FuelCell Energy, Inc. (NASDAQ:FCEL) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 7.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,976,982 shares of the energy company's stock after purchasing an additional 2,873,655 shares during the period. Vanguard Group Inc. owned approximately 9.07% of FuelCell Energy worth $52,451,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of FuelCell Energy by 146.3% in the 3rd quarter. SG Americas Securities LLC now owns 2,766,631 shares of the energy company's stock valued at $3,541,000 after acquiring an additional 1,643,352 shares during the last quarter. Swiss National Bank boosted its holdings in shares of FuelCell Energy by 1.2% in the 3rd quarter. Swiss National Bank now owns 894,000 shares of the energy company's stock valued at $1,144,000 after acquiring an additional 10,700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of FuelCell Energy by 8.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110,322 shares of the energy company's stock valued at $2,701,000 after acquiring an additional 168,224 shares during the last quarter. Caxton Associates LP acquired a new position in shares of FuelCell Energy in the 3rd quarter valued at $598,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of FuelCell Energy by 16.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 802,940 shares of the energy company's stock valued at $1,028,000 after purchasing an additional 113,485 shares during the period. 42.78% of the stock is owned by hedge funds and other institutional investors.

FuelCell Energy Stock Performance

Shares of FCEL traded up $0.06 during trading hours on Tuesday, hitting $1.21. The stock had a trading volume of 11,435,845 shares, compared to its average volume of 11,962,203. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.35 and a current ratio of 8.26. The firm has a 50-day moving average price of $1.20 and a 200 day moving average price of $1.25. FuelCell Energy, Inc. has a fifty-two week low of $0.98 and a fifty-two week high of $2.94.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its earnings results on Thursday, March 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. FuelCell Energy had a negative net margin of 105.56% and a negative return on equity of 15.89%. The firm had revenue of $16.69 million during the quarter, compared to analysts' expectations of $25.74 million. During the same period in the previous year, the business posted ($0.05) EPS. The business's revenue was down 55.0% compared to the same quarter last year. As a group, research analysts forecast that FuelCell Energy, Inc. will post -0.28 earnings per share for the current 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.