FuelCell Energy, Inc. (NASDAQ:FCEL) Stake Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 97.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,979 shares of the energy company's stock after selling 533,915 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.06% of FuelCell Energy worth $108,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC lifted its stake in FuelCell Energy by 13.9% in the third quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company's stock valued at $4,567,000 after buying an additional 1,466,442 shares during the last quarter. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Stock Performance

Shares of NASDAQ FCEL traded up $0.09 during midday trading on Friday, reaching $4.28. 964,399 shares of the company traded hands, compared to its average volume of 1,276,460. FuelCell Energy, Inc. has a 52 week low of $3.58 and a 52 week high of $30.90. The stock has a 50-day moving average price of $4.66 and a 200 day moving average price of $7.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48. The company has a market cap of $97.22 million, a price-to-earnings ratio of -0.54 and a beta of 4.08.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.10. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The firm had revenue of $19.00 million for the quarter, compared to analysts' expectations of $35.37 million. During the same period in the previous year, the business earned ($1.25) earnings per share. Sell-side analysts anticipate that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.