Virtu Financial LLC Has $626,000 Holdings in FuelCell Energy, Inc. $FCEL

Virtu Financial LLC grew its position in FuelCell Energy, Inc. (NASDAQ:FCEL) by 75.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,655 shares of the energy company’s stock after buying an additional 36,910 shares during the quarter. Virtu Financial LLC’s holdings in FuelCell Energy were worth $626,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Legal & General Group Plc acquired a new stake in shares of FuelCell Energy during the fourth quarter valued at approximately $21,149,000. CenterBook Partners LP purchased a new position in FuelCell Energy during the 4th quarter worth approximately $9,348,000. Two Sigma Investments LP acquired a new stake in FuelCell Energy during the 3rd quarter valued at $5,348,000. Invesco Ltd. raised its stake in FuelCell Energy by 75.4% during the 4th quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock valued at $11,005,000 after purchasing an additional 647,151 shares during the period. Finally, Trexquant Investment LP lifted its holdings in shares of FuelCell Energy by 162.3% in the fourth quarter. Trexquant Investment LP now owns 894,800 shares of the energy company’s stock valued at $6,541,000 after purchasing an additional 553,660 shares in the last quarter. 42.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FCEL shares. Wells Fargo & Company lifted their price target on FuelCell Energy from $6.00 to $8.00 and gave the company an “underweight” rating in a report on Tuesday, June 16th. Canaccord Genuity Group increased their price objective on FuelCell Energy from $12.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 20th. KeyCorp reaffirmed a “sector weight” rating on shares of FuelCell Energy in a research note on Tuesday, June 9th. Finally, B. Riley Financial upped their target price on FuelCell Energy from $8.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $15.04.

FuelCell Energy Price Performance

FCEL opened at $24.39 on Tuesday. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -3.71 and a beta of 2.42. FuelCell Energy, Inc. has a 1 year low of $3.78 and a 1 year high of $27.69. The company has a current ratio of 8.59, a quick ratio of 7.20 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $16.75 and a 200 day moving average price of $10.93.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Monday, June 8th. The energy company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.01). FuelCell Energy had a negative net margin of 132.41% and a negative return on equity of 15.90%. The firm had revenue of $35.59 million during the quarter, compared to analysts’ expectations of $40.47 million. During the same quarter last year, the firm earned ($1.79) EPS. Analysts forecast that FuelCell Energy, Inc. will post -1.84 EPS for the current fiscal year.

FuelCell Energy 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.