FuelCell Energy, Inc. (NASDAQ:FCEL) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its stake in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 96.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,389 shares of the energy company's stock after selling 1,374,446 shares during the quarter. Nuveen Asset Management LLC owned about 0.23% of FuelCell Energy worth $428,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in shares of FuelCell Energy in the 4th quarter worth $30,000. ExodusPoint Capital Management LP purchased a new stake in shares of FuelCell Energy in the fourth quarter valued at about $112,000. Aristides Capital LLC acquired a new stake in FuelCell Energy during the fourth quarter worth about $170,000. Susquehanna Fundamental Investments LLC acquired a new stake in FuelCell Energy during the fourth quarter worth about $444,000. Finally, Marshall Wace LLP purchased a new position in FuelCell Energy during the fourth quarter worth about $860,000. Hedge funds and other institutional investors own 42.78% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley dropped their price target on shares of 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 analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.03.

FuelCell Energy Trading Up 24.4%

FCEL traded up $1.27 on Friday, hitting $6.47. The company had a trading volume of 12,043,993 shares, compared to its average volume of 1,275,868. The company's fifty day moving average price is $4.38 and its 200 day moving average price is $7.07. FuelCell Energy, Inc. has a 1 year low of $3.58 and a 1 year high of $30.90. 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 firm has a market cap of $146.97 million, a P/E ratio of -0.82 and a beta of 4.12.

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