Penserra Capital Management LLC Has $898,000 Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

Penserra Capital Management LLC boosted its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 167.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195,802 shares of the energy company's stock after acquiring an additional 122,638 shares during the period. Penserra Capital Management LLC owned 0.93% of FuelCell Energy worth $898,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in shares of FuelCell Energy by 18.6% in the 1st quarter. Bank of New York Mellon Corp now owns 51,764 shares of the energy company's stock valued at $238,000 after purchasing an additional 8,121 shares during the last quarter. Rhumbline Advisers increased its stake in shares of FuelCell Energy by 21.1% in the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company's stock valued at $147,000 after purchasing an additional 5,585 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of FuelCell Energy by 451.5% in the 1st quarter. GAMMA Investing LLC now owns 12,398 shares of the energy company's stock valued at $57,000 after purchasing an additional 10,150 shares during the last quarter. Connective Capital Management LLC bought a new position in shares of FuelCell Energy in the 4th quarter valued at $202,000. Finally, Squarepoint Ops LLC bought a new position in shares of FuelCell Energy in the 4th quarter valued at $99,000. Institutional investors own 42.78% of the company's stock.

FuelCell Energy Price Performance

Shares of NASDAQ FCEL traded down $0.37 during mid-day trading on Friday, hitting $5.37. 2,095,138 shares of the stock traded hands, compared to its average volume of 1,324,361. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.62 and a quick ratio of 3.82. FuelCell Energy, Inc. has a twelve month low of $3.58 and a twelve month high of $21.60. The company has a market cap of $122.39 million, a PE ratio of -0.71 and a beta of 4.09. The firm has a 50 day simple moving average of $5.34 and a two-hundred day simple moving average of $6.23.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings data on Friday, June 6th. The energy company reported ($1.79) earnings per share for the quarter, missing the consensus estimate of ($1.51) by ($0.28). FuelCell Energy had a negative net margin of 108.52% and a negative return on equity of 21.16%. The firm had revenue of $37.41 million for the quarter, compared to analyst estimates of $32.42 million. During the same period last year, the business earned ($2.10) EPS. As a group, equities research analysts forecast that FuelCell Energy, Inc. will post -6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley decreased their price target on FuelCell Energy from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $9.86.

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.