FuelCell Energy Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of FCEL?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	72,737	0.357%
Institutions	6,327,737	31.1%
General Public	13,975,461	68.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 35.3%.

Top Shareholders

Top 25 shareholders own 27.66% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
6.16%	BlackRock, Inc.	1,256,174	US$13.1m	9.67%	no data
4.06%	The Vanguard Group, Inc.	828,278	US$8.6m	-25.3%	no data
3.45%	Legal & General Investment Management Limited	703,061	US$7.3m	-3.93%	no data
1.97%	Geode Capital Management, LLC	400,474	US$4.2m	13.9%	no data
1.49%	State Street Global Advisors, Inc.	303,422	US$3.2m	-12.2%	no data
1.11%	Two Sigma Investments, LP	225,176	US$2.3m	13.7%	no data
0.9%	Two Sigma Advisers, LP	183,922	US$1.9m	44%	no data
0.89%	GWL Investment Management Ltd.	180,378	US$1.9m	-6.37%	no data
0.77%	Societe Generale, Securities Investments	156,936	US$1.6m	157%	0.01%
0.7%	Mirae Asset Global Investments Co., Ltd.	143,007	US$1.5m	-2.03%	no data
0.66%	Northern Trust Global Investments	135,208	US$1.4m	-2.47%	no data
0.65%	Charles Schwab Investment Management, Inc.	132,594	US$1.4m	5.76%	no data
0.61%	Penserra Capital Management LLC	123,870	US$1.3m	140%	0.02%
0.57%	Invesco Capital Management LLC	117,001	US$1.2m	42.7%	no data
0.45%	Goldman Sachs Asset Management, L.P.	91,415	US$952.5k	12.2%	no data
0.44%	Morgan Stanley, Investment Banking and Brokerage Investments	89,766	US$935.4k	-39.3%	no data
0.4%	Barclays PLC Private Banking & Investment Banking Investment	81,425	US$848.4k	-9.13%	no data
0.38%	Goldman Sachs Group, Investment Banking and Securities Investments	76,684	US$799.1k	-76.7%	no data
0.37%	SIGNAL IDUNA Asset Management GmbH	76,304	US$795.1k	0%	0.03%
0.33%	Susquehanna International Group, LLP, Asset Management Arm	67,499	US$703.3k	38.6%	no data
0.32%	AllianceBernstein L.P.	64,728	US$674.5k	50.2%	no data
0.28%	ZKB Asset Management	56,905	US$593.0k	-8.49%	no data
0.25%	Banca Passadore & C. S.p.A., Asset Management Arm	51,590	US$537.6k	0%	0.19%
0.22%	BNY Asset Management	45,674	US$475.9k	-18.3%	no data
0.22%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	45,349	US$472.5k	-28.9%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 08:18
End of Day Share Price	2024/12/20 00:00
Earnings	2024/10/31
Annual Earnings	2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

FuelCell Energy, Inc. is covered by 28 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jinming Liu	Ardour Capital Investments, LLC
Ishan Majumdar	Baptista Research
Ryan Pfingst	B. Riley Securities, Inc.