Silverback Asset Management Lowers stake in FuelCell Energy Inc (FCEL)

FuelCell Energy Inc (FCEL) : Silverback Asset Management reduced its stake in FuelCell Energy Inc by 22.75% during the most recent quarter end. The investment management company now holds a total of 41,774 shares of FuelCell Energy Inc which is valued at $217,225 after selling 12,301 shares in FuelCell Energy Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.FuelCell Energy Inc makes up approximately 0.03% of Silverback Asset Management’s portfolio.

Other Hedge Funds, Including , D. E. Shaw sold out all of its stake in FCEL during the most recent quarter. The investment firm sold 65,363 shares of FCEL which is valued $339,888.Levin Capital Strategies boosted its stake in FCEL in the latest quarter, The investment management firm added 164,455 additional shares and now holds a total of 760,677 shares of FuelCell Energy Inc which is valued at $3,955,520. FuelCell Energy Inc makes up approx 0.07% of Levin Capital Strategies’s portfolio. Quantbot Technologies Lp sold out all of its stake in FCEL during the most recent quarter. The investment firm sold 1,914 shares of FCEL which is valued $9,761.

FuelCell Energy Inc (FCEL) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $5.12 and reached the intraday high at $5.16. The bulls started the profit booking and pushed the shares to intraday low of $5. The trading session was marked by a volume range of 5,05,309 shares exchanging hands. The 52-week high of the shares is $12.240048 and the 52-week low is $4.51. The market cap of the company stands at $162 M and there are 3,13,86,019 shares in public circulation.

On the company’s financial health, FuelCell Energy Inc reported $-0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Dec 14, 2015. Analyst had a consensus of $-0.28. The company had revenue of $51.45 million for the quarter, compared to analysts expectations of $44.63 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.24 EPS.

FuelCell Energy Inc. is an integrated fuel cell company. The Company designs manufactures sells installs operates and services ultra-clean stationary fuel cell power plants for distributed power generation. It provides turn-key power generation solutions to its customers including power plant installations as well as power plant operation and maintenance. The Company’s Direct FuelCell (DFC) power plants utilize carbonate fuel cell technology and produce base load electricity. It has two primary markets for its products which include Ultra-Clean Power and Renewable Power. The Company also offers solutions such as DFC-ERG (Direct FuelCell Energy Recovery Generation) and HEFC (High Efficiency Fuel Cell). The Company operates in South Korea the United States Asia Europe and Canada. Its customers include utility companies municipalities universities government entities and a variety of industrial and commercial enterprises.

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