MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 3,971,581 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 92.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 318,652 shares of the energy company's stock after selling 3,971,581 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.56% of FuelCell Energy worth $2,888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new stake in FuelCell Energy during the fourth quarter worth about $444,000. Canada Pension Plan Investment Board purchased a new position in shares of FuelCell Energy during the 4th quarter valued at about $30,000. Marshall Wace LLP bought a new stake in FuelCell Energy in the 4th quarter worth approximately $860,000. Federated Hermes Inc. purchased a new stake in FuelCell Energy in the fourth quarter worth approximately $1,357,000. Finally, Aristides Capital LLC purchased a new stake in FuelCell Energy in the fourth quarter worth approximately $170,000. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

FuelCell Energy Price Performance

FCEL opened at $4.58 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48. The stock's 50 day simple moving average is $4.37 and its 200 day simple moving average is $7.30. The firm has a market cap of $104.03 million, a price-to-earnings ratio of -0.58 and a beta of 4.08. FuelCell Energy, Inc. has a 1 year low of $3.58 and a 1 year high of $30.90.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued 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. The company had revenue of $19.00 million for the quarter, compared to the consensus estimate of $35.37 million. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. During the same period in the previous year, the firm earned ($1.25) earnings per share. As a group, analysts predict that FuelCell Energy, Inc. will post -6.11 earnings per share for the current 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.

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