Insider Buying: FuelCell Energy Inc (FCEL) Chairman Acquires 152,000 Shares of Stock

FuelCell Energy Inc (NASDAQ:FCEL) Chairman John A. Rolls acquired 152,000 shares of the firm’s stock in a transaction on Wednesday, June 27th. The shares were bought at an average cost of $1.31 per share, for a total transaction of $199,120.00. Following the acquisition, the chairman now owns 317,274 shares in the company, valued at $415,628.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:FCEL opened at $1.32 on Friday. FuelCell Energy Inc has a 12 month low of $1.18 and a 12 month high of $2.49. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.62 and a current ratio of 2.33. The stock has a market cap of $115.19 million, a price-to-earnings ratio of -1.19 and a beta of 1.54.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Thursday, June 7th. The energy company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). FuelCell Energy had a negative return on equity of 46.14% and a negative net margin of 37.67%. The company had revenue of $20.83 million for the quarter, compared to the consensus estimate of $20.43 million. During the same period in the prior year, the company earned ($0.33) EPS. analysts expect that FuelCell Energy Inc will post -0.71 earnings per share for the current fiscal year.

A number of brokerages have commented on FCEL. Zacks Investment Research lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. B. Riley set a $4.00 price objective on shares of FuelCell Energy and gave the stock a “buy” rating in a report on Friday, June 8th. Finally, ValuEngine raised shares of FuelCell Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $3.50.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of FuelCell Energy by 154.5% in the 4th quarter. Bank of New York Mellon Corp now owns 62,038 shares of the energy company’s stock valued at $105,000 after purchasing an additional 37,661 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of FuelCell Energy by 657.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 87,887 shares of the energy company’s stock valued at $149,000 after purchasing an additional 76,290 shares during the last quarter. Northern Trust Corp boosted its stake in shares of FuelCell Energy by 22.0% in the 1st quarter. Northern Trust Corp now owns 161,872 shares of the energy company’s stock valued at $280,000 after purchasing an additional 29,141 shares during the last quarter. KBC Group NV boosted its stake in shares of FuelCell Energy by 23.8% in the 4th quarter. KBC Group NV now owns 289,051 shares of the energy company’s stock valued at $491,000 after purchasing an additional 55,586 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of FuelCell Energy by 27.6% in the 4th quarter. Geode Capital Management LLC now owns 367,979 shares of the energy company’s stock valued at $625,000 after purchasing an additional 79,572 shares during the last quarter. 15.16% of the stock is currently owned by institutional investors.

About FuelCell Energy

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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