Toroso Investments LLC Has $930,000 Stock Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

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Toroso Investments LLC lowered its stake in FuelCell Energy, Inc. (NASDAQ:FCELGet Rating) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 272,795 shares of the energy company’s stock after selling 13,114 shares during the quarter. Toroso Investments LLC owned about 0.07% of FuelCell Energy worth $930,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FCEL. Legal & General Group Plc lifted its stake in shares of FuelCell Energy by 89.0% in the 2nd quarter. Legal & General Group Plc now owns 6,288,884 shares of the energy company’s stock valued at $23,584,000 after purchasing an additional 2,961,338 shares during the period. Millennium Management LLC lifted its stake in shares of FuelCell Energy by 100.6% in the 2nd quarter. Millennium Management LLC now owns 4,067,105 shares of the energy company’s stock valued at $15,252,000 after purchasing an additional 2,039,491 shares during the period. Barclays PLC lifted its stake in shares of FuelCell Energy by 352.6% in the 3rd quarter. Barclays PLC now owns 2,538,426 shares of the energy company’s stock valued at $8,656,000 after purchasing an additional 1,977,523 shares during the period. Allianz Asset Management GmbH raised its stake in FuelCell Energy by 85.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,192,900 shares of the energy company’s stock worth $14,298,000 after buying an additional 1,935,600 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in FuelCell Energy by 5.9% during the third quarter. Vanguard Group Inc. now owns 34,242,401 shares of the energy company’s stock worth $116,766,000 after acquiring an additional 1,902,915 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

FuelCell Energy Trading Down 5.2 %

Shares of FCEL opened at $2.93 on Friday. The company has a quick ratio of 6.41, a current ratio of 7.94 and a debt-to-equity ratio of 0.12. FuelCell Energy, Inc. has a twelve month low of $2.47 and a twelve month high of $7.04. The firm’s 50 day moving average price is $3.43 and its two-hundred day moving average price is $3.38.

FuelCell Energy (NASDAQ:FCELGet Rating) last announced its quarterly earnings results on Thursday, March 9th. The energy company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. FuelCell Energy had a negative net margin of 88.92% and a negative return on equity of 17.49%. The firm had revenue of $37.10 million for the quarter, compared to analyst estimates of $25.24 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. As a group, research analysts forecast that FuelCell Energy, Inc. will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group initiated coverage on FuelCell Energy in a research report on Tuesday, December 13th. They set a “neutral” rating and a $3.85 price target on the stock. B. Riley cut their price target on shares of FuelCell Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 21st. Five research analysts have rated the stock with a hold rating, According to data from, FuelCell Energy has a consensus rating of “Hold” and an average target price of $3.46.

FuelCell Energy Company Profile

(Get Rating)

FuelCell Energy, Inc engages in the development, design, production, construction and servicing of high temperature fuel cells for clean electric power generation. It develops turn-key distributed power generation solutions and provides comprehensive services for the life of the power plant. The firm’s fuel cell solution is an alternative to traditional combustion-based power generation and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines.

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

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