MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 3,971,581 Shares of FuelCell Energy, Inc. (NASDAQ:FCEL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 92.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 318,652 shares of the energy company’s stock after selling 3,971,581 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in FuelCell Energy were worth $2,888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new stake in shares of FuelCell Energy in the 4th quarter worth about $30,000. ExodusPoint Capital Management LP bought a new stake in FuelCell Energy during the 4th quarter valued at approximately $112,000. Aristides Capital LLC bought a new position in shares of FuelCell Energy in the 4th quarter worth approximately $170,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of FuelCell Energy during the fourth quarter valued at approximately $444,000. Finally, Marshall Wace LLP purchased a new stake in FuelCell Energy in the fourth quarter worth $860,000. Institutional investors own 42.78% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley cut their price objective on shares of FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.03.

FuelCell Energy Stock Down 6.1%

Shares of FuelCell Energy stock opened at $4.58 on Wednesday. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. FuelCell Energy, Inc. has a twelve month low of $3.58 and a twelve month high of $30.90. The company has a market cap of $104.03 million, a price-to-earnings ratio of -0.58 and a beta of 4.08. The company’s 50 day moving average is $4.37 and its 200 day moving average is $7.30.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.10. The business had revenue of $19.00 million for the quarter, compared to analysts’ expectations of $35.37 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same period last year, the firm posted ($1.25) earnings per share. Research analysts anticipate that FuelCell Energy, Inc. will post -6.11 EPS for the current 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.