Inspire Investing LLC Buys 268,126 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

Inspire Investing LLC raised its stake in FuelCell Energy, Inc. (NASDAQ:FCEL) by 90.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 565,014 shares of the energy company’s stock after buying an additional 268,126 shares during the period. Inspire Investing LLC owned about 0.11% of FuelCell Energy worth $361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of FuelCell Energy by 22.5% in the fourth quarter. Victory Capital Management Inc. now owns 60,575 shares of the energy company’s stock worth $97,000 after acquiring an additional 11,109 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in FuelCell Energy by 13.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,571,508 shares of the energy company’s stock worth $5,714,000 after purchasing an additional 430,184 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of FuelCell Energy by 6.6% in the 4th quarter. BNP Paribas Financial Markets now owns 305,760 shares of the energy company’s stock worth $489,000 after purchasing an additional 18,844 shares during the period. RPO LLC bought a new stake in shares of FuelCell Energy in the 4th quarter valued at $87,000. Finally, Allianz Asset Management GmbH boosted its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Stock Performance

NASDAQ:FCEL opened at $0.43 on Friday. The firm has a market capitalization of $214.62 million, a P/E ratio of -1.73 and a beta of 3.87. FuelCell Energy, Inc. has a twelve month low of $0.37 and a twelve month high of $1.84. The company has a fifty day moving average of $0.48 and a 200-day moving average of $0.76. The company has a quick ratio of 4.97, a current ratio of 6.91 and a debt-to-equity ratio of 0.18.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, September 5th. The energy company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $23.70 million for the quarter, compared to analyst estimates of $23.22 million. FuelCell Energy had a negative net margin of 135.76% and a negative return on equity of 17.02%. During the same quarter in the prior year, the business earned ($0.06) earnings per share. As a group, sell-side analysts anticipate that FuelCell Energy, Inc. will post -0.25 EPS for the current year.

Analyst Ratings Changes

FCEL has been the topic of several recent analyst reports. B. Riley upgraded shares of FuelCell Energy to a “hold” rating in a report on Tuesday, June 25th. Canaccord Genuity Group lowered their price objective on FuelCell Energy from $1.50 to $1.25 and set a “hold” rating for the company in a research report on Friday, September 6th. Finally, UBS Group cut their target price on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th.

About FuelCell Energy

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.