Bank of America Corp DE Acquires 177,084 Shares of FuelCell Energy, Inc. $FCEL

Key Points

• Bank of America increased its FuelCell Energy stake by 1,298.3% in the first quarter, acquiring 177,084 additional shares for a total position of 190,724 shares valued at approximately $1.25 million. Institutional investors collectively own 42.78% of the company.
• Analyst sentiment remains mixed: some firms upgraded the stock to “buy” with targets as high as $32, while others maintained “hold” or “sell” ratings. MarketBeat’s consensus rating is “Hold,” with an average price target of $22.83.
• FuelCell Energy’s latest quarterly results fell short of expectations, reporting a $0.64-per-share loss versus a $0.41 consensus loss and revenue of $33 million versus the $38.79 million estimate.

Bank of America Corp DE lifted its position in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 1,298.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,724 shares of the energy company's stock after acquiring an additional 177,084 shares during the period. Bank of America Corp DE owned 0.36% of FuelCell Energy worth $1,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of FuelCell Energy in the 4th quarter worth approximately $29,000. Rhumbline Advisers increased its position in FuelCell Energy by 21.1% during the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company's stock valued at $147,000 after buying an additional 5,585 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in FuelCell Energy by 1,316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company's stock valued at $59,000 after buying an additional 7,080 shares during the last quarter. Entropy Technologies LP increased its holdings in shares of FuelCell Energy by 28.6% during the first quarter. Entropy Technologies LP now owns 37,519 shares of the energy company's stock valued at $245,000 after acquiring an additional 8,336 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of FuelCell Energy in the 4th quarter worth about $78,000. Hedge funds and other institutional investors own 42.78% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on FCEL shares. B. Riley Financial raised FuelCell Energy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $13.00 to $32.00 in a report on Monday, June 29th. Jefferies Financial Group restated a "buy" rating on shares of FuelCell Energy in a research note on Thursday. Wells Fargo & Company upped their price objective on FuelCell Energy from $6.00 to $8.00 and gave the stock an "underweight" rating in a research note on Tuesday, June 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of FuelCell Energy in a report on Monday, August 17th. Finally, UBS Group upgraded FuelCell Energy from a "neutral" rating to a "buy" rating and increased their target price for the company from $22.00 to $27.00 in a research report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $22.83.

Insiders Place Their Bets

In other FuelCell Energy news, EVP Shankar Achanta sold 2,500 shares of FuelCell Energy stock in a transaction on Monday, July 6th. The shares were sold at an average price of $28.71, for a total value of $71,775.00. Following the completion of the transaction, the executive vice president owned 2,618 shares of the company's stock, valued at approximately $75,162.78. The trade was a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.46% of the company's stock.

More FuelCell Energy News

Here are the key news stories impacting FuelCell Energy this week:

• Positive Sentiment: Management is targeting data-center power-conversion projects, a 100-megawatt production rate by October 2026, and positive adjusted EBITDA in fiscal fourth-quarter 2027. The company also highlighted new data-center agreements and a cash balance of approximately $737.3 million, supporting its ability to fund expansion. FuelCell Energy Q3 Earnings Call Focuses on Data Center Conversion
• Positive Sentiment: Canaccord Genuity reaffirmed its “buy” rating and maintained a $30 price target, implying substantial upside from recent trading levels. Fuel-cell stocks also benefited from broader risk appetite toward high-beta clean-energy companies.
• Neutral Sentiment: FuelCell Energy reported fiscal third-quarter revenue of $33 million and a net loss of approximately $44.5 million. The results were weak, but investors are weighing the near-term earnings shortfall against the company’s longer-term data-center growth strategy and strong liquidity. Why FuelCell Energy Is Getting Attention After Its Latest Update
• Negative Sentiment: Quarterly earnings missed expectations: adjusted loss was $0.64 per share versus a $0.41 consensus loss, while revenue fell below the roughly $38.8 million estimate. The disappointing release triggered sharp selling and renewed concerns about execution, profitability, and the company’s ability to convert its backlog into revenue.
• Negative Sentiment: Several law firms, including Glancy Prongay Wolke & Rotter, Kaplan Fox, Frank R. Cruz, Kirby McInerney, and Johnson Fistel, announced investigations into possible securities-law violations. The inquiries reportedly relate to a recent stock offering and disclosures concerning significant costs and losses tied to a commercial agreement. The allegations have not been proven, but the legal overhang could pressure the stock and increase reputational and financial risk. Securities Fraud Investigation Announced

FuelCell Energy Trading Up 1.9%

NASDAQ:FCEL opened at $14.95 on Friday. The firm has a fifty day simple moving average of $21.39 and a 200-day simple moving average of $15.92. The company has a market capitalization of $1.20 billion, a P/E ratio of -4.36 and a beta of 2.35. FuelCell Energy, Inc. has a 12 month low of $3.81 and a 12 month high of $37.88. The company has a current ratio of 8.67, a quick ratio of 7.20 and a debt-to-equity ratio of 0.15.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The energy company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.23). The business had revenue of $33.00 million for the quarter, compared to analysts' expectations of $38.79 million. FuelCell Energy had a negative return on equity of 16.85% and a negative net margin of 113.60%. On average, equities research analysts anticipate that FuelCell Energy, Inc. will post -1.73 earnings per share for the current year.

FuelCell Energy Profile

FuelCell Energy, Inc NASDAQ: FCEL is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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