Allianz Asset Management GmbH Has $2.38 Million Stock Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

Allianz Asset Management GmbH increased its stake in FuelCell Energy, Inc. (NASDAQ:FCELFree Report) by 60.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,488,300 shares of the energy company’s stock after purchasing an additional 562,800 shares during the period. Allianz Asset Management GmbH owned approximately 0.33% of FuelCell Energy worth $2,381,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Catalyst Capital Advisors LLC raised its position in shares of 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 buying an additional 9,868 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in shares of FuelCell Energy by 97.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 26,454 shares of the energy company’s stock valued at $42,000 after purchasing an additional 13,084 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of FuelCell Energy by 39.1% in the 3rd quarter. Principal Financial Group Inc. now owns 60,516 shares of the energy company’s stock valued at $77,000 after purchasing an additional 17,014 shares during the last quarter. Fermata Advisors LLC raised its holdings in shares of FuelCell Energy by 355.5% during the 4th 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. Finally, RPO LLC bought a new stake in shares of FuelCell Energy during the 4th quarter worth $87,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Trading Down 5.5 %

FCEL opened at $0.87 on Friday. FuelCell Energy, Inc. has a 1-year low of $0.64 and a 1-year high of $2.94. The company has a current ratio of 8.26, a quick ratio of 6.35 and a debt-to-equity ratio of 0.17. The company has a market cap of $392.76 million, a P/E ratio of -3.22 and a beta of 3.56. The company’s 50 day moving average is $0.93 and its 200-day moving average is $1.16.

FuelCell Energy (NASDAQ:FCELGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The energy company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $16.69 million during the quarter, compared to analysts’ expectations of $25.74 million. During the same period in the prior year, the company earned ($0.05) EPS. FuelCell Energy’s revenue was down 55.0% compared to the same quarter last year. Equities research analysts predict that FuelCell Energy, Inc. will post -0.26 earnings per share for the current fiscal 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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