Amundi Sells 582,800 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Amundi trimmed its stake in FuelCell Energy, Inc. (NASDAQ:FCEL) by 97.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,433 shares of the energy company’s stock after selling 582,800 shares during the quarter. Amundi owned approximately 0.08% of FuelCell Energy worth $149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in FuelCell Energy by 13.9% in the third quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company’s stock valued at $4,567,000 after acquiring an additional 1,466,442 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in FuelCell Energy by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company’s stock valued at $1,512,000 after acquiring an additional 216,539 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of FuelCell Energy by 139.6% during the 3rd quarter. Penserra Capital Management LLC now owns 3,716,131 shares of the energy company’s stock valued at $1,412,000 after buying an additional 2,165,316 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of FuelCell Energy by 4.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock valued at $208,000 after buying an additional 22,153 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of FuelCell Energy by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company’s stock valued at $207,000 after buying an additional 143,786 shares in the last quarter. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FCEL. Canaccord Genuity Group restated a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a research note on Friday, December 20th. UBS Group dropped their price target on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a research note on Tuesday, December 3rd. B. Riley dropped their price target on shares of FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Jefferies Financial Group lowered their target price on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research note on Friday, December 20th. Finally, TD Cowen raised their price target on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.03.

FuelCell Energy Stock Performance

FuelCell Energy stock opened at $5.14 on Friday. The firm’s fifty day moving average price is $7.31 and its 200-day moving average price is $9.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. The stock has a market cap of $108.68 million, a P/E ratio of -0.65 and a beta of 3.71. FuelCell Energy, Inc. has a fifty-two week low of $5.02 and a fifty-two week high of $37.20.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.10. The firm had revenue of $19.00 million for the quarter, compared to analysts’ expectations of $35.37 million. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. During the same quarter last year, the company posted ($1.25) EPS. On average, equities research analysts expect that FuelCell Energy, Inc. will post -6.11 earnings per share 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.