Northern Trust Corp Sells 3,897,593 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Northern Trust Corp trimmed its position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 96.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,669 shares of the energy company's stock after selling 3,897,593 shares during the quarter. Northern Trust Corp owned 0.78% of FuelCell Energy worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of FuelCell Energy by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock worth $207,000 after purchasing an additional 143,786 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of FuelCell Energy in the 4th quarter worth $1,357,000. Marshall Wace LLP purchased a new stake in shares of FuelCell Energy in the 4th quarter worth $860,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of FuelCell Energy in the 4th quarter worth $444,000. Finally, Aristides Capital LLC purchased a new stake in shares of FuelCell Energy in the 4th quarter worth $170,000. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Price Performance

FCEL stock traded down $0.12 during trading on Friday, reaching $5.09. The company's stock had a trading volume of 1,172,320 shares, compared to its average volume of 1,247,707. FuelCell Energy, Inc. has a 1 year low of $3.58 and a 1 year high of $30.90. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $115.62 million, a P/E ratio of -0.64 and a beta of 4.08. The company's fifty day moving average is $4.33 and its 200-day moving average is $7.11.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) EPS for the quarter, beating 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 business had revenue of $19.00 million during the quarter, compared to the consensus estimate of $35.37 million. During the same quarter in the prior year, the firm earned ($1.25) EPS. On average, research analysts expect that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley reduced their price objective on FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, FuelCell Energy has a consensus rating of "Hold" and a consensus target price of $10.03.

FuelCell Energy 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.