Symphony Financial Ltd. Co. cut its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 45.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,600 shares of the energy company’s stock after selling 17,800 shares during the period. Symphony Financial Ltd. Co.’s holdings in FuelCell Energy were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of FCEL. Beirne Wealth Consulting Services LLC bought a new stake in shares of FuelCell Energy in the third quarter valued at approximately $26,000. Old Port Advisors bought a new stake in shares of FuelCell Energy in the fourth quarter valued at approximately $127,000. Raymond James & Associates bought a new stake in shares of FuelCell Energy in the third quarter valued at approximately $26,000. Point72 Hong Kong Ltd bought a new stake in shares of FuelCell Energy in the second quarter valued at approximately $37,000. Finally, Prudential Financial Inc. bought a new stake in shares of FuelCell Energy in the second quarter valued at approximately $40,000. 18.39% of the stock is owned by hedge funds and other institutional investors.
FuelCell Energy stock opened at $19.14 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.69 and a quick ratio of 1.74. The stock has a fifty day moving average price of $10.58 and a two-hundred day moving average price of $4.69. FuelCell Energy, Inc. has a 52-week low of $1.00 and a 52-week high of $20.94. The firm has a market capitalization of $5.64 billion, a P/E ratio of -33.58 and a beta of 5.48.
Several brokerages recently commented on FCEL. BidaskClub cut FuelCell Energy from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 30th. Canaccord Genuity began coverage on FuelCell Energy in a research report on Wednesday, December 9th. They issued a “hold” rating for the company. ValuEngine cut FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 2nd. Jefferies Financial Group began coverage on FuelCell Energy in a research report on Thursday, January 7th. They issued a “hold” rating for the company. Finally, Zacks Investment Research raised FuelCell Energy from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.75.
FuelCell Energy Company Profile
FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.
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