Barclays PLC lifted its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL – Get Rating) by 352.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,538,426 shares of the energy company's stock after purchasing an additional 1,977,523 shares during the period. Barclays PLC owned 0.63% of FuelCell Energy worth $8,656,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Parametrica Management Ltd bought a new stake in shares of FuelCell Energy during the 3rd quarter worth approximately $39,000. DekaBank Deutsche Girozentrale bought a new stake in shares of FuelCell Energy during the 3rd quarter worth approximately $442,000. Great West Life Assurance Co. Can bought a new stake in shares of FuelCell Energy during the 3rd quarter worth approximately $56,000. SG Americas Securities LLC raised its stake in shares of FuelCell Energy by 13.8% during the 3rd quarter. SG Americas Securities LLC now owns 1,263,971 shares of the energy company's stock worth $4,310,000 after purchasing an additional 153,727 shares in the last quarter. Finally, Symphony Financial Ltd. Co. bought a new stake in shares of FuelCell Energy during the 3rd quarter worth approximately $88,000. Institutional investors own 42.83% of the company's stock.
Get FuelCell Energy alerts:FuelCell Energy Stock Performance
Shares of NASDAQ FCEL opened at $3.43 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.76 and a quick ratio of 5.70. The stock's fifty day moving average price is $3.19 and its two-hundred day moving average price is $3.53. FuelCell Energy, Inc. has a one year low of $2.47 and a one year high of $7.33. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -9.03 and a beta of 3.61.
FuelCell Energy (NASDAQ:FCEL – Get Rating) last issued its quarterly earnings data on Tuesday, December 20th. The energy company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.04). FuelCell Energy had a negative net margin of 109.38% and a negative return on equity of 17.70%. The firm had revenue of $39.20 million during the quarter, compared to analyst estimates of $43.41 million. On average, equities analysts forecast that FuelCell Energy, Inc. will post -0.32 EPS for the current year.Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. B. Riley dropped their price target on FuelCell Energy from $5.00 to $4.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 21st. Jefferies Financial Group assumed coverage on FuelCell Energy in a research note on Wednesday, October 19th. They issued a "hold" rating and a $3.00 price target on the stock. Finally, UBS Group assumed coverage on FuelCell Energy in a research note on Tuesday, December 13th. They issued a "neutral" rating and a $3.85 price target on the stock. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, FuelCell Energy currently has a consensus rating of "Hold" and an average price target of $3.46.
About FuelCell Energy
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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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