Dimensional Fund Advisors LP Purchases 256,640 Shares of FuelCell Energy, Inc. $FCEL

Key Points

• Dimensional Fund Advisors increased its FuelCell Energy stake by 459.1% in the first quarter, acquiring 256,640 shares and bringing its total holdings to 312,536 shares worth approximately $2.04 million. Institutional investors collectively own 42.78% of FCEL.
• FuelCell Energy reported quarterly revenue of $35.59 million, below the $40.47 million consensus estimate, and an adjusted loss of $0.53 per share. Analysts expect a full-year loss of $1.73 per share.
• FCEL shares opened at $20.34, within a 12-month range of $3.78 to $37.88. Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $22.83; an executive also sold 2,500 shares.

Dimensional Fund Advisors LP increased its position in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 459.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 312,536 shares of the energy company's stock after acquiring an additional 256,640 shares during the quarter. Dimensional Fund Advisors LP owned about 0.59% of FuelCell Energy worth $2,040,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FCEL. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of FuelCell Energy by 31,021.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,516 shares of the energy company's stock valued at $1,078,000 after buying an additional 147,042 shares in the last quarter. CenterBook Partners LP purchased a new stake in FuelCell Energy during the 4th quarter worth about $9,348,000. Northwestern Mutual Wealth Management Co. lifted its holdings in FuelCell Energy by 1,173,840.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 234,788 shares of the energy company's stock worth $1,716,000 after purchasing an additional 234,768 shares in the last quarter. Legal & General Group Plc bought a new position in FuelCell Energy in the 4th quarter worth about $21,149,000. Finally, Virtu Financial LLC grew its holdings in FuelCell Energy by 75.7% during the 4th quarter. Virtu Financial LLC now owns 85,655 shares of the energy company's stock valued at $626,000 after buying an additional 36,910 shares in the last quarter. 42.78% of the stock is currently owned by institutional investors.

Insider Activity at FuelCell Energy

In other news, EVP Shankar Achanta sold 2,500 shares of the 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 transaction, the executive vice president owned 2,618 shares of the company's stock, valued at $75,162.78. This represents a 48.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.46% of the stock is owned by insiders.

FuelCell Energy Stock Performance

NASDAQ:FCEL opened at $20.34 on Friday. The stock has a market cap of $1.63 billion, a P/E ratio of -3.10 and a beta of 2.37. The company has a quick ratio of 7.20, a current ratio of 8.59 and a debt-to-equity ratio of 0.18. The business's 50-day moving average price is $21.81 and its two-hundred day moving average price is $14.77. FuelCell Energy, Inc. has a twelve month low of $3.78 and a twelve month high of $37.88.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings data on Monday, June 8th. The energy company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of $0.52 by ($1.05). FuelCell Energy had a negative return on equity of 15.90% and a negative net margin of 132.41%.The company had revenue of $35.59 million during the quarter, compared to the consensus estimate of $40.47 million. During the same quarter last year, the company posted ($1.79) earnings per share. As a group, equities analysts predict that FuelCell Energy, Inc. will post -1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FCEL has been the topic of several analyst reports. Canaccord Genuity Group upped their price target on FuelCell Energy from $12.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, June 9th. Wall Street Zen lowered shares of FuelCell Energy from a "hold" rating to a "sell" rating in a research report on Sunday, August 9th. KeyCorp reaffirmed a "sector weight" rating on shares of FuelCell Energy in a research note on Tuesday, June 9th. TD Cowen reaffirmed a "hold" rating and set a $16.00 target price (up from $9.00) on shares of FuelCell Energy in a report on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of FuelCell Energy from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $22.83.

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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