Calamos Wealth Management LLC Has $32,000 Stake in FuelCell Energy, Inc. (NASDAQ:FCEL)

Calamos Wealth Management LLC trimmed its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL) by 77.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the energy company’s stock after selling 70,000 shares during the period. Calamos Wealth Management LLC’s holdings in FuelCell Energy were worth $32,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in shares of FuelCell Energy during the fourth quarter worth approximately $9,584,000. Legal & General Group Plc increased its stake in FuelCell Energy by 89.0% during the 2nd quarter. Legal & General Group Plc now owns 6,288,884 shares of the energy company’s stock worth $23,584,000 after acquiring an additional 2,961,338 shares during the period. BlackRock Inc. increased its stake in FuelCell Energy by 7.4% during the 2nd quarter. BlackRock Inc. now owns 42,420,849 shares of the energy company’s stock worth $91,629,000 after acquiring an additional 2,931,647 shares during the period. Vanguard Group Inc. increased its stake in FuelCell Energy by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 40,976,982 shares of the energy company’s stock worth $52,451,000 after acquiring an additional 2,873,655 shares during the period. Finally, Two Sigma Investments LP bought a new position in FuelCell Energy during the 1st quarter worth $6,426,000. 42.78% of the stock is owned by institutional investors and hedge funds.

FuelCell Energy Price Performance

FuelCell Energy stock opened at $0.88 on Monday. The stock’s fifty day moving average price is $1.16 and its two-hundred day moving average price is $1.24. FuelCell Energy, Inc. has a one year low of $0.87 and a one year high of $2.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 8.26 and a quick ratio of 6.35. The firm has a market cap of $399.49 million, a PE ratio of -3.27 and a beta of 3.76.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, March 7th. The energy company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. FuelCell Energy had a negative return on equity of 15.89% and a negative net margin of 105.56%. The firm had revenue of $16.69 million for the quarter, compared to analyst estimates of $25.74 million. During the same quarter last year, the company earned ($0.05) EPS. The company’s revenue was down 55.0% on a year-over-year basis. As a group, research analysts expect that FuelCell Energy, Inc. will post -0.26 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.