Quantbot Technologies LP Makes New Investment in FuelCell Energy, Inc. (NASDAQ:FCEL)

Quantbot Technologies LP acquired a new position in shares of FuelCell Energy, Inc. (NASDAQ:FCELFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 121,076 shares of the energy company’s stock, valued at approximately $155,000.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of FuelCell Energy by 7.4% during the 2nd quarter. BlackRock Inc. now owns 42,420,849 shares of the energy company’s stock worth $91,629,000 after purchasing an additional 2,931,647 shares in the last quarter. Vanguard Group Inc. boosted its stake in FuelCell Energy by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 34,242,401 shares of the energy company’s stock valued at $116,766,000 after buying an additional 1,902,915 shares in the last quarter. State Street Corp boosted its stake in FuelCell Energy by 3.6% in the 1st quarter. State Street Corp now owns 13,302,334 shares of the energy company’s stock valued at $37,912,000 after buying an additional 465,165 shares in the last quarter. Geode Capital Management LLC boosted its stake in FuelCell Energy by 6.8% in the 2nd quarter. Geode Capital Management LLC now owns 8,714,090 shares of the energy company’s stock valued at $18,822,000 after buying an additional 552,669 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in FuelCell Energy by 15.2% in the 4th quarter. Legal & General Group Plc now owns 7,472,349 shares of the energy company’s stock valued at $20,773,000 after buying an additional 988,556 shares in the last quarter. Institutional investors and hedge funds own 47.90% of the company’s stock.

FuelCell Energy Price Performance

Shares of FCEL stock opened at $1.37 on Monday. The stock’s fifty day simple moving average is $1.36 and its 200 day simple moving average is $1.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 7.23 and a quick ratio of 5.95. The firm has a market cap of $618.97 million, a price-to-earnings ratio of -5.07 and a beta of 3.79. FuelCell Energy, Inc. has a one year low of $0.98 and a one year high of $4.02.

FuelCell Energy (NASDAQ:FCELGet Free Report) last issued its quarterly earnings data on Tuesday, December 19th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.01. FuelCell Energy had a negative return on equity of 15.76% and a negative net margin of 87.17%. The firm had revenue of $225.00 million during the quarter, compared to the consensus estimate of $25.02 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The business’s revenue for the quarter was up 474.0% compared to the same quarter last year. On average, analysts expect that FuelCell Energy, Inc. will post -0.29 earnings per share for the current fiscal year.

FuelCell Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for FuelCell Energy (NASDAQ:FCEL)

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