Two Sigma Investments LP Sells 6,709,191 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Two Sigma Investments LP decreased its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 99.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,115 shares of the energy company's stock after selling 6,709,191 shares during the quarter. Two Sigma Investments LP owned approximately 0.23% of FuelCell Energy worth $417,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Canada Pension Plan Investment Board bought a new stake in FuelCell Energy in the fourth quarter worth $30,000. ExodusPoint Capital Management LP acquired a new stake in shares of FuelCell Energy in the fourth quarter worth about $112,000. Aristides Capital LLC bought a new stake in shares of FuelCell Energy during the 4th quarter worth about $170,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of FuelCell Energy during the 4th quarter valued at about $444,000. Finally, Marshall Wace LLP acquired a new stake in FuelCell Energy in the 4th quarter worth approximately $860,000. Institutional investors and hedge funds own 42.78% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their price target 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 given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $10.03.

FuelCell Energy Stock Performance

Shares of NASDAQ FCEL traded down $0.75 during trading hours on Tuesday, hitting $6.72. 2,706,428 shares of the company's stock were exchanged, compared to its average volume of 1,292,167. The company's 50-day moving average price is $4.47 and its 200-day moving average price is $7.04. FuelCell Energy, Inc. has a 1-year low of $3.58 and a 1-year high of $30.90. The stock has a market capitalization of $152.64 million, a price-to-earnings ratio of -0.85 and a beta of 4.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its quarterly earnings results on Friday, June 6th. The energy company reported ($1.79) EPS for the quarter, missing analysts' consensus estimates of ($1.51) by ($0.28). The business had revenue of $37.41 million for the quarter, compared to analyst estimates of $32.42 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same quarter last year, the firm earned ($2.10) earnings per share. On average, sell-side analysts expect that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

About FuelCell Energy

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.