Charles Schwab Investment Management Inc. Grows Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

Charles Schwab Investment Management Inc. grew its holdings in FuelCell Energy, Inc. (NASDAQ:FCELFree Report) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,571,508 shares of the energy company’s stock after buying an additional 430,184 shares during the period. Charles Schwab Investment Management Inc. owned 0.79% of FuelCell Energy worth $5,714,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Catalyst Capital Advisors LLC raised its holdings in FuelCell Energy by 84.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 21,490 shares of the energy company’s stock valued at $28,000 after acquiring an additional 9,868 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of FuelCell Energy in the third quarter valued at approximately $32,000. Fermata Advisors LLC lifted its position in FuelCell Energy by 355.5% during the fourth quarter. Fermata Advisors LLC now owns 53,387 shares of the energy company’s stock worth $85,000 after buying an additional 41,667 shares in the last quarter. Principal Financial Group Inc. boosted its stake in FuelCell Energy by 39.1% during the third quarter. Principal Financial Group Inc. now owns 60,516 shares of the energy company’s stock worth $77,000 after buying an additional 17,014 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in FuelCell Energy by 22.5% in the 4th quarter. Victory Capital Management Inc. now owns 60,575 shares of the energy company’s stock valued at $97,000 after buying an additional 11,109 shares in the last quarter. 42.78% of the stock is owned by hedge funds and other institutional investors.

FuelCell Energy Stock Up 11.3 %

Shares of FCEL opened at $1.00 on Tuesday. FuelCell Energy, Inc. has a 52-week low of $0.64 and a 52-week high of $2.94. The company has a quick ratio of 6.35, a current ratio of 8.26 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $0.95 and a two-hundred day simple moving average of $1.17. The company has a market capitalization of $451.59 million, a PE ratio of -3.70 and a beta of 3.83.

FuelCell Energy (NASDAQ:FCELGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $16.69 million during the quarter, compared to analysts’ expectations of $25.74 million. FuelCell Energy had a negative net margin of 105.56% and a negative return on equity of 15.89%. FuelCell Energy’s revenue was down 55.0% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share. As a group, equities analysts forecast that FuelCell Energy, Inc. will post -0.26 EPS for the current year.

FuelCell Energy Profile

(Free Report)

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.

See Also

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

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