month high of $2.94.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Thursday, March 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $16.69 million during the quarter, compared to analysts’ expectations of $25.74 million. FuelCell Energy had a negative return on equity of 15.89% and a negative net margin of 105.56%. FuelCell Energy’s revenue was down 55.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. As a group, equities analysts expect that FuelCell Energy, Inc. will post -0.28 EPS for the current fiscal year.

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.