Tidal Investments LLC lifted its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL – Free Report) by 61.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,049 shares of the energy company’s stock after acquiring an additional 92,572 shares during the period. Tidal Investments LLC’s holdings in FuelCell Energy were worth $8,788,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers raised its stake in FuelCell Energy by 21.1% during the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock valued at $147,000 after purchasing an additional 5,585 shares during the period. Marshall Wace LLP bought a new position in FuelCell Energy in the 2nd quarter worth approximately $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in FuelCell Energy by 6.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company’s stock valued at $1,877,000 after buying an additional 19,857 shares in the last quarter. Bank of America Corp DE grew its holdings in FuelCell Energy by 31.9% during the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock valued at $103,000 after buying an additional 4,435 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of FuelCell Energy during the second quarter valued at approximately $216,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.
FuelCell Energy News Summary
Here are the key news stories impacting FuelCell Energy this week:
- Positive Sentiment: A rally in the fuel-cell sector lifted FuelCell Energy alongside Bloom Energy after Bloom was confirmed for inclusion in the S&P 500. The move appears to reflect increased investor interest in fuel-cell companies as potential beneficiaries of rising electricity demand from artificial-intelligence data centers. Bloom Energy Climbs 7% as Fuel Cell Bid Spreads Beyond Its S&P 500 Add
- Positive Sentiment: Craig-Hallum reportedly reinstated or began coverage of FuelCell Energy with a Buy rating, citing an emerging data-center opportunity. The endorsement provides a positive counterpoint to the company’s recent post-earnings selloff. FuelCell Energy Reinstated With Buy Rating at Craig-Hallum
- Neutral Sentiment: Analysts and investors continue comparing FuelCell Energy with Bloom Energy as both companies pursue opportunities tied to AI-related power demand. The comparison highlights long-term potential but does not provide a new contract or revenue commitment for FCEL. Bloom Energy vs. FuelCell Energy
- Negative Sentiment: Several law firms announced investigations into potential securities-law violations and disclosures involving FuelCell Energy. These announcements increase headline and litigation risk, although they represent allegations and do not establish wrongdoing. FCEL Investor Alert: Kirby McInerney Investigation
- Negative Sentiment: Investors remain concerned about FuelCell Energy’s large quarterly gross loss, which was linked substantially to its Fit Energy supply agreement. The resulting margin pressure and weaker-than-expected earnings were key reasons for the recent decline and continue to weigh on the stock. FuelCell Scrutinized Over Fit Energy Disclosures
FuelCell Energy Stock Performance
FuelCell Energy (NASDAQ:FCEL – Get Free Report) last posted its earnings results on Wednesday, September 2nd. The energy company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.23). FuelCell Energy had a negative net margin of 113.60% and a negative return on equity of 16.85%. The firm had revenue of $33.00 million for the quarter, compared to the consensus estimate of $38.79 million. As a group, equities analysts anticipate that FuelCell Energy, Inc. will post -2.09 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on FCEL shares. Canaccord Genuity Group reissued a “buy” rating and issued a $30.00 target price on shares of FuelCell Energy in a report on Thursday, September 3rd. TD Cowen reaffirmed a “hold” rating and set a $16.00 target price (up from $9.00) on shares of FuelCell Energy in a research note on Tuesday, June 9th. Wells Fargo & Company lifted their price target on shares of FuelCell Energy from $6.00 to $8.00 and gave the company an “underweight” rating in a report on Tuesday, June 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 price target (down from $24.00) on shares of FuelCell Energy in a research note on Thursday, September 3rd. Finally, B. Riley Financial raised shares of FuelCell Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $13.00 to $32.00 in a report on Monday, June 29th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.14.
Read Our Latest Analysis on FuelCell Energy
Insider Transactions at FuelCell Energy
In related news, EVP Shankar Achanta sold 2,500 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $28.71, for a total transaction of $71,775.00. Following the sale, the executive vice president owned 2,618 shares of the company’s stock, valued at $75,162.78. This represents a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.46% of the stock is currently owned by insiders.
FuelCell Energy Profile
FuelCell Energy, Inc is a clean energy technology company that develops, manufactures, operates and services stationary fuel cell power platforms. Its systems generate electricity through an electrochemical process, producing power with low emissions and without combustion. The company serves utilities, commercial and industrial customers, municipalities, universities and other organizations seeking distributed and resilient energy solutions.
The company’s offerings include its SureSource fuel cell platforms, which can be configured for applications such as on-site power generation, microgrids, combined heat and power, and grid-support services.
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