Northwestern Mutual Wealth Management Co. Acquires 234,768 Shares of FuelCell Energy, Inc. $FCEL

Northwestern Mutual Wealth Management Co. increased its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 1,173,840.0% during the 4th quarter, HoldingsChannel reports. The fund owned 234,788 shares of the energy company’s stock after buying an additional 234,768 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in FuelCell Energy were worth $1,716,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FCEL. Rhumbline Advisers raised its holdings in FuelCell Energy by 21.1% in the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after buying an additional 5,585 shares during the last quarter. Marshall Wace LLP purchased a new position in FuelCell Energy in the second quarter worth about $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of FuelCell Energy by 6.3% during 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 during the last quarter. Bank of America Corp DE raised its holdings in shares of FuelCell Energy by 31.9% during 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 during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in shares of FuelCell Energy during the second quarter valued at approximately $216,000. Institutional investors own 42.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FCEL shares. Weiss Ratings raised shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. Jefferies Financial Group set a $7.20 price target on shares of FuelCell Energy and gave the stock a “hold” rating in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company dropped their target price on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Tuesday, March 10th. Seven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $8.24.

FuelCell Energy Trading Down 2.9%

Shares of FCEL opened at $23.69 on Thursday. FuelCell Energy, Inc. has a twelve month low of $3.78 and a twelve month high of $27.69. The company’s fifty day simple moving average is $11.82 and its 200-day simple moving average is $9.21. The company has a market cap of $1.26 billion, a P/E ratio of -3.43 and a beta of 2.22. The company has a current ratio of 7.96, a quick ratio of 6.51 and a debt-to-equity ratio of 0.19.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Monday, March 9th. The energy company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.16. FuelCell Energy had a negative return on equity of 17.76% and a negative net margin of 107.51%.The business had revenue of $30.53 million during the quarter, compared to analyst estimates of $42.22 million. As a group, analysts expect that FuelCell Energy, Inc. will post -2.18 EPS for the current year.

About FuelCell Energy

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.