State Street Corp Buys 1,910,356 Shares of FuelCell Energy, Inc. $FCEL

Key Points

• State Street increased its FuelCell Energy stake by 818% in the second quarter, purchasing 1.91 million additional shares to own 2.14 million shares, or 2.68% of the company. Institutional investors and hedge funds collectively hold 42.78% of FCEL.
• FuelCell Energy reported a quarterly loss of $0.64 per share, missing the $0.41 consensus estimate, while revenue of $33.0 million fell short of expectations of $38.79 million. Analysts expect a full-year loss of $2.09 per share.
• Analyst sentiment is mixed: five analysts rate the stock a Buy, five a Hold and two a Sell, resulting in a consensus Hold rating and an average price target of $21.56 versus the reported share price of $16.39.

State Street Corp raised its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 818.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,143,908 shares of the energy company's stock after purchasing an additional 1,910,356 shares during the quarter. State Street Corp owned 2.68% of FuelCell Energy worth $77,202,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Legal & General Group Plc acquired a new position in FuelCell Energy in the 4th quarter valued at approximately $21,149,000. CenterBook Partners LP acquired a new stake in shares of FuelCell Energy during the 4th quarter worth approximately $9,348,000. Baird Financial Group Inc. bought a new stake in shares of FuelCell Energy during the second quarter valued at approximately $31,193,000. Dimensional Fund Advisors LP raised its stake in shares of FuelCell Energy by 459.1% in the first quarter. Dimensional Fund Advisors LP now owns 312,536 shares of the energy company's stock valued at $2,040,000 after purchasing an additional 256,640 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of FuelCell Energy by 61.1% in the second quarter. Tidal Investments LLC now owns 244,049 shares of the energy company's stock valued at $8,788,000 after purchasing an additional 92,572 shares in the last quarter. Institutional investors and hedge funds own 42.78% of the company's stock.

FuelCell Energy Price Performance

NASDAQ:FCEL opened at $16.39 on Friday. The company has a quick ratio of 7.77, a current ratio of 8.67 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.31 billion, a PE ratio of -4.78 and a beta of 2.35. FuelCell Energy, Inc. has a 12 month low of $5.71 and a 12 month high of $37.88. The company's 50-day moving average price is $18.95 and its two-hundred day moving average price is $16.82.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The energy company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.23). The firm had revenue of $33.00 million for the quarter, compared to analyst estimates of $38.79 million. FuelCell Energy had a negative return on equity of 16.85% and a negative net margin of 113.60%. On average, equities analysts anticipate that FuelCell Energy, Inc. will post -2.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Craig Hallum assumed coverage on shares of FuelCell Energy in a research note on Wednesday, September 9th. They set a "buy" rating and a $22.00 price target on the stock. Canaccord Genuity Group restated a "buy" rating and issued a $30.00 price objective on shares of FuelCell Energy in a research note on Thursday, September 3rd. B. Riley Financial raised shares of FuelCell Energy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $13.00 to $32.00 in a report on Monday, June 29th. Jefferies Financial Group reissued a "buy" rating and issued a $20.00 target price (down from $24.00) on shares of FuelCell Energy in a research note on Thursday, September 3rd. Finally, Citigroup initiated coverage on shares of FuelCell Energy in a research note on Tuesday, September 15th. They set a "neutral" rating and a $19.00 price target for the company. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $21.56.

Insider Buying and Selling at FuelCell Energy

In other FuelCell Energy news, Director Homer Livingston, III bought 16,404 shares of the stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of $15.05 per share, for a total transaction of $246,880.20. Following the completion of the purchase, the director owned 42,747 shares in the company, valued at $643,342.35. This represents a 62.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Shankar Achanta sold 2,500 shares of FuelCell Energy stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $28.71, for a total value of $71,775.00. Following the completion of the transaction, the executive vice president directly owned 2,618 shares of the company's stock, valued at $75,162.78. This represents a 48.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 5.46% of the company's stock.

Trending Headlines about FuelCell Energy

Here are the key news stories impacting FuelCell Energy this week:

• Positive Sentiment: Barclays initiated coverage with an Equal Weight rating and a $20 price target, implying potential upside from the recent trading level. The new coverage may provide some support, although the neutral rating limits the bullish signal.
• Positive Sentiment: FuelCell Energy’s Tri-gen platform, which produces hydrogen, electricity and water, is being promoted as a potential growth opportunity for transportation and industrial customers. Commercial adoption could diversify the company’s revenue base, but the reports did not announce a new contract or financial commitment. FCEL Targets Hydrogen Growth With Versatile Tri-gen Platform
• Neutral Sentiment: Reported short-interest data showed zero shares short and a zero-day days-to-cover ratio. This conflicts with the description of a significant increase in short interest and therefore provides little reliable insight into trading sentiment.
• Negative Sentiment: Several law firms announced or promoted securities class actions involving investors who purchased FCEL shares during June 24–September 1, 2026. The lawsuits and investigations allege that FuelCell Energy misrepresented manufacturing capacity and failed to disclose that costs and overhead exceeded contractual pricing under its Fit Energy agreement, ultimately contributing to approximately $17 million in charges. The lead-plaintiff deadline is November 10, 2026. Robbins LLP Investigation
• Negative Sentiment: Higher long-term Treasury yields are raising financing costs for capital-intensive clean-energy projects, pressuring fuel-cell companies broadly. This macroeconomic backdrop is particularly unfavorable for FuelCell Energy, which continues to report losses and has substantial execution and funding requirements. Fuel Cell Stocks Slide as High Treasury Yields Pressure Clean Energy Financing

About FuelCell Energy

FuelCell Energy, Inc is a clean energy technology company that develops, manufactures, operates and services stationary fuel cell power platforms. Its systems generate electricity through an electrochemical process, producing power with low emissions and without combustion. The company serves utilities, commercial and industrial customers, municipalities, universities and other organizations seeking distributed and resilient energy solutions.

The company's offerings include its SureSource fuel cell platforms, which can be configured for applications such as on-site power generation, microgrids, combined heat and power, and grid-support services.

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