Alliancebernstein L.P. Has $393,000 Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

Alliancebernstein L.P. lowered its stake in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 97.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,467 shares of the energy company's stock after selling 1,898,383 shares during the period. Alliancebernstein L.P. owned approximately 0.21% of FuelCell Energy worth $393,000 as of its most recent SEC filing.

Separately, JPMorgan Chase & Co. lifted its holdings 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. Institutional investors own 42.78% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley decreased their price objective on shares of FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.03.

FuelCell Energy Stock Performance

FCEL traded down $0.02 on Friday, hitting $3.84. 420,876 shares of the stock traded hands, compared to its average volume of 1,317,214. The business has a fifty day moving average price of $5.23 and a two-hundred day moving average price of $8.06. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $81.09 million, a PE ratio of -0.48 and a beta of 3.95. FuelCell Energy, Inc. has a 52 week low of $3.66 and a 52 week high of $30.90.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.52) by $0.10. The business had revenue of $19.00 million for 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 in the previous year, the business posted ($1.25) earnings per share. On average, research analysts predict that FuelCell Energy, Inc. will post -6.11 EPS for the current fiscal year.

FuelCell Energy Company 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.