Atria Wealth Solutions Inc. Decreases Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

Atria Wealth Solutions Inc. lowered its stake in FuelCell Energy, Inc. (NASDAQ:FCEL) by 94.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,568 shares of the energy company’s stock after selling 323,607 shares during the quarter. Atria Wealth Solutions Inc. owned about 0.09% of FuelCell Energy worth $159,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of FCEL. Geode Capital Management LLC lifted its holdings in FuelCell Energy by 13.9% in the 3rd quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company’s stock worth $4,567,000 after buying an additional 1,466,442 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of FuelCell Energy by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company’s stock worth $1,512,000 after acquiring an additional 216,539 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of FuelCell Energy by 139.6% in the third quarter. Penserra Capital Management LLC now owns 3,716,131 shares of the energy company’s stock worth $1,412,000 after acquiring an additional 2,165,316 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in FuelCell Energy by 4.2% in the third quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock valued at $208,000 after purchasing an additional 22,153 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in FuelCell Energy by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company’s stock valued at $207,000 after purchasing an additional 143,786 shares during the last quarter. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

FuelCell Energy Stock Performance

FuelCell Energy stock opened at $5.77 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48. FuelCell Energy, Inc. has a 12 month low of $5.45 and a 12 month high of $39.00. The company has a fifty day moving average price of $8.75 and a two-hundred day moving average price of $10.23. The company has a market cap of $122.00 million, a PE ratio of -0.73 and a beta of 3.36.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $12.00 target price on shares of FuelCell Energy in a research report on Friday, December 20th. TD Cowen upped their price target on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a report on Friday, December 20th. StockNews.com initiated coverage on shares of FuelCell Energy in a research note on Tuesday, November 12th. They set a “sell” rating on the stock. Wells Fargo & Company dropped their target price on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group reduced their price target on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, FuelCell Energy presently has a consensus rating of “Hold” and a consensus price target of $10.23.

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.