Geode Capital Management LLC Reduces Stock Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

Geode Capital Management LLC decreased its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 96.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 464,853 shares of the energy company's stock after selling 11,549,390 shares during the period. Geode Capital Management LLC owned 2.27% of FuelCell Energy worth $4,203,000 at the end of the most recent reporting period.

Separately, JPMorgan Chase & Co. increased its stake in shares of FuelCell Energy by 35.8% during the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock valued at $207,000 after purchasing an additional 143,786 shares in the last quarter. Hedge funds and other institutional investors own 42.78% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price target on shares of FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $10.03.

FuelCell Energy Stock Performance

Shares of NASDAQ:FCEL traded up $0.17 during trading on Thursday, hitting $4.27. The stock had a trading volume of 337,262 shares, compared to its average volume of 1,304,916. The stock has a 50-day simple moving average of $4.95 and a two-hundred day simple moving average of $7.88. The stock has a market capitalization of $90.18 million, a price-to-earnings ratio of -0.54 and a beta of 3.95. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. FuelCell Energy, Inc. has a 12-month low of $3.67 and a 12-month high of $30.90.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued 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 return on equity of 18.58% and a negative net margin of 113.09%. The company had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. During the same period last year, the company earned ($1.25) earnings per share. On average, equities research analysts expect that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

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.