Marshall Wace LLP Invests $860,000 in FuelCell Energy, Inc. (NASDAQ:FCEL)

Marshall Wace LLP bought a new stake in FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 95,111 shares of the energy company's stock, valued at approximately $860,000. Marshall Wace LLP owned about 0.47% of FuelCell Energy as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ExodusPoint Capital Management LP acquired a new stake in shares of FuelCell Energy in the 4th quarter worth about $112,000. Aristides Capital LLC acquired a new stake in shares of FuelCell Energy in the fourth quarter valued at approximately $170,000. JPMorgan Chase & Co. raised its holdings 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 buying an additional 143,786 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of FuelCell Energy during the fourth quarter worth approximately $1,357,000. Finally, Geode Capital Management LLC grew its holdings in FuelCell Energy by 13.9% in the 3rd quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company's stock worth $4,567,000 after buying an additional 1,466,442 shares in the last quarter. Institutional investors and hedge funds own 42.78% of the company's stock.

Wall Street Analysts Forecast Growth

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 report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.03.

FuelCell Energy Price Performance

NASDAQ FCEL traded down $0.22 on Monday, reaching $3.82. 381,982 shares of the stock traded hands, compared to its average volume of 1,296,679. FuelCell Energy, Inc. has a 12 month low of $3.67 and a 12 month high of $30.90. 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 firm's fifty day simple moving average is $4.85 and its 200 day simple moving average is $7.77. The company has a market cap of $86.75 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 earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. During the same period in the previous year, the company earned ($1.25) earnings per share. As a group, research analysts predict 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.