Credit Suisse AG raised its position in FuelCell Energy, Inc. (NASDAQ:FCEL – Get Rating) by 244.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,289,094 shares of the energy company's stock after purchasing an additional 914,899 shares during the period. Credit Suisse AG owned 0.33% of FuelCell Energy worth $4,834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its holdings in FuelCell Energy by 26.1% in the 1st quarter. Mackenzie Financial Corp now owns 18,305 shares of the energy company's stock valued at $105,000 after purchasing an additional 3,788 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in FuelCell Energy by 256.4% in the 1st quarter. Catalyst Capital Advisors LLC now owns 6,736 shares of the energy company's stock valued at $39,000 after purchasing an additional 4,846 shares in the last quarter. Vident Investment Advisory LLC lifted its holdings in FuelCell Energy by 9.6% in the 1st quarter. Vident Investment Advisory LLC now owns 58,303 shares of the energy company's stock valued at $336,000 after purchasing an additional 5,103 shares in the last quarter. Millburn Ridgefield Corp lifted its holdings in FuelCell Energy by 82.5% in the 2nd quarter. Millburn Ridgefield Corp now owns 12,293 shares of the energy company's stock valued at $46,000 after purchasing an additional 5,557 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in FuelCell Energy by 2,000.0% in the 1st quarter. Huntington National Bank now owns 6,300 shares of the energy company's stock valued at $36,000 after purchasing an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 42.87% of the company's stock.

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Analyst Ratings Changes

Separately, Jefferies Financial Group initiated coverage on FuelCell Energy in a report on Wednesday, October 19th. They set a "hold" rating and a $3.00 price target on the stock. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $4.67.

FuelCell Energy Stock Up 3.5 %

NASDAQ FCEL opened at $3.24 on Friday. FuelCell Energy, Inc. has a 52 week low of $2.77 and a 52 week high of $7.67. The company has a quick ratio of 6.20, a current ratio of 7.20 and a debt-to-equity ratio of 0.12. The business's fifty day simple moving average is $3.27 and its 200-day simple moving average is $3.70. The firm has a market cap of $1.31 billion, a PE ratio of -9.53 and a beta of 3.59.

FuelCell Energy (NASDAQ:FCEL – Get Rating) last issued its quarterly earnings data on Thursday, September 8th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $43.10 million during the quarter, compared to analysts' expectations of $35.16 million. FuelCell Energy had a negative net margin of 118.26% and a negative return on equity of 15.26%. The firm's quarterly revenue was up 60.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. As a group, equities analysts anticipate that FuelCell Energy, Inc. will post -0.35 earnings per share for the current year.

FuelCell Energy Profile

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FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications.

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