FuelCell Energy, Inc.
BG ˙ BUL ˙ US35952H6018
SecurityBG:FEY / FuelCell Energy, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership342,580 shares
Latest Disclosed Value $ 2,237,048
Morgan Stanley reports 8.66% increase in ownership of FEY / FuelCell Energy, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 342,580 shares of FuelCell Energy, Inc. (BG:FEY) valued at $2,237,048 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 315,275 shares of FuelCell Energy, Inc.. This represents a change in shares of 8.66% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F FUELCELL ENERGY COM NEW 35952H700 342,580 27,305 8.66 2,237 -2.91 0.0001
2026-05-27 2025-12-31 13F/A-1 FUELCELL ENERGY COM NEW 35952H700 315,275 34,853 12.43 2,305 5.35 0.0001
2026-02-13 2025-12-31 13F FUELCELL ENERGY COM NEW 35952H700 315,275 34,853 2,305 0.0001
2026-05-27 2025-09-30 13F/A-1 FUELCELL ENERGY COM NEW 35952H700 280,422 156,847 126.92 2,187 215.58 0.0001
2025-11-14 2025-09-30 13F FUELCELL ENERGY COM NEW 35952H700 280,422 156,847 2,187 0.0001
2025-08-15 2025-06-30 13F FUELCELL ENERGY COM NEW 35952H700 123,575 -16,252 -11.62 693 8.11 0.0000
2025-05-15 2025-03-31 13F FUELCELL ENERGY COM NEW 35952H700 139,827 -31,765 -18.51 642 -58.67 0.0000
2025-05-15 2024-12-31 13F/A-1 FUELCELL ENERGY COM NEW 35952H700 171,592 171,592 1,551 0.0001
2025-02-14 2024-12-31 13F FUELCELL ENERGY COM NEW 35952H700 171,592 171,592 1,551 0.0001
2019-08-14 2019-06-30 13F FUELCELL ENERGY COM NEW 35952H502 0 -35,925 -100.00 0 -100.00
2019-05-15 2019-03-31 13F FUELCELL ENERGY COM NEW 35952H502 35,925 -176,149 -83.06 9 -92.31 0.0000
2019-02-14 2018-12-31 13F FUELCELL ENERGY COM NEW 35952H502 212,074 -18,844 -8.16 117 -52.63 0.0000
2019-04-23 2018-09-30 13F/A-2 FUELCELL ENERGY COM NEW 35952H502 230,918 10,601 4.81 247 -15.12 0.0001
2018-11-20 2018-09-30 13F/A-1 FUELCELL ENERGY COM NEW 35952H502 230,918 0 247 0.0001
2018-11-14 2018-09-30 13F FUELCELL ENERGY COM NEW 35952H502 230,918 10,601 247
2019-04-23 2018-06-30 13F/A-1 FUELCELL ENERGY COM NEW 35952H502 220,317 160,349 267.39 291 179.81 0.0001
2018-08-14 2018-06-30 13F FUELCELL ENERGY COM NEW 35952H502 220,317 160,349 291
2019-04-23 2018-03-31 13F/A-1 FUELCELL ENERGY COM NEW 35952H502 59,968 38,436 178.51 104 181.08 0.0000
2018-05-14 2018-03-31 13F FUELCELL ENERGY COM NEW 35952H502 59,968 38,436 104
2019-04-23 2017-12-31 13F/A-1 FUELCELL ENERGY COM NEW 35952H502 21,532 -5,413 -20.09 37 -21.28 0.0000
2018-02-14 2017-12-31 13F FUELCELL ENERGY COM NEW 35952H502 21,532 -5,413 37
2017-11-14 2017-09-30 13F FUELCELL ENERGY COM NEW 35952H502 26,945 -149,552 -84.73 47 -78.44 0.0000
2017-08-11 2017-06-30 13F FUELCELL ENERGY COM NEW 35952H502 176,497 120,033 212.58 218 183.12 0.0001
2017-05-22 2017-03-31 13F/A-1 FUELCELL ENERGY COM NEW 35952H502 56,464 -52,905 -48.37 77 -59.69 0.0000
2017-05-12 2017-03-31 13F FUELCELL ENERGY COM NEW 35952H502 56,464 77
2017-02-22 2016-12-31 13F/A-1 FUELCELL ENERGY COM NEW 35952H502 109,369 95,742 702.59 191 158.11 0.0001
2017-02-13 2016-12-31 13F FUELCELL ENERGY COM NEW 35952H502 109,369 191
2016-11-10 2016-09-30 13F FUELCELL ENERGY COM NEW 35952H502 13,627 4,651 51.82 74 32.14 0.0000
2016-08-12 2016-06-30 13F FUELCELL ENERGY COM NEW 35952H502 8,976 -897 -9.09 56 -16.42 0.0000
2016-05-12 2016-03-31 13F FUELCELL ENERGY COM NEW 35952H502 9,873 -57,560 -85.36 67 -80.00 0.0000
2016-02-09 2015-12-31 13F FUELCELL ENERGY COM NEW 35952H502 67,433 67,433 335 0.0001
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.