CenterBook Partners LP Acquires New Holdings in FuelCell Energy, Inc. $FCEL

CenterBook Partners LP acquired a new stake in FuelCell Energy, Inc. (NASDAQ:FCEL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,278,746 shares of the energy company’s stock, valued at approximately $9,348,000. CenterBook Partners LP owned about 2.68% of FuelCell Energy at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FCEL. Rhumbline Advisers raised 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 buying an additional 5,585 shares during the last quarter. Marshall Wace LLP bought a new position in FuelCell Energy in the 2nd quarter valued at approximately $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in FuelCell Energy by 6.3% in 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 during the last quarter. Bank of America Corp DE increased its position 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 purchasing an additional 4,435 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new stake in FuelCell Energy during the 2nd quarter valued at approximately $216,000. Institutional investors own 42.78% of the company’s stock.

Wall Street Analysts Forecast Growth

FCEL has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $7.20 target price on shares of FuelCell Energy and gave the company a “hold” rating in a research report on Tuesday, March 10th. Wells Fargo & Company decreased their target price on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Tuesday, March 10th. Finally, Weiss Ratings raised shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 20th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, FuelCell Energy presently has a consensus rating of “Reduce” and an average price target of $8.24.

FuelCell Energy Stock Performance

Shares of FCEL stock opened at $17.33 on Monday. The company has a market cap of $918.14 million, a price-to-earnings ratio of -2.51 and a beta of 2.42. FuelCell Energy, Inc. has a 52 week low of $3.78 and a 52 week high of $27.69. The company has a quick ratio of 6.51, a current ratio of 7.96 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $13.92 and a 200-day moving average of $9.93.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Monday, March 9th. The energy company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.16. The company had revenue of $30.53 million during the quarter, compared to the consensus estimate of $42.22 million. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. On average, equities analysts forecast that FuelCell Energy, Inc. will post -2.22 earnings per share for the current year.

About FuelCell Energy

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.