FuelCell Energy, Inc. (NASDAQ:FCEL) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 3.6% during the first quarter, Holdings Channel.com reports. The firm owned 875,952 shares of the energy company’s stock after acquiring an additional 30,158 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.19% of FuelCell Energy worth $1,042,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FCEL. PFG Investments LLC acquired a new position in shares of FuelCell Energy during the first quarter valued at about $40,000. Baader Bank Aktiengesellschaft boosted its holdings in FuelCell Energy by 97.9% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 26,454 shares of the energy company’s stock worth $42,000 after purchasing an additional 13,084 shares during the last quarter. Aristides Capital LLC purchased a new position in FuelCell Energy during the fourth quarter worth about $48,000. Ballentine Partners LLC purchased a new position in FuelCell Energy during the first quarter worth about $59,000. Finally, Quadrature Capital Ltd purchased a new position in FuelCell Energy during the fourth quarter worth about $79,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Stock Down 3.0 %

NASDAQ:FCEL traded down $0.01 on Tuesday, reaching $0.37. 21,508,861 shares of the stock traded hands, compared to its average volume of 30,887,166. The company has a current ratio of 6.91, a quick ratio of 4.97 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $0.39 and its 200 day simple moving average is $0.59. FuelCell Energy, Inc. has a 12 month low of $0.31 and a 12 month high of $1.84. The company has a market capitalization of $205.33 million, a price-to-earnings ratio of -1.46 and a beta of 3.91.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FCEL. Canaccord Genuity Group lowered their price target on shares of FuelCell Energy from $1.50 to $1.25 and set a “hold” rating on the stock in a research report on Friday, September 6th. UBS Group lowered their price target on shares of FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th.

FuelCell Energy 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.