Alliancebernstein L.P. Sells 1,898,383 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Alliancebernstein L.P. cut its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 97.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,467 shares of the energy company’s stock after selling 1,898,383 shares during the period. Alliancebernstein L.P. owned 0.21% of FuelCell Energy worth $393,000 as of its most recent SEC filing.

Separately, JPMorgan Chase & Co. raised its position in shares of FuelCell Energy by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company’s stock worth $207,000 after acquiring an additional 143,786 shares in the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Price Performance

Shares of FuelCell Energy stock opened at $3.89 on Monday. The firm has a market cap of $82.25 million, a PE ratio of -0.49 and a beta of 3.95. The business has a 50-day moving average price of $5.55 and a 200 day moving average price of $8.21. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. FuelCell Energy, Inc. has a twelve month low of $3.72 and a twelve month high of $30.90.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.10. The firm had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. During the same period last year, the company posted ($1.25) EPS. Sell-side analysts predict that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley decreased their price objective on FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.03.

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.