PFG Investments LLC Purchases New Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

PFG Investments LLC acquired a new position in FuelCell Energy, Inc. (NASDAQ:FCEL) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 33,369 shares of the energy company’s stock, valued at approximately $40,000.

Several other institutional investors also recently modified their holdings of FCEL. Catalyst Capital Advisors LLC boosted its stake in FuelCell Energy by 84.9% during the third quarter. Catalyst Capital Advisors LLC now owns 21,490 shares of the energy company’s stock worth $28,000 after buying an additional 9,868 shares in the last quarter. Millburn Ridgefield Corp boosted its position in shares of FuelCell Energy by 84.9% during the 3rd quarter. Millburn Ridgefield Corp now owns 21,490 shares of the energy company’s stock valued at $28,000 after acquiring an additional 9,868 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in FuelCell Energy in the third quarter valued at about $32,000. Baader Bank Aktiengesellschaft raised its position in FuelCell Energy by 97.9% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 26,454 shares of the energy company’s stock worth $42,000 after purchasing an additional 13,084 shares in the last quarter. Finally, Aristides Capital LLC acquired a new stake in shares of FuelCell Energy in the fourth quarter valued at $48,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Price Performance

NASDAQ FCEL traded up $0.05 on Friday, hitting $0.90. 51,805,808 shares of the company were exchanged, compared to its average volume of 29,722,660. The company has a current ratio of 8.26, a quick ratio of 6.35 and a debt-to-equity ratio of 0.17. The company has a market cap of $406.63 million, a P/E ratio of -3.33 and a beta of 3.83. FuelCell Energy, Inc. has a 1-year low of $0.79 and a 1-year high of $2.94. The firm has a 50 day moving average of $1.07 and a two-hundred day moving average of $1.21.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Thursday, March 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. FuelCell Energy had a negative net margin of 105.56% and a negative return on equity of 15.89%. The company had revenue of $16.69 million for the quarter, compared to analyst estimates of $25.74 million. During the same period in the prior year, the business earned ($0.05) earnings per share. FuelCell Energy’s quarterly revenue was down 55.0% on a year-over-year basis. On average, equities analysts predict that FuelCell Energy, Inc. will post -0.26 EPS for the current year.

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.