Federated Hermes Inc. Sells 66,962 Shares of FuelCell Energy, Inc. $FCEL

Federated Hermes Inc. reduced its stake in FuelCell Energy, Inc. (NASDAQ:FCEL) by 15.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 360,900 shares of the energy company’s stock after selling 66,962 shares during the period. Federated Hermes Inc. owned 1.12% of FuelCell Energy worth $2,815,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FCEL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of FuelCell Energy by 6.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company’s stock worth $1,877,000 after buying an additional 19,857 shares during the period. Engineers Gate Manager LP lifted its position in FuelCell Energy by 128.8% during the second quarter. Engineers Gate Manager LP now owns 40,277 shares of the energy company’s stock worth $226,000 after acquiring an additional 22,672 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in FuelCell Energy during the second quarter worth approximately $216,000. Rhumbline Advisers boosted its holdings in shares of FuelCell Energy by 21.1% during the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after acquiring an additional 5,585 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of FuelCell Energy in the second quarter valued at approximately $122,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

Insiders Place Their Bets

In other FuelCell Energy news, Director Betsy B. Bingham sold 8,608 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $8.52, for a total value of $73,340.16. The sale was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is owned by insiders.

FuelCell Energy Trading Up 5.0%

FCEL opened at $7.72 on Wednesday. The stock has a market capitalization of $368.55 million, a price-to-earnings ratio of -0.98 and a beta of 1.32. The company has a quick ratio of 5.36, a current ratio of 6.63 and a debt-to-equity ratio of 0.17. FuelCell Energy, Inc. has a twelve month low of $3.58 and a twelve month high of $11.99. The company has a 50-day simple moving average of $8.17 and a 200 day simple moving average of $7.19.

FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Thursday, December 18th. The energy company reported ($0.83) EPS for the quarter, beating the consensus estimate of ($0.97) by $0.14. FuelCell Energy had a negative net margin of 118.80% and a negative return on equity of 18.85%. The firm had revenue of $55.02 million for the quarter, compared to analyst estimates of $47.23 million. During the same period last year, the firm earned ($1.99) EPS. Analysts predict that FuelCell Energy, Inc. will post -6.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Canaccord Genuity Group reissued a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a report on Friday, December 19th. Zacks Research cut FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. KeyCorp reissued a “sector weight” rating on shares of FuelCell Energy in a research report on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of FuelCell Energy in a research note on Monday, December 29th. Finally, TD Cowen lifted their price objective on shares of FuelCell Energy from $7.00 to $9.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $9.06.

FuelCell Energy Profile

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.