Barclays PLC Reduces Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

Barclays PLC reduced its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 98.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,891 shares of the energy company's stock after selling 2,411,587 shares during the quarter. Barclays PLC owned approximately 0.17% of FuelCell Energy worth $306,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. ExodusPoint Capital Management LP bought a new stake in shares of FuelCell Energy in the fourth quarter valued at $112,000. Aristides Capital LLC purchased a new position in shares of FuelCell Energy in the fourth quarter valued at $170,000. Federated Hermes Inc. purchased a new position in shares of FuelCell Energy in the fourth quarter valued at $1,357,000. Finally, JPMorgan Chase & Co. grew its position in shares of FuelCell Energy by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock valued at $207,000 after purchasing an additional 143,786 shares in the last quarter. 42.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

FuelCell Energy Price Performance

FuelCell Energy stock traded down $0.04 during midday trading on Friday, hitting $4.02. 286,846 shares of the company's stock were exchanged, compared to its average volume of 1,248,343. The stock has a 50-day moving average price of $4.50 and a two-hundred day moving average price of $7.44. FuelCell Energy, Inc. has a 52-week low of $3.58 and a 52-week high of $30.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. The company has a market cap of $91.20 million, a P/E ratio of -0.51 and a beta of 4.08.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.10. The firm had revenue of $19.00 million for the quarter, compared to analyst estimates 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 prior year, the company earned ($1.25) EPS. On average, equities research analysts forecast that FuelCell Energy, Inc. will post -6.11 earnings per share for the current 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.