FuelCell Energy, Inc. $FCEL Stake Reduced by Bank of America Corp DE

Key Points

• Bank of America cut its FuelCell Energy stake by 55% in the second quarter, selling 104,929 shares and retaining 85,795 shares worth approximately $3.1 million. Institutional investors collectively owned 42.78% of the company.
• Analyst sentiment was mixed, with six Buy, five Hold and two Sell ratings; the consensus rating was Hold with an average price target of $21.80, compared with shares opening at $16.90.
• FuelCell Energy reported weaker-than-expected quarterly results, posting a loss of $0.64 per share versus the $0.41 consensus estimate and revenue of $33 million versus expectations of $38.79 million. Insider activity was mixed, with an executive selling shares while a director purchased 16,404 shares.

Bank of America Corp DE lessened its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 55.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,795 shares of the energy company's stock after selling 104,929 shares during the quarter. Bank of America Corp DE owned approximately 0.11% of FuelCell Energy worth $3,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Optiver Holding B.V. purchased a new stake in FuelCell Energy during the 1st quarter valued at $88,000. Caitong International Asset Management Co. Ltd grew its holdings in FuelCell Energy by 155.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 19,473 shares of the energy company's stock worth $142,000 after acquiring an additional 11,855 shares during the last quarter. Entropy Technologies LP increased its position in shares of FuelCell Energy by 28.6% in the first quarter. Entropy Technologies LP now owns 37,519 shares of the energy company's stock valued at $245,000 after acquiring an additional 8,336 shares during the period. KMG Fiduciary Partners LLC purchased a new position in shares of FuelCell Energy in the second quarter valued at about $324,000. Finally, Amundi raised its stake in shares of FuelCell Energy by 118.4% during the first quarter. Amundi now owns 50,947 shares of the energy company's stock valued at $333,000 after acquiring an additional 27,621 shares during the last quarter. Institutional investors own 42.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FCEL shares. Citigroup began coverage on shares of FuelCell Energy in a report on Tuesday, September 15th. They set a "neutral" rating and a $19.00 target price for the company. Barclays started coverage on FuelCell Energy in a research report on Thursday, September 24th. They set an "equal weight" rating and a $20.00 price target for the company. Craig Hallum initiated coverage on FuelCell Energy in a report on Wednesday, September 9th. They issued a "buy" rating and a $22.00 price objective for the company. Jefferies Financial Group reiterated a "buy" rating and issued a $20.00 price objective (down from $24.00) on shares of FuelCell Energy in a research report on Thursday, September 3rd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of FuelCell Energy in a research note on Monday, August 17th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, FuelCell Energy presently has an average rating of "Hold" and an average target price of $21.80.

FuelCell Energy Price Performance

Shares of NASDAQ FCEL opened at $16.90 on Wednesday. FuelCell Energy, Inc. has a 1 year low of $5.71 and a 1 year high of $37.88. The stock has a market capitalization of $1.35 billion, a P/E ratio of -4.93 and a beta of 2.35. The company's 50-day moving average is $18.74 and its 200 day moving average is $17.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.67 and a quick ratio of 7.77.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The energy company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.23). FuelCell Energy had a negative return on equity of 16.85% and a negative net margin of 113.60%.The company had revenue of $33.00 million during the quarter, compared to analysts' expectations of $38.79 million. On average, sell-side analysts expect that FuelCell Energy, Inc. will post -2.09 earnings per share for the current year.

Insiders Place Their Bets

In other FuelCell Energy news, EVP Shankar Achanta sold 2,500 shares of the firm's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $28.71, for a total transaction of $71,775.00. Following the completion of the transaction, the executive vice president owned 2,618 shares of the company's stock, valued at approximately $75,162.78. This trade represents a 48.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Homer Livingston, III bought 16,404 shares of the company's stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of $15.05 per share, for a total transaction of $246,880.20. Following the acquisition, the director owned 42,747 shares in the company, valued at approximately $643,342.35. This represents a 62.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.46% of the stock is currently owned by corporate insiders.

Key Stories Impacting FuelCell Energy

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

• Positive Sentiment: Oppenheimer initiated coverage with an Outperform rating and a $24 price target, implying substantial upside from the referenced $16.90 level. Analyst Colin Rusch cited FuelCell Energy’s differentiated firm, on-site power systems and potential exposure to rapidly expanding electricity demand from AI data centers. FuelCell Energy jumps on Oppenheimer initiation, citing data center demand
• Positive Sentiment: The broader fuel-cell group rebounded after a recent selloff, helping support sector sentiment and FCEL trading activity. Bloom Energy rallies as fuel-cell selloff reverses
• Neutral Sentiment: Several law firms announced or promoted a securities class action covering investors who purchased FCEL securities during roughly June 24 through September 1, 2026. The November 10, 2026 deadline is for investors seeking appointment as lead plaintiff; these announcements do not represent a court finding of wrongdoing. Kaplan Fox class action announcement
• Negative Sentiment: The allegations center on purportedly inadequate manufacturing capacity and production rates tied to FuelCell Energy’s Fit Energy contract. The notices claim the company failed to disclose that capacity was insufficient to meet contractual requirements, contributing to a reported $17 million charge. If substantiated, the matter could increase legal, financial and reputational risks. FCEL investor alert regarding manufacturing capacity allegations

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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.