Calamos Wealth Management LLC Trims Stock Position in FuelCell Energy, Inc. (NASDAQ:FCEL)

Calamos Wealth Management LLC cut its stake in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 77.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,000 shares of the energy company’s stock after selling 70,000 shares during the quarter. Calamos Wealth Management LLC’s holdings in FuelCell Energy were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Institute for Wealth Management LLC. purchased a new position in shares of FuelCell Energy during the fourth quarter worth approximately $342,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of FuelCell Energy by 130.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,576,467 shares of the energy company’s stock valued at $4,122,000 after purchasing an additional 1,456,826 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of FuelCell Energy by 22.4% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 263,256 shares of the energy company’s stock valued at $421,000 after purchasing an additional 48,150 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of FuelCell Energy by 19.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,510,550 shares of the energy company’s stock valued at $4,017,000 after purchasing an additional 400,228 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in FuelCell Energy by 8.8% in the fourth quarter. Arizona State Retirement System now owns 125,970 shares of the energy company’s stock valued at $202,000 after acquiring an additional 10,152 shares in the last quarter. 42.78% of the stock is owned by hedge funds and other institutional investors.

FuelCell Energy Price Performance

Shares of FCEL opened at $0.88 on Monday. The company has a market cap of $399.49 million, a price-to-earnings ratio of -3.27 and a beta of 3.76. FuelCell Energy, Inc. has a twelve month low of $0.87 and a twelve month high of $2.94. The company has a quick ratio of 6.35, a current ratio of 8.26 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $1.16 and a two-hundred day moving average of $1.24.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Thursday, March 7th. The energy company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $16.69 million during the quarter, compared to the consensus estimate of $25.74 million. FuelCell Energy had a negative net margin of 105.56% and a negative return on equity of 15.89%. FuelCell Energy’s revenue was down 55.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) earnings per share. As a group, analysts predict that FuelCell Energy, Inc. will post -0.26 earnings per share for the current fiscal year.

About FuelCell Energy

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.