Price T Rowe Associates Inc. MD Has $229,000 Stock Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

Price T Rowe Associates Inc. MD trimmed its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 95.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 25,257 shares of the energy company's stock after selling 565,140 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.12% of FuelCell Energy worth $229,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of FuelCell Energy by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock worth $207,000 after buying an additional 143,786 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of FuelCell Energy during the 4th quarter worth $1,357,000. Marshall Wace LLP bought a new stake in shares of FuelCell Energy during the 4th quarter worth $860,000. Aristides Capital LLC bought a new stake in shares of FuelCell Energy during the 4th quarter worth $170,000. Finally, ExodusPoint Capital Management LP bought a new stake in shares of FuelCell Energy during the 4th quarter worth $112,000. 42.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, B. Riley dropped their price objective on FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, FuelCell Energy presently has an average rating of "Hold" and an average target price of $10.03.

FuelCell Energy Trading Up 8.5%

FuelCell Energy stock traded up $0.36 during trading hours on Thursday, hitting $4.58. The stock had a trading volume of 1,000,267 shares, compared to its average volume of 1,247,090. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. The stock has a market cap of $104.03 million, a price-to-earnings ratio of -0.58 and a beta of 4.08. FuelCell Energy, Inc. has a one year low of $3.58 and a one year high of $30.90. The business's 50 day simple moving average is $4.30 and its 200-day simple moving average is $7.23.

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

FuelCell Energy Company 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.