Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in FuelCell Energy, Inc. $FCEL

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in FuelCell Energy, Inc. (NASDAQ:FCEL) by 31,021.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,516 shares of the energy company’s stock after buying an additional 147,042 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FuelCell Energy were worth $1,078,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers raised its stake in FuelCell Energy by 21.1% in the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock valued at $147,000 after purchasing an additional 5,585 shares in the last quarter. Marshall Wace LLP purchased a new stake in FuelCell Energy in the second quarter valued at approximately $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in FuelCell Energy by 6.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company’s stock valued at $1,877,000 after purchasing an additional 19,857 shares in the last quarter. Bank of America Corp DE raised its stake in FuelCell Energy by 31.9% in the second quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock valued at $103,000 after purchasing an additional 4,435 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in FuelCell Energy in the second quarter valued at approximately $216,000. 42.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FCEL shares. Jefferies Financial Group set a $7.20 target price on shares of FuelCell Energy and gave the company a “hold” rating in a research note on Tuesday, March 10th. Wells Fargo & Company reduced their price target on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 10th. Zacks Research cut shares of FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Wall Street Zen cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings upgraded shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, April 22nd. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $8.24.

FuelCell Energy Stock Down 4.7%

Shares of FuelCell Energy stock opened at $13.00 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 6.51 and a current ratio of 7.96. FuelCell Energy, Inc. has a 52-week low of $3.58 and a 52-week high of $13.66. The stock has a market capitalization of $688.74 million, a price-to-earnings ratio of -1.88 and a beta of 1.41. The company’s 50 day moving average price is $7.92 and its 200-day moving average price is $7.93.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Monday, March 9th. The energy company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.16. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. The firm had revenue of $30.53 million for the quarter, compared to analysts’ expectations of $42.22 million. Equities research analysts forecast that FuelCell Energy, Inc. will post -2.18 EPS for the current year.

FuelCell Energy Company Profile

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.