FuelCell Energy, Inc.
US ˙ NasdaqGM ˙ US35952H6018

SecurityFCEL / FuelCell Energy, Inc.
InstitutionBridgeway Capital Management Inc
Latest Disclosed Ownership57,000 shares
Latest Disclosed Value $ 372,210
Bridgeway Capital Management Inc reports 78.12% increase in ownership of FCEL / FuelCell Energy, Inc.

On May 15, 2026 - Bridgeway Capital Management Inc filed a 13F-HR form disclosing ownership of 57,000 shares of FuelCell Energy, Inc. (US:FCEL) valued at $372,210 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 32,000 shares of FuelCell Energy, Inc.. This represents a change in shares of 78.12% during the quarter. The current value of the position is $1,243,170 USD.

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 57,000 25,000 78.12 372 59.66 0.0075
2026-02-17 2025-12-31 13F FUELCELL ENERGY COM NEW 35952H700 32,000 0 0.00 234 -6.43 0.0049
2025-11-14 2025-09-30 13F FUELCELL ENERGY COM NEW 35952H700 32,000 32,000 250 0.0053
2019-05-15 2019-03-31 13F FUELCELL ENERGY COM NEW 35952H502 0 -300,000 -100.00 0 -100.00
2019-02-14 2018-12-31 13F FUELCELL ENERGY COM NEW 35952H502 300,000 300,000 165 0.0022
2018-11-13 2018-09-30 13F FUELCELL ENERGY COM NEW 35952H502 0 -149,800 -100.00 0 -100.00
2018-08-14 2018-06-30 13F FUELCELL ENERGY COM NEW 35952H502 149,800 149,800 198 0.0020
2017-02-14 2016-12-31 13F FUELCELL ENERGY COM NEW 35952H502 0 -60,000 -100.00 0 -100.00
2016-11-14 2016-09-30 13F FUELCELL ENERGY COM NEW 35952H502 60,000 0 0.00 325 -12.87 0.0048
2016-08-15 2016-06-30 13F FUELCELL ENERGY COM NEW 35952H502 60,000 0 0.00 373 -8.13 0.0058
2016-05-16 2016-03-31 13F FUELCELL ENERGY COM NEW 35952H502 60,000 60,000 406 0.0068
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.