FuelCell Energy, Inc. (NASDAQ:FCEL) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 97.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,979 shares of the energy company's stock after selling 533,915 shares during the period. JPMorgan Chase & Co. owned about 0.06% of FuelCell Energy worth $108,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC lifted its position in shares of FuelCell Energy by 13.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company's stock worth $4,567,000 after purchasing an additional 1,466,442 shares during the last quarter. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut their price target on 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 analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.03.

FuelCell Energy Trading Down 6.7 %

Shares of FuelCell Energy stock opened at $3.76 on Tuesday. The company has a fifty day simple moving average of $4.80 and a 200-day simple moving average of $7.73. FuelCell Energy, Inc. has a 12-month low of $3.67 and a 12-month high of $30.90. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20. The stock has a market cap of $85.41 million, a price-to-earnings ratio of -0.48 and a beta of 4.08.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, beating 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 company had revenue of $19.00 million during the quarter, compared to the consensus estimate of $35.37 million. During the same quarter in the prior year, the firm posted ($1.25) earnings per share. On average, equities analysts forecast that FuelCell Energy, Inc. will post -6.11 EPS 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.

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