Tower Research Capital LLC TRC Trims Stake in FuelCell Energy, Inc. (NASDAQ:FCEL)

Tower Research Capital LLC TRC reduced its position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 96.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,504 shares of the energy company's stock after selling 166,640 shares during the period. Tower Research Capital LLC TRC's holdings in FuelCell Energy were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in 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 period. ExodusPoint Capital Management LP acquired a new stake in FuelCell Energy in the fourth quarter valued at $112,000. Aristides Capital LLC acquired a new stake in FuelCell Energy in the fourth quarter valued at $170,000. Federated Hermes Inc. acquired a new stake in FuelCell Energy in the fourth quarter valued at $1,357,000. Finally, Marshall Wace LLP acquired a new stake in FuelCell Energy in the fourth quarter valued at $860,000. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

FuelCell Energy Stock Performance

FCEL stock traded up $0.07 during trading on Friday, hitting $4.12. The company had a trading volume of 1,850,810 shares, compared to its average volume of 1,255,687. The firm has a market cap of $93.59 million, a PE ratio of -0.52 and a beta of 4.08. FuelCell Energy, Inc. has a 1-year low of $3.58 and a 1-year high of $30.90. The firm has a 50-day moving average price of $4.45 and a 200-day moving average price of $7.36. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $35.37 million. During the same quarter in the previous year, the firm posted ($1.25) EPS. On average, analysts expect that FuelCell Energy, Inc. will post -6.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut their target price on FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.03.

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.