Healthcare of Ontario Pension Plan Trust Fund Boosts Stock Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in FuelCell Energy, Inc. (NASDAQ:FCEL) by 21.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,199,135 shares of the energy company’s stock after acquiring an additional 213,016 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.24% of FuelCell Energy worth $766,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in FuelCell Energy by 106.0% in the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock worth $33,000 after purchasing an additional 26,223 shares during the period. Fermata Advisors LLC boosted its position in shares of FuelCell Energy by 54.5% in the second quarter. Fermata Advisors LLC now owns 82,500 shares of the energy company’s stock valued at $53,000 after acquiring an additional 29,113 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in FuelCell Energy by 3.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 875,952 shares of the energy company’s stock valued at $1,042,000 after acquiring an additional 30,158 shares in the last quarter. SageView Advisory Group LLC bought a new stake in FuelCell Energy during the 1st quarter worth approximately $41,000. Finally, Algert Global LLC purchased a new stake in FuelCell Energy in the 2nd quarter worth approximately $29,000. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on FCEL. Canaccord Genuity Group reduced their price target on shares of FuelCell Energy from $1.50 to $1.25 and set a “hold” rating for the company in a research report on Friday, September 6th. UBS Group reduced their target price on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Finally, B. Riley raised FuelCell Energy to a “hold” rating in a report on Tuesday, June 25th.

FuelCell Energy Price Performance

Shares of NASDAQ:FCEL opened at $0.35 on Wednesday. The company’s fifty day moving average price is $0.43 and its 200-day moving average price is $0.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.91 and a quick ratio of 4.97. The firm has a market capitalization of $173.97 million, a price-to-earnings ratio of -1.40 and a beta of 3.87. FuelCell Energy, Inc. has a one year low of $0.34 and a one year high of $1.84.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Thursday, September 5th. The energy company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). FuelCell Energy had a negative return on equity of 17.02% and a negative net margin of 135.76%. The business had revenue of $23.70 million for the quarter, compared to the consensus estimate of $23.22 million. During the same quarter last year, the business posted ($0.06) earnings per share. On average, equities research analysts anticipate that FuelCell Energy, Inc. will post -0.25 earnings per share for the current fiscal 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.