Charles Schwab Investment Management Inc. Has $1.51 Million Stake in FuelCell Energy, Inc. (NASDAQ:FCEL)

Charles Schwab Investment Management Inc. lowered its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL) by 95.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 167,318 shares of the energy company’s stock after selling 3,810,517 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.82% of FuelCell Energy worth $1,513,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 1,466,442 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of FuelCell Energy in the 3rd quarter worth about $90,000. JPMorgan Chase & Co. lifted its position in 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 acquiring an additional 143,786 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in 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 purchasing an additional 22,153 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in FuelCell Energy by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after purchasing an additional 5,150 shares during the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on FCEL shares. Jefferies Financial Group lowered their price objective on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a research note on Friday, December 20th. B. Riley lowered their price target on FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. TD Cowen lifted their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, December 20th. UBS Group reduced their target price on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a research 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.03.

FuelCell Energy Stock Performance

NASDAQ FCEL opened at $4.70 on Friday. The company has a market capitalization of $99.38 million, a PE ratio of -0.59 and a beta of 3.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. FuelCell Energy, Inc. has a 52-week low of $4.65 and a 52-week high of $37.20. The company has a 50-day simple moving average of $6.82 and a 200 day simple moving average of $9.23.

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

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.