Bank of New York Mellon Corp Makes New Investment in FuelCell Energy, Inc. $FCEL

Key Points

• Bank of New York Mellon purchased 169,233 FuelCell Energy shares worth approximately $6.1 million, taking a 0.21% stake; institutional investors collectively own 42.78% of the company.
• FuelCell Energy reported weak fiscal third-quarter results, with $33 million in revenue and a $0.64 adjusted loss per share, missing analyst expectations. Management remains focused on data-center power projects, targeting 100 megawatts of production capacity by October 2026 and positive adjusted EBITDA in fiscal 2027.
• Analyst sentiment is mixed, with a consensus “Hold” rating and a $22.83 price target. The stock also faces execution concerns and legal investigations related to a recent offering and disclosures about costs and losses.

Bank of New York Mellon Corp purchased a new stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 169,233 shares of the energy company's stock, valued at approximately $6,094,000. Bank of New York Mellon Corp owned 0.21% of FuelCell Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FCEL. Rhumbline Advisers boosted its holdings in FuelCell Energy by 21.1% during the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company's stock valued at $147,000 after purchasing an additional 5,585 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of FuelCell Energy in the second quarter valued at $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in FuelCell Energy by 6.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company's stock valued at $1,877,000 after acquiring an additional 19,857 shares in the last quarter. Bank of America Corp DE raised its position in FuelCell Energy by 31.9% in the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company's stock worth $103,000 after purchasing an additional 4,435 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of FuelCell Energy during the second quarter worth $216,000. 42.78% of the stock is owned by institutional investors.

FuelCell Energy News Summary

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

Insider Transactions at FuelCell Energy

In other FuelCell Energy news, EVP Shankar Achanta sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The stock was 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 directly owned 2,618 shares in the company, valued at $75,162.78. This trade represents a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FCEL shares. B. Riley Financial upgraded FuelCell Energy from a "neutral" rating to a "buy" rating and raised their price target for the company from $13.00 to $32.00 in a report on Monday, June 29th. Wall Street Zen cut FuelCell Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. TD Cowen reaffirmed a "hold" rating and issued a $16.00 target price (up from $9.00) on shares of FuelCell Energy in a research note on Tuesday, June 9th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $30.00 price objective on shares of FuelCell Energy in a research note on Thursday. Finally, KeyCorp reiterated a "sector weight" rating on shares of FuelCell Energy in a research report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $22.83.

FuelCell Energy Stock Up 1.9%

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

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last announced its 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). FuelCell Energy had a negative net margin of 113.60% and a negative return on equity of 16.85%. The firm had revenue of $33.00 million during the quarter, compared to analyst estimates of $38.79 million. As a group, equities research analysts predict that FuelCell Energy, Inc. will post -1.73 earnings per share for the current fiscal year.

FuelCell Energy Company 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.

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