18,800 Shares in FuelCell Energy, Inc. (NASDAQ:FCEL) Purchased by Aristides Capital LLC

Aristides Capital LLC acquired a new stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,800 shares of the energy company’s stock, valued at approximately $170,000. Aristides Capital LLC owned approximately 0.09% of FuelCell Energy at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ExodusPoint Capital Management LP purchased a new stake in shares of FuelCell Energy in the 4th quarter valued at approximately $112,000. JPMorgan Chase & Co. lifted its holdings in shares of FuelCell Energy by 35.8% in the third 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of FuelCell Energy by 13.9% in the third 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 during the period. Point72 DIFC Ltd purchased a new position in shares of FuelCell Energy during the third quarter valued at $90,000. Finally, Integrated Wealth Concepts LLC raised its position in FuelCell Energy by 7.5% during the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after buying an additional 5,150 shares during the period. 42.78% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Price Performance

NASDAQ FCEL opened at $4.39 on Tuesday. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $92.82 million, a PE ratio of -0.55 and a beta of 3.95. FuelCell Energy, Inc. has a 12-month low of $4.02 and a 12-month high of $37.20. The company has a 50 day moving average price of $6.32 and a two-hundred day moving average price of $8.79.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.52) by $0.10. The business had revenue of $19.00 million during 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 quarter in the previous year, the business earned ($1.25) EPS. As a group, equities analysts predict that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Jefferies Financial Group lowered their target price on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research note on Friday, December 20th. TD Cowen boosted their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, December 20th. B. Riley cut their target price on shares of FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.03.

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.