Zurcher Kantonalbank Zurich Cantonalbank Has $4.12 Million Stock Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 130.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,576,467 shares of the energy company's stock after purchasing an additional 1,456,826 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.57% of FuelCell Energy worth $4,122,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FCEL. Catalyst Capital Advisors LLC lifted its position in FuelCell Energy by 84.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 21,490 shares of the energy company's stock worth $28,000 after acquiring an additional 9,868 shares in the last quarter. Millburn Ridgefield Corp raised its stake in shares of FuelCell Energy by 84.9% in the 3rd quarter. Millburn Ridgefield Corp now owns 21,490 shares of the energy company's stock valued at $28,000 after purchasing an additional 9,868 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of FuelCell Energy during the third quarter worth about $32,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in FuelCell Energy in the third quarter worth about $62,000. Finally, Principal Financial Group Inc. increased its holdings in FuelCell Energy by 39.1% in the third quarter. Principal Financial Group Inc. now owns 60,516 shares of the energy company's stock valued at $77,000 after buying an additional 17,014 shares during the last quarter. 42.78% of the stock is owned by institutional investors and hedge funds.

FuelCell Energy Stock Performance

NASDAQ:FCEL traded up $0.11 during trading hours on Tuesday, reaching $0.92. 53,818,336 shares of the stock were exchanged, compared to its average volume of 13,880,302. The stock has a market capitalization of $415.12 million, a P/E ratio of -3.40 and a beta of 3.76. The firm has a 50 day simple moving average of $1.14 and a 200-day simple moving average of $1.24. The company has a quick ratio of 6.35, a current ratio of 8.26 and a debt-to-equity ratio of 0.17. FuelCell Energy, Inc. has a 52 week low of $0.79 and a 52 week high of $2.94.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The energy company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $25.74 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The firm's revenue was down 55.0% on a year-over-year basis. As a group, sell-side analysts forecast that FuelCell Energy, Inc. will post -0.26 earnings per share 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.