FuelCell Energy, Inc. (NASDAQ:FCEL) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 96.7% during the 4th quarter, according to the company in its most recent 13F filing with the 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 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of FCEL. Canada Pension Plan Investment Board purchased a new stake in shares of FuelCell Energy during the 4th quarter valued at about $30,000. ExodusPoint Capital Management LP purchased a new stake in shares of FuelCell Energy during the 4th quarter valued at about $112,000. Aristides Capital LLC purchased a new stake in shares of FuelCell Energy during the 4th quarter valued at about $170,000. JPMorgan Chase & Co. raised its holdings in shares of FuelCell Energy by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock valued at $207,000 after buying an additional 143,786 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of FuelCell Energy during the 4th quarter valued at about $860,000. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

FuelCell Energy Stock Up 19.7%

FCEL stock traded up $0.90 during midday trading on Friday, hitting $5.48. 3,138,130 shares of the company's stock were exchanged, compared to its average volume of 1,252,332. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20. FuelCell Energy, Inc. has a 12-month low of $3.58 and a 12-month high of $30.90. The firm has a 50 day moving average price of $4.30 and a 200-day moving average price of $7.19. The stock has a market capitalization of $124.48 million, a price-to-earnings ratio of -0.69 and a beta of 4.08.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.10. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. The company had revenue of $19.00 million for the quarter, compared to the consensus estimate of $35.37 million. During the same period in the previous year, the business earned ($1.25) EPS. On average, 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.