Arete Wealth Advisors LLC Makes New $38.16 Billion Investment in FuelCell Energy, Inc. (NASDAQ:FCEL)

Posted by on Jul 25th, 2023

Arete Wealth Advisors LLC bought a new position in FuelCell Energy, Inc. (NASDAQ:FCEL – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,390 shares of the energy company’s stock, valued at approximately $38,162,000,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. West Michigan Advisors LLC bought a new position in shares of FuelCell Energy during the 1st quarter worth $28,000. Kestra Advisory Services LLC bought a new position in shares of FuelCell Energy during the 4th quarter worth $28,000. NewEdge Advisors LLC bought a new position in shares of FuelCell Energy during the 1st quarter worth $62,000. Pinnacle Wealth Planning Services Inc. bought a new position in shares of FuelCell Energy during the 4th quarter worth $30,000. Finally, Freestone Capital Holdings LLC bought a new position in shares of FuelCell Energy during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 46.99% of the company’s stock.

FuelCell Energy Price Performance

Shares of FCEL stock opened at $2.25 on Tuesday. FuelCell Energy, Inc. has a fifty-two week low of $1.77 and a fifty-two week high of $5.50. The firm has a market capitalization of $915.21 million, a price-to-earnings ratio of -6.82 and a beta of 3.59. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 7.22. The stock’s 50-day simple moving average is $2.28 and its 200-day simple moving average is $2.71.

FuelCell Energy (NASDAQ:FCEL – Get Free Report) last issued its quarterly earnings results on Thursday, June 8th. The energy company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). FuelCell Energy had a negative return on equity of 18.42% and a negative net margin of 79.13%. The business had revenue of $38.40 million for the quarter, compared to analysts’ expectations of $25.49 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. FuelCell Energy’s revenue was up 134.1% on a year-over-year basis. As a group, equities analysts forecast that FuelCell Energy, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FCEL. B. Riley dropped their price objective on FuelCell Energy from $4.00 to $2.50 in a research report on Tuesday, June 27th. Craig Hallum dropped their price target on FuelCell Energy from $3.00 to $2.50 in a research note on Friday, June 9th.

FuelCell Energy Profile

(Free Report)

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell energy platforms that decarbonize power and produce hydrogen. It offers SureSource 1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications.

Featured Articles

Want to see what other hedge funds are holding FCEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FuelCell Energy, Inc. (NASDAQ:FCEL – Free Report).

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

Receive News & Ratings for FuelCell Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FuelCell Energy and related companies with MarketBeat.com's FREE daily email newsletter.