FuelCell Energy, Inc. (NASDAQ:FCEL) Stake Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,510,550 shares of the energy company’s stock after purchasing an additional 400,228 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in FuelCell Energy were worth $4,017,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Millburn Ridgefield Corp raised its position in shares of FuelCell Energy by 84.9% during the 3rd quarter. Millburn Ridgefield Corp now owns 21,490 shares of the energy company’s stock worth $28,000 after purchasing an additional 9,868 shares during the period. Catalyst Capital Advisors LLC grew its stake in FuelCell Energy by 84.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 21,490 shares of the energy company’s stock worth $28,000 after buying an additional 9,868 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in FuelCell Energy in the third quarter worth $32,000. Sei Investments Co. bought a new stake in FuelCell Energy in the first quarter valued at $34,000. Finally, Ameriprise Financial Inc. lifted its stake in FuelCell Energy by 50.6% in the third quarter. Ameriprise Financial Inc. now owns 27,487 shares of the energy company’s stock valued at $35,000 after buying an additional 9,235 shares during the last quarter. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Stock Down 2.0 %

FuelCell Energy stock opened at $1.00 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.35 and a current ratio of 8.26. FuelCell Energy, Inc. has a one year low of $0.98 and a one year high of $2.94. The company has a 50-day simple moving average of $1.18 and a 200-day simple moving average of $1.25. The firm has a market capitalization of $451.86 million, a P/E ratio of -3.70 and a beta of 3.76.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, March 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. FuelCell Energy had a negative net margin of 105.56% and a negative return on equity of 15.89%. The firm had revenue of $16.69 million during the quarter, compared to analyst estimates of $25.74 million. During the same period in the previous year, the business posted ($0.05) EPS. FuelCell Energy’s revenue was down 55.0% on a year-over-year basis. As a group, equities analysts expect that FuelCell Energy, Inc. will post -0.28 earnings per share for the current 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.