Wealth Enhancement Advisory Services LLC Sells 4,769 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Wealth Enhancement Advisory Services LLC lessened its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL) by 16.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,737 shares of the energy company’s stock after selling 4,769 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.11% of FuelCell Energy worth $215,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FCEL. Federated Hermes Inc. bought a new position in shares of FuelCell Energy in the 4th quarter valued at about $1,357,000. Marshall Wace LLP bought a new position in shares of FuelCell Energy in the 4th quarter valued at about $860,000. Susquehanna Fundamental Investments LLC bought a new position in shares of FuelCell Energy in the 4th quarter valued at about $444,000. Connective Capital Management LLC bought a new position in shares of FuelCell Energy in the 4th quarter valued at about $202,000. Finally, Aristides Capital LLC bought a new position in shares of FuelCell Energy in the 4th quarter valued at about $170,000. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Stock Performance

Shares of NASDAQ:FCEL opened at $6.94 on Tuesday. The company has a market capitalization of $158.17 million, a price-to-earnings ratio of -0.88 and a beta of 4.12. The firm’s 50 day simple moving average is $4.70 and its 200 day simple moving average is $6.89. 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 fifty-two week low of $3.58 and a fifty-two week high of $24.90.

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

Analyst Upgrades and Downgrades

Separately, B. Riley cut their price target on shares of FuelCell Energy from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, FuelCell Energy has an average rating of “Hold” and an average price target of $9.86.

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.