CNA Financial Corp Acquires 155,367 Shares of FuelCell Energy, Inc. (FCEL)
CNA Financial Corp grew its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL) by 300.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 207,156 shares of the energy company’s stock after purchasing an additional 155,367 shares during the period. CNA Financial Corp owned about 0.35% of FuelCell Energy worth $257,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of FuelCell Energy by 13.3% in the first quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock valued at $170,000 after purchasing an additional 14,521 shares during the last quarter. KBC Group NV raised its holdings in shares of FuelCell Energy by 36.8% in the first quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock valued at $119,000 after purchasing an additional 23,231 shares during the last quarter. Robecosam AG raised its holdings in shares of FuelCell Energy by 16.7% in the first quarter. Robecosam AG now owns 700,000 shares of the energy company’s stock valued at $998,000 after purchasing an additional 100,000 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of FuelCell Energy in the second quarter valued at approximately $142,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of FuelCell Energy in the first quarter valued at approximately $600,000. Institutional investors own 14.43% of the company’s stock.
FuelCell Energy, Inc. (NASDAQ FCEL) opened at 1.55 on Thursday. The company’s market capitalization is $92.34 million. The company has a 50 day moving average of $1.50 and a 200 day moving average of $1.35. FuelCell Energy, Inc. has a 1-year low of $0.80 and a 1-year high of $5.67.
FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Thursday, September 7th. The energy company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.08). FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. The firm had revenue of $10.36 million for the quarter, compared to analyst estimates of $16.78 million. During the same period in the previous year, the company earned ($0.38) earnings per share. FuelCell Energy’s revenue for the quarter was down 52.3% compared to the same quarter last year. On average, analysts predict that FuelCell Energy, Inc. will post ($1.19) earnings per share for the current fiscal year.
FCEL has been the topic of a number of recent research reports. Cowen and Company set a $2.00 price objective on shares of FuelCell Energy and gave the company a “buy” rating in a report on Monday, July 10th. ValuEngine downgraded shares of FuelCell Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of FuelCell Energy from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a report on Friday, May 19th. FBR & Co reiterated a “hold” rating on shares of FuelCell Energy in a report on Tuesday, September 5th. Finally, Roth Capital reiterated a “neutral” rating and issued a $1.50 price objective on shares of FuelCell Energy in a report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $1.88.
FuelCell Energy Profile
Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.
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