FuelCell Energy, Inc. (NASDAQ:FCEL) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL) by 156.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,708,109 shares of the energy company’s stock after purchasing an additional 2,873,171 shares during the period. SG Americas Securities LLC owned about 0.95% of FuelCell Energy worth $1,789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SageView Advisory Group LLC acquired a new position in FuelCell Energy in the first quarter worth approximately $41,000. Algert Global LLC bought a new stake in shares of FuelCell Energy during the 2nd quarter worth $29,000. Quadrature Capital Ltd acquired a new position in shares of FuelCell Energy in the 4th quarter worth $79,000. Ballentine Partners LLC acquired a new stake in shares of FuelCell Energy during the first quarter worth $59,000. Finally, AQR Capital Management LLC lifted its holdings in shares of FuelCell Energy by 106.0% during the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after purchasing an additional 26,223 shares during the last quarter. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Stock Down 2.4 %

Shares of FuelCell Energy stock opened at $0.35 on Wednesday. The company has a current ratio of 6.91, a quick ratio of 4.97 and a debt-to-equity ratio of 0.18. FuelCell Energy, Inc. has a 1 year low of $0.34 and a 1 year high of $1.84. The stock has a 50-day moving average price of $0.43 and a 200 day moving average price of $0.69. The company has a market cap of $173.97 million, a P/E ratio of -1.40 and a beta of 3.87.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Thursday, September 5th. The energy company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $23.70 million during the quarter, compared to analysts’ expectations of $23.22 million. FuelCell Energy had a negative net margin of 135.76% and a negative return on equity of 17.02%. During the same period last year, the company posted ($0.06) earnings per share. As a group, analysts expect that FuelCell Energy, Inc. will post -0.25 EPS for the current fiscal year.

Analysts Set New Price Targets

FCEL has been the topic of a number of analyst reports. Canaccord Genuity Group dropped their price target on FuelCell Energy from $1.50 to $1.25 and set a “hold” rating on the stock in a research note on Friday, September 6th. B. Riley upgraded shares of FuelCell Energy to a “hold” rating in a research report on Tuesday, June 25th. Finally, UBS Group decreased their price objective on shares of FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a research note on Tuesday, August 6th.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.