FuelCell Energy (NASDAQ:FCEL) Shares Up 5.5%

FuelCell Energy, Inc. (NASDAQ:FCEL) shot up 5.5% on Wednesday . The company traded as high as $1.16 and last traded at $1.16. 3,285,916 shares were traded during trading, a decline of 73% from the average session volume of 12,185,366 shares. The stock had previously closed at $1.10.

FuelCell Energy Stock Performance

The company has a current ratio of 8.26, a quick ratio of 6.35 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $1.21 and a two-hundred day moving average of $1.26.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, March 7th. The energy company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $16.69 million for the quarter, compared to analysts’ expectations of $25.74 million. FuelCell Energy had a negative return on equity of 15.89% and a negative net margin of 105.56%. FuelCell Energy’s revenue for the quarter was down 55.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) EPS. As a group, equities analysts expect that FuelCell Energy, Inc. will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On FuelCell Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its position in FuelCell Energy by 3.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 90,820 shares of the energy company’s stock worth $309,000 after acquiring an additional 3,137 shares during the last quarter. Mackenzie Financial Corp grew its position in FuelCell Energy by 26.1% during the 1st quarter. Mackenzie Financial Corp now owns 18,305 shares of the energy company’s stock worth $105,000 after acquiring an additional 3,788 shares during the last quarter. Raymond James & Associates grew its position in FuelCell Energy by 3.5% during the 4th quarter. Raymond James & Associates now owns 114,154 shares of the energy company’s stock worth $317,000 after acquiring an additional 3,819 shares during the last quarter. Amalgamated Bank grew its position in FuelCell Energy by 6.9% during the 4th quarter. Amalgamated Bank now owns 63,637 shares of the energy company’s stock worth $177,000 after acquiring an additional 4,103 shares during the last quarter. Finally, Vident Investment Advisory LLC grew its position in FuelCell Energy by 9.6% during the 1st quarter. Vident Investment Advisory LLC now owns 58,303 shares of the energy company’s stock worth $336,000 after acquiring an additional 5,103 shares during the last quarter. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Company 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.