First Trust Advisors LP Invests $758,000 in FuelCell Energy, Inc. $FCEL

First Trust Advisors LP acquired a new stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in the first quarter, HoldingsChannel reports. The firm acquired 116,106 shares of the energy company’s stock, valued at approximately $758,000.

Several other hedge funds also recently bought and sold shares of FCEL. Kestra Advisory Services LLC purchased a new stake in FuelCell Energy in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of FuelCell Energy by 1,316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock valued at $59,000 after purchasing an additional 7,080 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of FuelCell Energy in the fourth quarter worth about $78,000. Franklin Resources Inc. purchased a new position in FuelCell Energy in the 4th quarter worth about $84,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in FuelCell Energy in the 4th quarter worth about $91,000. Institutional investors own 42.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on FCEL shares. B. Riley Financial upgraded shares of FuelCell Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $13.00 to $32.00 in a research note on Monday, June 29th. Wall Street Zen downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a report on Sunday. UBS Group raised FuelCell Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $22.00 to $27.00 in a research report on Tuesday, July 14th. Canaccord Genuity Group increased their price target on FuelCell Energy from $12.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group upgraded shares of FuelCell Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $16.00 to $24.00 in a report on Friday, June 26th. Four research 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. According to MarketBeat, FuelCell Energy has a consensus rating of “Hold” and a consensus target price of $22.83.

FuelCell Energy Stock Down 3.2%

Shares of FCEL stock opened at $19.20 on Wednesday. The stock’s fifty day moving average price is $21.83 and its 200 day moving average price is $14.61. FuelCell Energy, Inc. has a 1-year low of $3.78 and a 1-year high of $37.88. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -2.92 and a beta of 2.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 8.59 and a quick ratio of 7.20.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Monday, June 8th. The energy company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.05). FuelCell Energy had a negative net margin of 132.41% and a negative return on equity of 15.90%. The business had revenue of $35.59 million during the quarter, compared to analysts’ expectations of $40.47 million. During the same quarter last year, the business posted ($1.79) earnings per share. On average, research analysts expect that FuelCell Energy, Inc. will post -1.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Shankar Achanta sold 2,500 shares of FuelCell Energy stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $28.71, for a total value of $71,775.00. Following the completion of the sale, the executive vice president directly owned 2,618 shares in the company, valued at $75,162.78. This trade represents a 48.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.46% of the stock is owned by company insiders.

FuelCell Energy Company 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.