First Trust Advisors LP Takes $758,000 Position in FuelCell Energy, Inc. $FCEL

Key Points

• First Trust Advisors acquired 116,106 FuelCell Energy shares worth approximately $758,000, while institutional investors collectively own 42.78% of the company. Other major investors, including Legal & General, Invesco and CenterBook Partners, also increased or initiated positions.
• FuelCell Energy reported a quarterly loss of $0.53 per share and revenue of $35.59 million, missing analyst estimates of $0.52 EPS and $40.47 million in revenue. Analysts expect the company to post a full-year loss of $1.73 per share.
• Analyst sentiment remains mixed: several firms upgraded the stock and raised price targets, but one downgraded it to sell. The shares have an average rating of Hold and a consensus price target of $22.83.

First Trust Advisors LP acquired a new position in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 116,106 shares of the energy company's stock, valued at approximately $758,000. First Trust Advisors LP owned approximately 0.22% of FuelCell Energy at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FCEL. Legal & General Group Plc purchased a new position in FuelCell Energy during the fourth quarter valued at $21,149,000. Invesco Ltd. increased its position in FuelCell Energy by 75.4% in the fourth quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company's stock worth $11,005,000 after buying an additional 647,151 shares in the last quarter. CenterBook Partners LP bought a new position in shares of FuelCell Energy in the fourth quarter worth about $9,348,000. Renaissance Technologies LLC lifted its position in shares of FuelCell Energy by 14.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,219,600 shares of the energy company's stock valued at $8,915,000 after buying an additional 150,600 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of FuelCell Energy by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company's stock valued at $8,374,000 after buying an additional 23,981 shares in the last quarter. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Stock Performance

NASDAQ FCEL opened at $19.20 on Wednesday. The business's 50 day moving average price is $21.83 and its 200-day moving average price is $14.61. FuelCell Energy, Inc. has a fifty-two week low of $3.78 and a fifty-two week high of $37.88. The company has a market cap of $1.54 billion, a P/E ratio of -2.92 and a beta of 2.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.20 and a current ratio of 8.59.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on FCEL. B. Riley Financial upgraded shares of FuelCell Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $13.00 to $32.00 in a research note on Monday, June 29th. Jefferies Financial Group raised shares of FuelCell Energy from a "hold" rating to a "buy" rating and upped their price target for the company from $16.00 to $24.00 in a research note on Friday, June 26th. KeyCorp reiterated a "sector weight" rating on shares of FuelCell Energy in a research report on Tuesday, June 9th. Canaccord Genuity Group lifted their price objective on shares of FuelCell Energy from $12.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, June 9th. Finally, Wall Street Zen downgraded shares of FuelCell Energy from a "hold" rating to a "sell" rating in a report on Sunday. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.83.

Insider Buying and Selling at FuelCell Energy

In other news, EVP Shankar Achanta sold 2,500 shares of the firm's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $28.71, for a total value of $71,775.00. Following the completion of the sale, the executive vice president owned 2,618 shares in the company, valued at approximately $75,162.78. This trade represents a 48.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.46% of the company's stock.

FuelCell Energy 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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