FuelCell Energy (NASDAQ:FCEL) Stock Price Up 1.1%

FuelCell Energy, Inc. (NASDAQ:FCEL) rose 1.1% during trading on Friday . The company traded as high as $0.43 and last traded at $0.42. Approximately 3,581,847 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 32,520,951 shares. The stock had previously closed at $0.42.

Analysts Set New Price Targets

FCEL has been the subject of a number of recent research reports. B. Riley upgraded FuelCell Energy to a “hold” rating in a research note on Tuesday, June 25th. UBS Group cut their target price on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a research note on Tuesday, August 6th.

FuelCell Energy Stock Down 3.4 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 6.55 and a quick ratio of 4.80. The firm has a 50 day simple moving average of $0.54 and a 200-day simple moving average of $0.84. The stock has a market capitalization of $201.20 million, a price-to-earnings ratio of -1.62 and a beta of 3.90.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings data on Monday, June 10th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. FuelCell Energy had a negative return on equity of 15.66% and a negative net margin of 123.30%. The firm had revenue of $22.42 million during the quarter, compared to analyst estimates of $22.12 million. During the same period in the prior year, the company posted ($0.09) earnings per share. On average, sell-side analysts forecast that FuelCell Energy, Inc. will post -0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FCEL. Algert Global LLC bought a new stake in shares of FuelCell Energy during the second quarter worth $29,000. AQR Capital Management LLC grew its holdings in shares of FuelCell Energy by 106.0% during the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock worth $33,000 after purchasing an additional 26,223 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of FuelCell Energy by 90.3% during the second quarter. Inspire Investing LLC now owns 565,014 shares of the energy company’s stock worth $361,000 after purchasing an additional 268,126 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of FuelCell Energy by 7.3% during the second quarter. Rhumbline Advisers now owns 859,359 shares of the energy company’s stock worth $549,000 after purchasing an additional 58,773 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of FuelCell Energy by 43.8% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 1,268,856 shares of the energy company’s stock worth $811,000 after purchasing an additional 386,751 shares during the last quarter. 42.78% of the stock is currently owned by institutional investors and hedge funds.

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.