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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 92.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FCEL. Susquehanna Fundamental Investments LLC acquired a new stake in FuelCell Energy during the 4th quarter worth approximately $444,000. Canada Pension Plan Investment Board acquired a new stake in shares of FuelCell Energy during the fourth quarter worth $30,000. Marshall Wace LLP bought a new stake in FuelCell Energy in the 4th quarter valued at $860,000. Federated Hermes Inc. acquired a new position in FuelCell Energy in the 4th quarter worth $1,357,000. Finally, Aristides Capital LLC acquired a new position in FuelCell Energy in the 4th quarter worth $170,000. 42.78% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Stock Up 19.7%

FCEL traded up $0.90 during trading hours on Monday, hitting $5.48. 3,138,130 shares of the company's stock were exchanged, compared to its average volume of 1,251,774. The stock has a market cap of $124.48 million, a price-to-earnings ratio of -0.69 and a beta of 4.08. The stock's 50-day moving average is $4.30 and its two-hundred day moving average is $7.15. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. 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 posted its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.10. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The firm had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. During the same period in the prior year, the firm posted ($1.25) earnings per share. Sell-side analysts predict that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley cut 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 equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.03.

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.