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

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 43.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,268,856 shares of the energy company’s stock after purchasing an additional 386,751 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.26% of FuelCell Energy worth $811,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. 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 during the period. Bank of New York Mellon Corp boosted its stake in shares of FuelCell Energy by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 1,677,126 shares of the energy company’s stock valued at $1,071,000 after purchasing an additional 114,267 shares during the period. 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 during the period. Caxton Associates LP boosted its stake in shares of FuelCell Energy by 212.0% during the fourth quarter. Caxton Associates LP now owns 1,457,980 shares of the energy company’s stock valued at $2,333,000 after purchasing an additional 990,648 shares during the period. Finally, 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 during the period. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Trading Up 1.8 %

Shares of FuelCell Energy stock traded up $0.01 during midday trading on Thursday, reaching $0.42. 16,630,161 shares of the company’s stock traded hands, compared to its average volume of 32,696,092. 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 market cap of $208.21 million, a PE ratio of -1.68 and a beta of 3.90. The stock has a 50 day moving average of $0.54 and a 200-day moving average of $0.85. FuelCell Energy, Inc. has a 12 month low of $0.40 and a 12 month high of $1.84.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Monday, June 10th. The energy company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 15.66% and a negative net margin of 123.30%. During the same quarter in the prior year, the company earned ($0.09) earnings per share. As a group, equities analysts expect that FuelCell Energy, Inc. will post -0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FCEL. B. Riley raised FuelCell Energy to a “hold” rating in a research note on Tuesday, June 25th. UBS Group decreased their target price on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a report on Tuesday, August 6th.

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.