FuelCell Energy, Inc. (NASDAQ:FCEL) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Posted by on May 26th, 2023

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of FuelCell Energy, Inc. (NASDAQ:FCEL – Get Rating) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,014,987 shares of the energy company’s stock after selling 45,545 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.25% of FuelCell Energy worth $2,822,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FCEL. JPMorgan Chase & Co. lifted its stake in FuelCell Energy by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 531,319 shares of the energy company’s stock worth $3,061,000 after purchasing an additional 19,633 shares in the last quarter. Raymond James & Associates lifted its stake in FuelCell Energy by 203.1% during the first quarter. Raymond James & Associates now owns 128,858 shares of the energy company’s stock worth $742,000 after purchasing an additional 86,344 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in FuelCell Energy by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 1,358,843 shares of the energy company’s stock worth $7,827,000 after purchasing an additional 44,401 shares in the last quarter. Private Advisor Group LLC lifted its stake in FuelCell Energy by 134.3% during the first quarter. Private Advisor Group LLC now owns 34,600 shares of the energy company’s stock worth $200,000 after purchasing an additional 19,832 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of FuelCell Energy by 50.4% during the first quarter. MetLife Investment Management LLC now owns 191,038 shares of the energy company’s stock worth $1,100,000 after acquiring an additional 63,986 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Stock Down 4.4 %

FuelCell Energy stock opened at $2.05 on Friday. FuelCell Energy, Inc. has a twelve month low of $1.77 and a twelve month high of $5.50. The stock’s fifty day simple moving average is $2.37 and its 200-day simple moving average is $2.99. The company has a current ratio of 7.94, a quick ratio of 6.41 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $831.75 million, a P/E ratio of -6.41 and a beta of 3.68.

FuelCell Energy (NASDAQ:FCEL – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The energy company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. FuelCell Energy had a negative return on equity of 17.49% and a negative net margin of 88.92%. The business had revenue of $37.10 million for the quarter, compared to analyst estimates of $25.24 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. As a group, equities analysts expect that FuelCell Energy, Inc. will post -0.28 earnings per share for the current fiscal year.

FuelCell Energy Profile

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FuelCell Energy, Inc engages in the development, design, production, construction and servicing of high temperature fuel cells for clean electric power generation. It develops turn-key distributed power generation solutions and provides comprehensive services for the life of the power plant. The firm’s fuel cell solution is an alternative to traditional combustion-based power generation and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines.

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Institutional Ownership by Quarter for FuelCell Energy (NASDAQ:FCEL)

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