DekaBank Deutsche Girozentrale bought a new position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 128,775 shares of the energy company's stock, valued at approximately $442,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp grew its position in FuelCell Energy by 26.1% during the first quarter. Mackenzie Financial Corp now owns 18,305 shares of the energy company's stock worth $105,000 after buying an additional 3,788 shares during the period. Van ECK Associates Corp lifted its holdings in shares of FuelCell Energy by 3.3% in the third quarter. Van ECK Associates Corp now owns 135,394 shares of the energy company's stock valued at $462,000 after purchasing an additional 4,320 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of FuelCell Energy by 18.1% in the third quarter. Private Advisor Group LLC now owns 30,051 shares of the energy company's stock valued at $102,000 after purchasing an additional 4,600 shares in the last quarter. Vident Investment Advisory LLC lifted its holdings in shares of FuelCell Energy by 9.6% in the first quarter. Vident Investment Advisory LLC now owns 58,303 shares of the energy company's stock valued at $336,000 after purchasing an additional 5,103 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of FuelCell Energy by 0.4% in the second quarter. Vontobel Holding Ltd. now owns 1,848,545 shares of the energy company's stock valued at $6,932,000 after purchasing an additional 7,962 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FCEL. UBS Group began coverage on shares of FuelCell Energy in a report on Tuesday, December 13th. They issued a "neutral" rating and a $3.85 price target on the stock. B. Riley reduced their price target on shares of FuelCell Energy from $5.00 to $4.00 and set a "neutral" rating on the stock in a report on Wednesday, December 21st. Finally, Jefferies Financial Group began coverage on shares of FuelCell Energy in a report on Wednesday, October 19th. They issued a "hold" rating and a $3.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, FuelCell Energy currently has a consensus rating of "Hold" and an average price target of $3.46.

FuelCell Energy Stock Performance

FuelCell Energy (NASDAQ:FCEL – Get Rating) last released its quarterly earnings data on Tuesday, December 20th. The energy company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). FuelCell Energy had a negative return on equity of 17.70% and a negative net margin of 109.38%. The business had revenue of $39.20 million during the quarter, compared to analyst estimates of $43.41 million. Analysts expect that FuelCell Energy, Inc. will post -0.32 EPS for the current year.

FuelCell Energy Profile

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FuelCell Energy, Inc engages in the development, design, production, construction and servicing of high temperature fuel cells for clean electric power generation. It develops turn-key distributed power generation solutions and provides comprehensive services for the life of the power plant. The firm's fuel cell solution is an alternative to traditional combustion-based power generation and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines.

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