GSA Capital Partners LLP Buys New Holdings in FuelCell Energy, Inc. $FCEL

GSA Capital Partners LLP purchased a new position in FuelCell Energy, Inc. (NASDAQ:FCEL) during the third quarter, HoldingsChannel reports. The fund purchased 121,088 shares of the energy company’s stock, valued at approximately $944,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in FuelCell Energy by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock valued at $8,374,000 after buying an additional 23,981 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 worth $1,877,000 after acquiring an additional 19,857 shares during the last quarter. Engineers Gate Manager LP grew its stake in FuelCell Energy by 128.8% during the second quarter. Engineers Gate Manager LP now owns 40,277 shares of the energy company’s stock valued at $226,000 after acquiring an additional 22,672 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in FuelCell Energy during the second quarter valued at $216,000. Finally, Rhumbline Advisers increased its holdings in FuelCell Energy by 21.1% in the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock valued at $147,000 after acquiring an additional 5,585 shares during the last quarter. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Stock Down 0.9%

Shares of NASDAQ FCEL opened at $7.68 on Friday. The company has a current ratio of 6.63, a quick ratio of 5.36 and a debt-to-equity ratio of 0.17. FuelCell Energy, Inc. has a 12-month low of $3.58 and a 12-month high of $11.99. The firm’s 50-day moving average price is $8.08 and its 200-day moving average price is $7.35. The stock has a market capitalization of $406.66 million, a price-to-earnings ratio of -0.98 and a beta of 1.32.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Thursday, December 18th. The energy company reported ($0.83) earnings per share for the quarter, topping the consensus estimate of ($0.97) by $0.14. FuelCell Energy had a negative return on equity of 18.85% and a negative net margin of 118.80%.The company had revenue of $55.02 million for the quarter, compared to analysts’ expectations of $47.23 million. During the same period in the previous year, the firm posted ($1.99) earnings per share. On average, equities research analysts anticipate that FuelCell Energy, Inc. will post -6.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Betsy B. Bingham sold 8,608 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $8.52, for a total transaction of $73,340.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Canaccord Genuity Group reissued a “hold” rating and set a $12.00 price objective on shares of FuelCell Energy in a report on Friday, December 19th. Zacks Research downgraded FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. KeyCorp reissued a “sector weight” rating on shares of FuelCell Energy in a research note on Friday, December 19th. Wall Street Zen cut FuelCell Energy from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FuelCell Energy in a research note on Monday, December 29th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, FuelCell Energy presently has a consensus rating of “Reduce” and a consensus target price of $9.06.

FuelCell Energy Profile

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.