Dimensional Fund Advisors LP Has $232,000 Stock Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

Dimensional Fund Advisors LP lowered its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 96.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,700 shares of the energy company's stock after selling 746,807 shares during the quarter. Dimensional Fund Advisors LP owned 0.13% of FuelCell Energy worth $232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCEL. Federated Hermes Inc. bought a new position in shares of FuelCell Energy in the fourth quarter valued at $1,357,000. JPMorgan Chase & Co. grew its position in shares of FuelCell Energy by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock valued at $207,000 after acquiring an additional 143,786 shares during the period. Marshall Wace LLP acquired a new position in shares of FuelCell Energy during the 4th quarter worth about $860,000. Aristides Capital LLC acquired a new position in shares of FuelCell Energy during the 4th quarter worth about $170,000. Finally, ExodusPoint Capital Management LP bought a new stake in shares of FuelCell Energy in the 4th quarter valued at about $112,000. 42.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

FuelCell Energy Stock Performance

NASDAQ FCEL opened at $4.12 on Friday. The stock has a market cap of $93.59 million, a PE ratio of -0.52 and a beta of 4.08. 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 firm has a 50-day moving average of $4.45 and a 200-day moving average of $7.38. FuelCell Energy, Inc. has a 52-week low of $3.58 and a 52-week high of $30.90.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.10. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The firm had revenue of $19.00 million for the quarter, compared to analysts' expectations of $35.37 million. During the same period in the prior year, the firm earned ($1.25) EPS. On average, sell-side analysts anticipate that FuelCell Energy, Inc. will post -6.11 EPS for the current 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.

Want to see what other hedge funds are holding FCEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.