Invesco Ltd. Has $4.04 Million Stock Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

Invesco Ltd. lowered its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 87.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 447,340 shares of the energy company's stock after selling 3,222,180 shares during the period. Invesco Ltd. owned about 2.19% of FuelCell Energy worth $4,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ExodusPoint Capital Management LP acquired a new position in shares of FuelCell Energy during the 4th quarter worth approximately $112,000. Aristides Capital LLC bought a new position in FuelCell Energy during the fourth quarter worth $170,000. JPMorgan Chase & Co. increased its holdings in shares of FuelCell Energy by 35.8% in 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 during the last quarter. Federated Hermes Inc. bought a new position in shares of FuelCell Energy in the fourth quarter valued at about $1,357,000. Finally, Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 1,466,442 shares during the period. 42.78% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Price Performance

NASDAQ FCEL traded down $0.02 during midday trading on Friday, hitting $4.06. The company had a trading volume of 210,888 shares, compared to its average volume of 1,303,776. The company has a market capitalization of $85.76 million, a PE ratio of -0.51 and a beta of 3.95. FuelCell Energy, Inc. has a twelve month low of $3.67 and a twelve 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 firm has a 50-day moving average price of $4.90 and a 200-day moving average price of $7.84.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) EPS for the quarter, beating analysts' consensus estimates of ($1.52) by $0.10. The business had revenue of $19.00 million during the quarter, compared to the consensus estimate 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 previous year, the firm earned ($1.25) earnings per share. As a group, analysts anticipate that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley reduced their price target on FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating for the company in a research note 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. According to MarketBeat, FuelCell Energy has a consensus rating of "Hold" and an average price target of $10.03.

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.