Raymond James Financial Services Advisors Inc. Trims Stock Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

Raymond James Financial Services Advisors Inc. lowered its position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 52.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,218 shares of the energy company’s stock after selling 33,840 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in FuelCell Energy were worth $50,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FCEL. Catalyst Capital Advisors LLC increased its stake in shares of FuelCell Energy by 84.9% during the third quarter. Catalyst Capital Advisors LLC now owns 21,490 shares of the energy company’s stock valued at $28,000 after purchasing an additional 9,868 shares in the last quarter. Millburn Ridgefield Corp increased its position in FuelCell Energy by 84.9% during the 3rd quarter. Millburn Ridgefield Corp now owns 21,490 shares of the energy company’s stock valued at $28,000 after buying an additional 9,868 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in FuelCell Energy in the third quarter worth $32,000. Principal Financial Group Inc. boosted its holdings in FuelCell Energy by 39.1% in the third quarter. Principal Financial Group Inc. now owns 60,516 shares of the energy company’s stock worth $77,000 after acquiring an additional 17,014 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of FuelCell Energy by 11.3% in the third quarter. Commonwealth Equity Services LLC now owns 103,714 shares of the energy company’s stock worth $133,000 after acquiring an additional 10,492 shares during the last quarter. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Price Performance

FCEL opened at $0.87 on Friday. FuelCell Energy, Inc. has a 1 year low of $0.79 and a 1 year high of $2.94. The stock has a 50-day moving average price of $1.11 and a 200-day moving average price of $1.23. The firm has a market cap of $393.35 million, a PE ratio of -3.22 and a beta of 3.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 8.26 and a quick ratio of 6.35.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Thursday, March 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $16.69 million for the quarter, compared to the consensus estimate of $25.74 million. FuelCell Energy had a negative net margin of 105.56% and a negative return on equity of 15.89%. The business’s revenue was down 55.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Sell-side analysts predict that FuelCell Energy, Inc. will post -0.26 earnings per share for the current fiscal year.

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.