BNP Paribas Financial Markets Has $133,000 Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

BNP Paribas Financial Markets lessened its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 88.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,671 shares of the energy company's stock after selling 109,045 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.07% of FuelCell Energy worth $133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Canada Pension Plan Investment Board acquired a new stake in shares of FuelCell Energy in the 4th quarter valued at $30,000. ExodusPoint Capital Management LP purchased a new stake in FuelCell Energy during the 4th quarter valued at approximately $112,000. Aristides Capital LLC acquired a new stake in shares of FuelCell Energy during the fourth quarter worth $170,000. JPMorgan Chase & Co. boosted its holdings in shares of FuelCell Energy by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock valued at $207,000 after acquiring an additional 143,786 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in FuelCell Energy during the 4th quarter worth approximately $444,000. 42.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley reduced their price target on shares of FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $10.03.

FuelCell Energy Stock Performance

FCEL traded down $0.10 on Wednesday, hitting $5.54. 249,006 shares of the company's stock were exchanged, compared to its average volume of 1,235,660. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $4.35 and a two-hundred day moving average of $7.10. FuelCell Energy, Inc. has a twelve month low of $3.58 and a twelve month high of $30.90. The firm has a market cap of $125.73 million, a PE ratio of -0.70 and a beta of 4.12.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last announced its earnings results on Tuesday, March 11th. The energy company reported ($1.42) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.10. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. The firm had revenue of $19.00 million for the quarter, compared to analysts' expectations of $35.37 million. During the same quarter in the previous year, the company earned ($1.25) earnings per share. On average, research analysts anticipate that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

FuelCell Energy Company Profile

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.