Marshall Wace LLP Takes Position 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 the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FCEL. Geode Capital Management LLC boosted its position in shares of 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 valued at $4,567,000 after purchasing an additional 1,466,442 shares during the period. Federated Hermes Inc. purchased a new position in shares of FuelCell Energy during the 4th quarter worth approximately $1,357,000. JPMorgan Chase & Co. increased its holdings in shares of FuelCell Energy by 35.8% in the 3rd 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 in the last quarter. Aristides Capital LLC acquired a new stake in shares of FuelCell Energy during the 4th quarter valued at approximately $170,000. Finally, ExodusPoint Capital Management LP purchased a new stake in FuelCell Energy in the 4th quarter valued at approximately $112,000. Hedge funds and other institutional investors own 42.78% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley decreased their price target on shares of 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 issued a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $10.03.

FuelCell Energy Price Performance

Shares of FCEL stock traded up $0.02 during trading hours on Tuesday, hitting $3.78. The company had a trading volume of 162,951 shares, compared to its average volume of 1,293,695. The firm's fifty day moving average is $4.80 and its 200 day moving average is $7.73. FuelCell Energy, Inc. has a 12 month low of $3.67 and a 12 month high of $30.90. The firm has a market capitalization of $85.86 million, a price-to-earnings ratio of -0.48 and a beta of 4.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01.

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

About FuelCell Energy

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.