FuelCell Energy, Inc. (NASDAQ:FCEL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL) by 130.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,576,467 shares of the energy company’s stock after purchasing an additional 1,456,826 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.57% of FuelCell Energy worth $4,122,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FCEL. Vanguard Group Inc. raised its holdings in shares of FuelCell Energy by 7.5% during the third quarter. Vanguard Group Inc. now owns 40,976,982 shares of the energy company’s stock valued at $52,451,000 after acquiring an additional 2,873,655 shares during the last quarter. Invesco Ltd. raised its holdings in shares of FuelCell Energy by 33.0% during the third quarter. Invesco Ltd. now owns 7,579,525 shares of the energy company’s stock valued at $9,702,000 after acquiring an additional 1,880,397 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of FuelCell Energy by 146.3% during the third quarter. SG Americas Securities LLC now owns 2,766,631 shares of the energy company’s stock valued at $3,541,000 after acquiring an additional 1,643,352 shares during the last quarter. Caxton Associates LP acquired a new position in shares of FuelCell Energy during the third quarter valued at approximately $598,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of FuelCell Energy by 19.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,510,550 shares of the energy company’s stock valued at $4,017,000 after acquiring an additional 400,228 shares during the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Price Performance

NASDAQ:FCEL opened at $0.81 on Tuesday. FuelCell Energy, Inc. has a one year low of $0.79 and a one year high of $2.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.35 and a current ratio of 8.26. The stock has a market cap of $367.45 million, a PE ratio of -3.01 and a beta of 3.76. The stock has a 50 day moving average price of $1.15 and a 200 day moving average price of $1.24.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Thursday, March 7th. The energy company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. FuelCell Energy had a negative return on equity of 15.89% and a negative net margin of 105.56%. The firm had revenue of $16.69 million during the quarter, compared to analysts’ expectations of $25.74 million. During the same quarter last year, the firm earned ($0.05) earnings per share. The business’s revenue for the quarter was down 55.0% on a year-over-year basis. Equities research analysts expect that FuelCell Energy, Inc. will post -0.26 EPS for the current fiscal year.

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.