Quadrature Capital Ltd Buys New Stake in FuelCell Energy, Inc. (NASDAQ:FCEL)

Quadrature Capital Ltd purchased a new stake in FuelCell Energy, Inc. (NASDAQ:FCEL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,583 shares of the energy company’s stock, valued at approximately $79,000.

Other hedge funds have also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft boosted its holdings in FuelCell Energy by 97.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 26,454 shares of the energy company’s stock valued at $42,000 after purchasing an additional 13,084 shares during the period. Aristides Capital LLC bought a new position in shares of FuelCell Energy during the 4th quarter worth about $48,000. Fermata Advisors LLC lifted its holdings in FuelCell Energy by 355.5% during the 4th quarter. Fermata Advisors LLC now owns 53,387 shares of the energy company’s stock valued at $85,000 after purchasing an additional 41,667 shares during the last quarter. RPO LLC acquired a new stake in FuelCell Energy in the 4th quarter valued at about $87,000. Finally, Victory Capital Management Inc. increased its position in FuelCell Energy by 22.5% in the 4th quarter. Victory Capital Management Inc. now owns 60,575 shares of the energy company’s stock valued at $97,000 after acquiring an additional 11,109 shares in the last quarter. 42.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley upgraded shares of FuelCell Energy to a “hold” rating in a research report on Tuesday.

FuelCell Energy Stock Performance

Shares of FCEL opened at $0.64 on Friday. 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, Inc. has a twelve month low of $0.61 and a twelve month high of $2.54. The firm’s 50 day moving average price is $0.83 and its two-hundred day moving average price is $1.11. The firm has a market cap of $317.52 million, a P/E ratio of -2.56 and a beta of 3.56.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Monday, June 10th. The energy company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $22.42 million for 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 previous year, the firm posted ($0.09) earnings per share. On average, analysts forecast that FuelCell Energy, Inc. will post -0.26 EPS for the current fiscal 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.