Mirae Asset Global Investments Co. Ltd. Purchases 266,052 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Mirae Asset Global Investments Co. Ltd. increased its position in FuelCell Energy, Inc. (NASDAQ:FCELGet Rating) by 40.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 916,894 shares of the energy company’s stock after purchasing an additional 266,052 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.25% of FuelCell Energy worth $5,281,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in FuelCell Energy by 5.3% in the 1st quarter. BlackRock Inc. now owns 34,347,765 shares of the energy company’s stock worth $197,842,000 after purchasing an additional 1,721,778 shares in the last quarter. State Street Corp raised its position in FuelCell Energy by 3.3% in the 1st quarter. State Street Corp now owns 9,123,184 shares of the energy company’s stock worth $52,550,000 after buying an additional 292,547 shares during the last quarter. Geode Capital Management LLC raised its position in FuelCell Energy by 16.4% in the 4th quarter. Geode Capital Management LLC now owns 6,457,697 shares of the energy company’s stock worth $33,580,000 after buying an additional 907,953 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in FuelCell Energy by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,675,877 shares of the energy company’s stock worth $15,414,000 after buying an additional 76,905 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in FuelCell Energy by 0.9% in the 1st quarter. Allianz Asset Management GmbH now owns 2,257,300 shares of the energy company’s stock worth $13,002,000 after buying an additional 19,235 shares during the last quarter. Institutional investors own 42.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Craig Hallum decreased their target price on FuelCell Energy from $6.00 to $3.00 and set a “hold” rating for the company in a research report on Friday, June 10th. KeyCorp reissued a “sector weight” rating on shares of FuelCell Energy in a research report on Thursday, June 2nd. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.00.

FuelCell Energy Price Performance

NASDAQ FCEL opened at $3.72 on Friday. FuelCell Energy, Inc. has a 52 week low of $2.87 and a 52 week high of $11.63. The firm has a market capitalization of $1.51 billion, a P/E ratio of -10.94 and a beta of 3.86. The company has a quick ratio of 6.20, a current ratio of 7.20 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $4.05 and a 200-day moving average price of $4.42.

FuelCell Energy (NASDAQ:FCELGet Rating) last released its earnings results on Thursday, September 8th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The firm had revenue of $43.10 million during the quarter, compared to analysts’ expectations of $35.16 million. FuelCell Energy had a negative return on equity of 15.26% and a negative net margin of 118.26%. The company’s revenue was up 60.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) earnings per share. Equities research analysts anticipate that FuelCell Energy, Inc. will post -0.34 earnings per share for the current year.

FuelCell Energy Profile

(Get Rating)

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications.

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Institutional Ownership by Quarter for FuelCell Energy (NASDAQ:FCEL)

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