John A. Rolls Purchases 100,000 Shares of FuelCell Energy Inc (FCEL) Stock

FuelCell Energy Inc (NASDAQ:FCEL) Director John A. Rolls bought 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average price of $0.75 per share, with a total value of $75,000.00. Following the completion of the acquisition, the director now directly owns 417,274 shares in the company, valued at $312,955.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

NASDAQ FCEL traded down $0.05 on Friday, hitting $0.72. The company’s stock had a trading volume of 225,154 shares, compared to its average volume of 791,244. FuelCell Energy Inc has a 52-week low of $0.69 and a 52-week high of $2.17. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.23 and a current ratio of 1.94. The stock has a market cap of $71.87 million, a P/E ratio of -0.65 and a beta of 1.77.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings data on Thursday, September 6th. The energy company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.01). FuelCell Energy had a negative return on equity of 45.52% and a negative net margin of 36.18%. The business had revenue of $12.11 million during the quarter, compared to analysts’ expectations of $11.57 million. During the same quarter last year, the business posted ($0.31) EPS. Sell-side analysts predict that FuelCell Energy Inc will post -0.77 earnings per share for the current year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut FuelCell Energy from a “hold” rating to a “sell” rating in a report on Monday, September 3rd. B. Riley set a $4.00 target price on FuelCell Energy and gave the company a “buy” rating in a report on Friday, September 7th. ValuEngine cut FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Roth Capital cut FuelCell Energy to a “hold” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $3.25.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCEL. Northern Trust Corp lifted its holdings in FuelCell Energy by 22.0% in the 1st quarter. Northern Trust Corp now owns 161,872 shares of the energy company’s stock worth $280,000 after buying an additional 29,141 shares during the period. BlackRock Inc. lifted its holdings in FuelCell Energy by 3.4% in the 1st quarter. BlackRock Inc. now owns 993,516 shares of the energy company’s stock worth $1,719,000 after buying an additional 32,376 shares during the period. Bank of New York Mellon Corp lifted its holdings in FuelCell Energy by 244.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 259,660 shares of the energy company’s stock worth $343,000 after buying an additional 184,181 shares during the period. Levin Capital Strategies L.P. lifted its holdings in FuelCell Energy by 12.3% in the 2nd quarter. Levin Capital Strategies L.P. now owns 2,698,703 shares of the energy company’s stock worth $3,562,000 after buying an additional 296,075 shares during the period. Finally, Schwab Charles Investment Management Inc. purchased a new position in shares of FuelCell Energy in the 2nd quarter valued at approximately $200,000. Institutional investors and hedge funds own 21.65% of the company’s stock.

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FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.

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