Wells Fargo & Company MN Sells 265,552 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Wells Fargo & Company MN lowered its position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) by 96.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,112 shares of the energy company's stock after selling 265,552 shares during the quarter. Wells Fargo & Company MN owned approximately 0.05% of FuelCell Energy worth $100,000 at the end of the most recent quarter.

Separately, ExodusPoint Capital Management LP bought a new position in FuelCell Energy in the fourth quarter valued at approximately $112,000. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

FuelCell Energy Price Performance

Shares of NASDAQ:FCEL traded down $0.04 during midday trading on Friday, hitting $4.02. The stock had a trading volume of 286,846 shares, compared to its average volume of 1,248,343. The company's 50-day moving average price is $4.50 and its 200-day moving average price is $7.44. The company has a market capitalization of $91.20 million, a P/E ratio of -0.51 and a beta of 4.08. 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, 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 released its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.52) by $0.10. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The business had revenue of $19.00 million during the quarter, compared to analysts' expectations of $35.37 million. During the same period in the prior year, the company earned ($1.25) EPS. As a group, equities research analysts predict that FuelCell Energy, Inc. will post -6.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.