FuelCell Energy, Inc. (NASDAQ:FCEL) Position Trimmed by Tower Research Capital LLC TRC

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FCEL. Canada Pension Plan Investment Board bought a new position in FuelCell Energy in the 4th quarter valued at about $30,000. ExodusPoint Capital Management LP acquired a new stake in shares of FuelCell Energy in the 4th quarter worth approximately $112,000. Aristides Capital LLC bought a new position in shares of FuelCell Energy in the fourth quarter valued at approximately $170,000. Marshall Wace LLP bought a new position in shares of FuelCell Energy in the fourth quarter valued at approximately $860,000. Finally, JPMorgan Chase & Co. increased its stake 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 acquiring an additional 143,786 shares during the period. 42.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley cut their target price 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 assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $10.03.

FuelCell Energy Price Performance

Shares of NASDAQ:FCEL traded up $0.07 on Friday, reaching $4.12. 1,850,810 shares of the company traded hands, compared to its average volume of 1,254,435. The stock has a market capitalization of $93.59 million, a PE ratio of -0.52 and a beta of 4.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48. The company's 50 day moving average is $4.50 and its 200-day moving average is $7.44. FuelCell Energy, Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $30.90.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.10. The firm had revenue of $19.00 million for the quarter, compared to the consensus estimate of $35.37 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same quarter in the previous year, the company earned ($1.25) EPS. As a group, analysts anticipate that FuelCell Energy, Inc. will post -6.11 earnings per share 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.