Zurcher Kantonalbank Zurich Cantonalbank Purchases 147,042 Shares of FuelCell Energy, Inc. $FCEL

Key Points

• Zurcher Kantonalbank boosted its stake in FuelCell Energy by 31,021.5% in Q4, purchasing 147,042 shares and now holds about 147,516 shares (~0.31% of the company) worth ~$1.08 million.
• Analyst sentiment is weak — MarketBeat shows an average rating of "Reduce" (seven Holds, two Sells) with an average price target of $8.24 and recent cuts including Wells Fargo’s $6 underweight target.
• FuelCell has a market cap of $688.7M, a negative PE (−1.88), reported an EPS beat but revenue below estimates and a deeply negative net margin, with a 52‑week range of $3.58–$13.66.

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 31,021.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 147,516 shares of the energy company's stock after purchasing an additional 147,042 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.31% of FuelCell Energy worth $1,078,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in FuelCell Energy by 1,316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company's stock worth $59,000 after purchasing an additional 7,080 shares in the last quarter. Independent Advisor Alliance bought a new position in FuelCell Energy during the third quarter valued at about $80,000. Bank of America Corp DE grew its position in FuelCell Energy by 31.9% during the second quarter. Bank of America Corp DE now owns 18,351 shares of the energy company's stock valued at $103,000 after buying an additional 4,435 shares during the period. Tower Research Capital LLC TRC grew its position in FuelCell Energy by 638.2% during the second quarter. Tower Research Capital LLC TRC now owns 19,016 shares of the energy company's stock valued at $107,000 after buying an additional 16,440 shares during the period. Finally, PharVision Advisers LLC bought a new position in FuelCell Energy during the third quarter valued at about $107,000. 42.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FCEL shares. Weiss Ratings upgraded shares of FuelCell Energy from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, April 22nd. Jefferies Financial Group set a $7.20 price target on shares of FuelCell Energy and gave the company a "hold" rating in a research report on Tuesday, March 10th. Zacks Research lowered shares of FuelCell Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. Wall Street Zen lowered shares of FuelCell Energy from a "hold" rating to a "sell" rating in a research report on Friday, January 23rd. Finally, Wells Fargo & Company reduced their price target on shares of FuelCell Energy from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Tuesday, March 10th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $8.24.

FuelCell Energy Price Performance

NASDAQ FCEL opened at $13.00 on Friday. The company has a market cap of $688.74 million, a PE ratio of -1.88 and a beta of 1.41. FuelCell Energy, Inc. has a 52 week low of $3.58 and a 52 week high of $13.66. The company has a quick ratio of 6.51, a current ratio of 7.96 and a debt-to-equity ratio of 0.19. The firm's 50-day simple moving average is $7.92 and its two-hundred day simple moving average is $7.93.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings data on Monday, March 9th. The energy company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.16. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. The business had revenue of $30.53 million for the quarter, compared to the consensus estimate of $42.22 million. Research analysts predict that FuelCell Energy, Inc. will post -2.18 earnings per share for the current year.

About FuelCell Energy

FuelCell Energy, Inc NASDAQ: FCEL is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.

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