FuelCell Energy (NASDAQ:FCEL) Upgraded to “Hold” at B. Riley

B. Riley upgraded shares of FuelCell Energy (NASDAQ:FCEL) to a hold rating in a report published on Tuesday, Zacks.com reports.

FuelCell Energy Price Performance

Shares of NASDAQ:FCEL opened at $0.64 on Tuesday. The business has a fifty day moving average price of $0.84 and a 200-day moving average price of $1.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.55 and a quick ratio of 4.80. The company has a market capitalization of $317.27 million, a PE ratio of -2.55 and a beta of 3.56. FuelCell Energy has a 1-year low of $0.62 and a 1-year high of $2.54.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Monday, June 10th. The energy company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $22.42 million for the quarter, compared to analysts’ expectations of $22.12 million. FuelCell Energy had a negative net margin of 123.30% and a negative return on equity of 15.66%. During the same quarter in the prior year, the company posted ($0.09) earnings per share. As a group, equities analysts expect that FuelCell Energy will post -0.26 EPS for the current fiscal year.

Institutional Trading of FuelCell Energy

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in FuelCell Energy by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 40,976,982 shares of the energy company’s stock valued at $52,451,000 after buying an additional 2,873,655 shares during the last quarter. Invesco Ltd. boosted its position in FuelCell Energy by 33.0% in the third quarter. Invesco Ltd. now owns 7,579,525 shares of the energy company’s stock worth $9,702,000 after purchasing an additional 1,880,397 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of FuelCell Energy by 13.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,571,508 shares of the energy company’s stock valued at $5,714,000 after purchasing an additional 430,184 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of FuelCell Energy by 130.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,576,467 shares of the energy company’s stock valued at $4,122,000 after purchasing an additional 1,456,826 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of FuelCell Energy by 19.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,510,550 shares of the energy company’s stock worth $4,017,000 after purchasing an additional 400,228 shares during the period. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.