ExodusPoint Capital Management LP Takes $112,000 Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

ExodusPoint Capital Management LP acquired a new position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 12,395 shares of the energy company’s stock, valued at approximately $112,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FCEL. JPMorgan Chase & Co. grew its holdings in FuelCell Energy by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company’s stock worth $207,000 after purchasing an additional 143,786 shares during the last quarter. Geode Capital Management LLC increased its position in FuelCell Energy by 13.9% during the 3rd 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. Finally, Charles Schwab Investment Management Inc. raised its stake in FuelCell Energy by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company’s stock valued at $1,512,000 after buying an additional 216,539 shares during the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.

Analyst Ratings Changes

FCEL has been the topic of several recent analyst reports. Jefferies Financial Group cut their price objective on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a report on Friday, December 20th. Canaccord Genuity Group restated a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a research note on Friday, December 20th. B. Riley lowered their price objective on shares of FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Finally, TD Cowen upped their target price on FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.03.

FuelCell Energy Stock Down 2.9 %

FCEL stock opened at $3.98 on Tuesday. The company has a market capitalization of $84.15 million, a P/E ratio of -0.50 and a beta of 3.95. FuelCell Energy, Inc. has a 12 month low of $3.72 and a 12 month high of $33.60. The firm’s fifty day simple moving average is $5.82 and its 200-day simple moving average is $8.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48.

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