Robecosam AG Buys 250,000 Shares of FuelCell Energy, Inc. (FCEL)
Robecosam AG boosted its stake in FuelCell Energy, Inc. (NASDAQ:FCEL) by 35.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 950,000 shares of the energy company’s stock after acquiring an additional 250,000 shares during the period. Robecosam AG owned 1.59% of FuelCell Energy worth $1,226,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. KBC Group NV increased its position in FuelCell Energy by 36.8% in the 1st quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock valued at $119,000 after acquiring an additional 23,231 shares during the period. LMR Partners LLP acquired a new position in FuelCell Energy in the 2nd quarter valued at about $142,000. Bank of New York Mellon Corp increased its position in FuelCell Energy by 13.3% in the 1st quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock valued at $170,000 after acquiring an additional 14,521 shares during the period. Goldman Sachs Group Inc. increased its position in FuelCell Energy by 90.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after acquiring an additional 65,392 shares during the period. Finally, CNA Financial Corp increased its position in FuelCell Energy by 300.0% in the 2nd quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock valued at $257,000 after acquiring an additional 155,367 shares during the period. Hedge funds and other institutional investors own 13.99% of the company’s stock.
Shares of FuelCell Energy, Inc. (NASDAQ FCEL) traded down 0.92% during midday trading on Friday, reaching $2.15. The company’s stock had a trading volume of 1,056,880 shares. FuelCell Energy, Inc. has a 1-year low of $0.80 and a 1-year high of $5.40. The company’s market capitalization is $132.19 million. The stock has a 50 day moving average of $1.73 and a 200-day moving average of $1.42.
FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Thursday, September 7th. The energy company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.08). FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The firm had revenue of $10.36 million during the quarter, compared to analyst estimates of $16.78 million. During the same quarter in the previous year, the business posted ($0.38) EPS. FuelCell Energy’s revenue for the quarter was down 52.3% compared to the same quarter last year. On average, equities research analysts anticipate that FuelCell Energy, Inc. will post ($1.20) earnings per share for the current year.
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A number of equities research analysts have weighed in on the company. FBR & Co reaffirmed a “hold” rating on shares of FuelCell Energy in a report on Tuesday, September 5th. Roth Capital reaffirmed a “neutral” rating and issued a $1.50 price objective on shares of FuelCell Energy in a report on Tuesday, September 12th. CIBC assumed coverage on FuelCell Energy in a report on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price objective on the stock. Zacks Investment Research lowered FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. assumed coverage on FuelCell Energy in a report on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $2.90.
FuelCell Energy Profile
Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.
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