Ballentine Partners LLC Invests $59,000 in FuelCell Energy, Inc. (NASDAQ:FCEL)

Ballentine Partners LLC bought a new position in FuelCell Energy, Inc. (NASDAQ:FCEL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 49,892 shares of the energy company’s stock, valued at approximately $59,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of FuelCell Energy by 7.5% in the third quarter. Vanguard Group Inc. now owns 40,976,982 shares of the energy company’s stock worth $52,451,000 after acquiring an additional 2,873,655 shares during the last quarter. Invesco Ltd. increased its stake in FuelCell Energy by 33.0% in the 3rd quarter. Invesco Ltd. now owns 7,579,525 shares of the energy company’s stock valued at $9,702,000 after buying an additional 1,880,397 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of FuelCell Energy by 130.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,576,467 shares of the energy company’s stock valued at $4,122,000 after buying an additional 1,456,826 shares during the period. Caxton Associates LP increased its position in FuelCell Energy by 212.0% during the fourth quarter. Caxton Associates LP now owns 1,457,980 shares of the energy company’s stock worth $2,333,000 after buying an additional 990,648 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in FuelCell Energy by 60.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,488,300 shares of the energy company’s stock valued at $2,381,000 after purchasing an additional 562,800 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Price Performance

FuelCell Energy stock opened at $0.64 on Friday. The firm has a 50 day moving average price of $0.84 and a 200 day moving average price of $1.12. The company has a market cap of $317.27 million, a price-to-earnings ratio of -2.55 and a beta of 3.56. FuelCell Energy, Inc. has a 1 year low of $0.62 and a 1 year high of $2.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.80 and a current ratio of 6.55.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Monday, June 10th. The energy company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. The business had revenue of $22.42 million during the quarter, compared to analyst estimates of $22.12 million. FuelCell Energy had a negative net margin of 123.30% and a negative return on equity of 15.66%. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. Sell-side analysts predict that FuelCell Energy, Inc. will post -0.26 earnings per share for the current year.

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.