FuelCell Energy, Inc. (NASDAQ:FCEL) Holdings Decreased by Rhumbline Advisers

Rhumbline Advisers lessened its stake in FuelCell Energy, Inc. (NASDAQ:FCEL) by 96.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,427 shares of the energy company’s stock after selling 800,514 shares during the period. Rhumbline Advisers owned 0.13% of FuelCell Energy worth $239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC boosted its stake in shares of FuelCell Energy by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock worth $28,000 after acquiring an additional 5,150 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of FuelCell Energy by 4.2% during the third quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock worth $208,000 after purchasing an additional 22,153 shares during the period. Banque Cantonale Vaudoise lifted its holdings in shares of FuelCell Energy by 42.0% during the third quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock valued at $46,000 after purchasing an additional 36,120 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of FuelCell Energy by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company’s stock valued at $207,000 after purchasing an additional 143,786 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in FuelCell Energy by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company’s stock worth $1,512,000 after purchasing an additional 216,539 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Trading Up 7.0 %

Shares of NASDAQ:FCEL opened at $6.59 on Monday. The firm has a fifty day moving average of $8.30 and a two-hundred day moving average of $9.95. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. FuelCell Energy, Inc. has a 12-month low of $5.12 and a 12-month high of $37.20. The firm has a market capitalization of $139.34 million, a P/E ratio of -0.83 and a beta of 3.71.

Analyst Upgrades and Downgrades

A number of analysts have commented on FCEL shares. Jefferies Financial Group reduced their price objective on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a research note on Friday, December 20th. UBS Group reduced their price target on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a research report on Tuesday, December 3rd. StockNews.com started coverage on shares of FuelCell Energy in a research report on Tuesday, November 12th. They set a “sell” rating on the stock. TD Cowen increased their target price on FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a report on Friday, December 20th. Finally, Wells Fargo & Company decreased their target price on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.23.

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.