Engineers Gate Manager LP Cuts Stock Holdings in FuelCell Energy, Inc. $FCEL

Key Points

• Engineers Gate Manager LP cut its FuelCell Energy stake by 88.5% in the second quarter, selling 103,724 shares and retaining 13,504 shares valued at approximately $486,000. Hedge funds and other institutions own 42.78% of FCEL.
• FuelCell Energy reported weaker-than-expected quarterly results, with revenue of $33.0 million versus $38.79 million expected and a loss of $0.64 per share versus a projected $0.41 loss. Analysts expect the company to remain unprofitable this fiscal year.
• FCEL shares opened at $17.18, while analysts maintain a consensus rating of “Hold” and an average price target of $21.75; the company also faces legal claims alleging disclosures understated manufacturing-capacity problems.

Engineers Gate Manager LP reduced its position in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 88.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,504 shares of the energy company's stock after selling 103,724 shares during the period. Engineers Gate Manager LP's holdings in FuelCell Energy were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in FCEL. Legal & General Group Plc acquired a new stake in FuelCell Energy during the fourth quarter valued at $21,149,000. CenterBook Partners LP purchased a new position in shares of FuelCell Energy in the 4th quarter valued at about $9,348,000. Baird Financial Group Inc. acquired a new position in FuelCell Energy in the 2nd quarter worth about $31,193,000. Dimensional Fund Advisors LP boosted its position in FuelCell Energy by 459.1% during the first quarter. Dimensional Fund Advisors LP now owns 312,536 shares of the energy company's stock worth $2,040,000 after purchasing an additional 256,640 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in FuelCell Energy by 1,173,840.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 234,788 shares of the energy company's stock valued at $1,716,000 after purchasing an additional 234,768 shares during the period. 42.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FuelCell Energy

In related news, Director Homer Livingston, III acquired 16,404 shares of FuelCell Energy stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average price of $15.05 per share, for a total transaction of $246,880.20. Following the completion of the transaction, the director owned 42,747 shares in the company, valued at $643,342.35. This represents a 62.27% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Shankar Achanta sold 2,500 shares of FuelCell Energy 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 transaction, the executive vice president owned 2,618 shares in the company, valued at approximately $75,162.78. The trade was a 48.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.46% of the stock is currently owned by corporate insiders.

FuelCell Energy Stock Down 3.8%

Shares of FCEL opened at $17.18 on Thursday. The stock has a 50 day moving average price of $18.97 and a 200 day moving average price of $16.75. FuelCell Energy, Inc. has a one year low of $5.71 and a one year high of $37.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.77 and a current ratio of 8.67. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -5.01 and a beta of 2.35.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The energy company reported ($0.64) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.23). The business had revenue of $33.00 million during the quarter, compared to analyst estimates of $38.79 million. FuelCell Energy had a negative net margin of 113.60% and a negative return on equity of 16.85%. Equities research analysts forecast that FuelCell Energy, Inc. will post -2.09 earnings per share for the current fiscal year.

Key FuelCell Energy News

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

• Positive Sentiment: Investors who purchased FCEL shares during the alleged June 24–September 1, 2026 class period may be eligible to seek compensation or appointment as lead plaintiff, although the lawsuits do not represent a finding of wrongdoing. Rosen investor notice
• Neutral Sentiment: Multiple law firms, including Kaplan Fox, Rosen, Faruqi & Faruqi, Pomerantz, Hagens Berman and others, reminded investors that the lead-plaintiff deadline is November 10, 2026. These notices are largely duplicative rather than new operating developments. Kaplan Fox investor notice
• Negative Sentiment: The lawsuits allege FuelCell Energy’s disclosures understated manufacturing-capacity problems and presented them as a future risk even though production was already insufficient to meet contract pricing. One complaint says the shortfall contributed to a $17 million charge related to the Fit Energy Phase 0 commitment. Levi & Korsinsky shareholder alert
• Negative Sentiment: The legal overhang adds to concerns about weak fundamentals. Recent quarterly results reportedly missed estimates, with revenue of $33.0 million versus $38.79 million expected and an adjusted loss of $0.64 per share versus a $0.41 loss forecast. FuelCell Energy also continues to post negative margins and is expected to remain unprofitable. Renewable energy stocks Q2 highlights

Wall Street Analyst Weigh In

FCEL has been the subject of several research analyst reports. B. Riley Financial raised FuelCell Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $13.00 to $32.00 in a research note on Monday, June 29th. Canaccord Genuity Group reissued a "buy" rating and issued a $30.00 price target on shares of FuelCell Energy in a report on Thursday, September 3rd. Jefferies Financial Group reaffirmed a "buy" rating and set a $20.00 price objective (down from $24.00) on shares of FuelCell Energy in a report on Thursday, September 3rd. KeyCorp reiterated a "sector weight" rating on shares of FuelCell Energy in a research report on Tuesday, September 8th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of FuelCell Energy in a research note on Monday, August 17th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.75.

FuelCell Energy Profile

FuelCell Energy, Inc is a clean energy technology company that develops, manufactures, operates and services stationary fuel cell power platforms. Its systems generate electricity through an electrochemical process, producing power with low emissions and without combustion. The company serves utilities, commercial and industrial customers, municipalities, universities and other organizations seeking distributed and resilient energy solutions.

The company's offerings include its SureSource fuel cell platforms, which can be configured for applications such as on-site power generation, microgrids, combined heat and power, and grid-support services.

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