IQ EQ FUND MANAGEMENT IRELAND Ltd Lowers Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 98.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,400 shares of the energy company’s stock after selling 1,255,456 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.07% of FuelCell Energy worth $121,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of 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 worth $4,567,000 after buying an additional 1,466,442 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in FuelCell Energy in the third quarter worth about $90,000. Charles Schwab Investment Management Inc. grew its holdings in FuelCell Energy by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company’s stock worth $1,512,000 after acquiring an additional 216,539 shares in the last quarter. JPMorgan Chase & Co. increased its position in FuelCell Energy by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company’s stock valued at $207,000 after purchasing an additional 143,786 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of FuelCell Energy by 4.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock valued at $208,000 after purchasing an additional 22,153 shares in the last quarter. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Stock Down 4.5 %

NASDAQ FCEL opened at $4.70 on Friday. FuelCell Energy, Inc. has a 52 week low of $4.65 and a 52 week high of $37.20. The firm has a market cap of $99.38 million, a PE ratio of -0.59 and a beta of 3.71. The business’s fifty day simple moving average is $6.82 and its 200-day simple moving average is $9.26. 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 (NASDAQ:FCEL) last posted its earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.10. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The firm had revenue of $19.00 million during the quarter, compared to the consensus estimate of $35.37 million. During the same quarter last year, the firm earned ($1.25) EPS. As a group, equities analysts anticipate that FuelCell Energy, Inc. will post -6.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

FCEL has been the topic of a number of recent research reports. UBS Group dropped their price objective on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a research note on Tuesday, December 3rd. B. Riley cut their price target on FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group decreased their price objective on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a research note on Friday, December 20th. TD Cowen lifted their target price on FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.03.

FuelCell Energy 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.