Caxton Associates LP Trims Stock Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

Caxton Associates LP cut its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 73.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 388,861 shares of the energy company’s stock after selling 1,069,119 shares during the period. Caxton Associates LP owned 0.09% of FuelCell Energy worth $463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FCEL. Vanguard Group Inc. boosted its stake in shares of FuelCell Energy by 7.5% during the third quarter. Vanguard Group Inc. now owns 40,976,982 shares of the energy company’s stock valued at $52,451,000 after purchasing an additional 2,873,655 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of FuelCell Energy by 130.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,576,467 shares of the energy company’s stock valued at $4,122,000 after purchasing an additional 1,456,826 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of FuelCell Energy by 66.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,443,666 shares of the energy company’s stock valued at $1,718,000 after purchasing an additional 574,042 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of FuelCell Energy by 60.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,488,300 shares of the energy company’s stock valued at $2,381,000 after purchasing an additional 562,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of FuelCell Energy by 13.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,571,508 shares of the energy company’s stock valued at $5,714,000 after purchasing an additional 430,184 shares in the last quarter. 42.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley upgraded shares of FuelCell Energy to a “hold” rating in a research note on Tuesday, June 25th.

FuelCell Energy Price Performance

Shares of FCEL opened at $0.49 on Wednesday. FuelCell Energy, Inc. has a twelve month low of $0.49 and a twelve month high of $2.21. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.80 and a current ratio of 6.55. The company has a 50 day moving average of $0.73 and a two-hundred day moving average of $0.97.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Monday, June 10th. The energy company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. The company had revenue of $22.42 million during the quarter, compared to the consensus estimate of $22.12 million. FuelCell Energy had a negative net margin of 123.30% and a negative return on equity of 15.66%. During the same period last year, the firm earned ($0.09) earnings per share. Equities analysts predict that FuelCell Energy, Inc. will post -0.26 EPS for the current fiscal year.

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.