First Trust Advisors LP Acquires 66,418 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

First Trust Advisors LP increased its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL – Get Rating) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,577,073 shares of the energy company’s stock after buying an additional 66,418 shares during the period. First Trust Advisors LP owned 0.64% of FuelCell Energy worth $8,788,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Blueshift Asset Management LLC bought a new position in shares of FuelCell Energy in the third quarter worth $146,000. Barclays PLC lifted its holdings in shares of FuelCell Energy by 352.6% in the third quarter. Barclays PLC now owns 2,538,426 shares of the energy company’s stock worth $8,656,000 after buying an additional 1,977,523 shares in the last quarter. MQS Management LLC purchased a new stake in shares of FuelCell Energy in the third quarter worth about $126,000. Great West Life Assurance Co. Can bought a new position in shares of FuelCell Energy in the third quarter valued at approximately $56,000. Finally, Penserra Capital Management LLC grew its stake in FuelCell Energy by 19.2% during the third quarter. Penserra Capital Management LLC now owns 733,015 shares of the energy company’s stock valued at $2,499,000 after acquiring an additional 117,870 shares in the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

FuelCell Energy Price Performance

Shares of NASDAQ:FCEL opened at $3.10 on Monday. FuelCell Energy, Inc. has a one year low of $2.47 and a one year high of $7.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.76 and a quick ratio of 5.70. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -9.69 and a beta of 3.73. The company’s fifty day moving average price is $3.39 and its 200-day moving average price is $3.42.

FuelCell Energy (NASDAQ:FCEL – Get Rating) last announced its quarterly earnings data on Thursday, March 9th. The energy company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. FuelCell Energy had a negative return on equity of 17.36% and a negative net margin of 88.92%. The company had revenue of $37.10 million for the quarter, compared to analysts’ expectations of $25.24 million. During the same period last year, the firm posted ($0.04) EPS. FuelCell Energy’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, equities research analysts anticipate that FuelCell Energy, Inc. will post -0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FCEL has been the subject of several analyst reports. UBS Group assumed coverage on shares of FuelCell Energy in a report on Tuesday, December 13th. They issued a “neutral” rating and a $3.85 price target for the company. B. Riley dropped their price objective on FuelCell Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, December 21st. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.46.

About FuelCell Energy

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FuelCell Energy, Inc engages in the development, design, production, construction and servicing of high temperature fuel cells for clean electric power generation. It develops turn-key distributed power generation solutions and provides comprehensive services for the life of the power plant. The firm’s fuel cell solution is an alternative to traditional combustion-based power generation and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines.