FuelCell Energy, Inc. $FCEL Stake Raised by Virtu Financial LLC

Virtu Financial LLC raised its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 75.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,655 shares of the energy company’s stock after acquiring an additional 36,910 shares during the period. Virtu Financial LLC owned approximately 0.16% of FuelCell Energy worth $626,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FCEL. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of FuelCell Energy by 31,021.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,516 shares of the energy company’s stock valued at $1,078,000 after purchasing an additional 147,042 shares in the last quarter. CenterBook Partners LP acquired a new position in FuelCell Energy during the 4th quarter valued at about $9,348,000. Legal & General Group Plc acquired a new position in FuelCell Energy during the 4th quarter valued at about $21,149,000. Northwestern Mutual Wealth Management Co. raised its position in shares of FuelCell Energy by 1,173,840.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 234,788 shares of the energy company’s stock worth $1,716,000 after buying an additional 234,768 shares in the last quarter. Finally, 683 Capital Management LLC bought a new stake in shares of FuelCell Energy during the 4th quarter worth about $877,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen reiterated a “hold” rating and issued a $16.00 price objective (up from $9.00) on shares of FuelCell Energy in a report on Tuesday, June 9th. KeyCorp restated a “sector weight” rating on shares of FuelCell Energy in a research report on Tuesday, June 9th. B. Riley Financial increased their price target on FuelCell Energy from $8.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. Jefferies Financial Group lifted their price target on FuelCell Energy from $7.20 to $16.00 and gave the company a “hold” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $15.04.

FuelCell Energy Stock Up 1.5%

FCEL stock opened at $24.39 on Tuesday. The firm has a market cap of $1.65 billion, a PE ratio of -3.71 and a beta of 2.42. FuelCell Energy, Inc. has a 12 month low of $3.78 and a 12 month high of $27.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 8.59 and a quick ratio of 7.20. The firm has a 50 day simple moving average of $16.75 and a 200 day simple moving average of $10.93.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Monday, June 8th. The energy company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.01). FuelCell Energy had a negative return on equity of 15.90% and a negative net margin of 132.41%.The business had revenue of $35.59 million during the quarter, compared to analyst estimates of $40.47 million. During the same quarter last year, the firm posted ($1.79) EPS. Equities research analysts forecast that FuelCell Energy, Inc. will post -1.84 earnings per share for the current fiscal year.

FuelCell Energy Company 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.