Squarepoint Ops LLC Takes $99,000 Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

Squarepoint Ops LLC acquired a new stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,938 shares of the energy company’s stock, valued at approximately $99,000. Squarepoint Ops LLC owned 0.05% of FuelCell Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC bought a new position in shares of FuelCell Energy during the fourth quarter valued at approximately $444,000. Canada Pension Plan Investment Board bought a new position in shares of FuelCell Energy during the fourth quarter valued at approximately $30,000. Marshall Wace LLP bought a new position in shares of FuelCell Energy during the fourth quarter valued at approximately $860,000. Federated Hermes Inc. bought a new position in shares of FuelCell Energy during the fourth quarter valued at approximately $1,357,000. Finally, Aristides Capital LLC bought a new position in shares of FuelCell Energy during the fourth quarter valued at approximately $170,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Stock Performance

NASDAQ:FCEL opened at $7.47 on Tuesday. 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 1 year low of $3.58 and a 1 year high of $30.90. The stock’s 50 day simple moving average is $4.47 and its two-hundred day simple moving average is $7.04. The company has a market cap of $169.68 million, a price-to-earnings ratio of -0.94 and a beta of 4.12.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Friday, June 6th. The energy company reported ($1.79) EPS for the quarter, missing analysts’ consensus estimates of ($1.51) by ($0.28). The company had revenue of $37.41 million during the quarter, compared to analysts’ expectations of $32.42 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same quarter last year, the firm posted ($2.10) EPS. As a group, equities analysts anticipate that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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 investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, FuelCell Energy currently has an average rating of “Hold” and an average target price 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.