O Shaughnessy Asset Management LLC Lowers Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)

O Shaughnessy Asset Management LLC trimmed its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL) by 42.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,703 shares of the energy company’s stock after selling 5,009 shares during the period. O Shaughnessy Asset Management LLC’s holdings in FuelCell Energy were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in FCEL. South State CORP. purchased a new position in shares of FuelCell Energy in the first quarter valued at about $34,000. First National Trust Co purchased a new position in shares of FuelCell Energy in the second quarter valued at about $89,000. Envestnet Asset Management Inc. purchased a new position in shares of FuelCell Energy in the second quarter valued at about $103,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of FuelCell Energy in the first quarter valued at about $147,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of FuelCell Energy in the first quarter valued at about $148,000. Institutional investors and hedge funds own 40.58% of the company’s stock.

Shares of NASDAQ FCEL opened at $7.24 on Friday. The business’s 50 day moving average is $6.31 and its two-hundred day moving average is $9.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.37 and a quick ratio of 3.32. FuelCell Energy, Inc. has a 1-year low of $1.58 and a 1-year high of $29.44. The stock has a market capitalization of $2.65 billion, a P/E ratio of -20.11 and a beta of 4.98.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Monday, September 13th. The energy company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. FuelCell Energy had a negative return on equity of 30.58% and a negative net margin of 153.45%. The company had revenue of $26.82 million for the quarter, compared to analysts’ expectations of $20.63 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. As a group, equities research analysts anticipate that FuelCell Energy, Inc. will post -0.2 earnings per share for the current fiscal year.

FCEL has been the topic of a number of research analyst reports. B. Riley decreased their target price on FuelCell Energy from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded FuelCell Energy from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Friday, September 17th. Finally, Canaccord Genuity decreased their target price on FuelCell Energy from $13.50 to $9.00 and set a “hold” rating on the stock in a research report on Friday, June 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.40.

FuelCell Energy Company Profile

FuelCell Energy, Inc develops environmentally responsible distributed baseload power solutions through proprietary molten-carbonate fuel cell technology. It develops turn-key distributed power generation solutions and provides comprehensive services for the life of the power plant. The firm’s fuel cell solution is an alternative to traditional combustion-based power generation and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines.

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

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