You say:
Without a mouth, how can the donut fish feed to meet daily energy
requirements in the open sea?
And I say that not having a way to take in food (in the form of a mouth/anus, because in some animals it doubles as both) is rare.
So first, let's take a look at something here on earth without a mouth.
The Trichoplax.
It has no organs to do specific tasks, though it does have different types of cells.
Here's how it eats:
Cells on the underside of Trichoplax have tiny hairs called cilia (SILL-ee-uh). The animal moves by twirling these cilia like propellers. When the animal finds a patch of algae, it stops. Its flat body settles down atop the algae like a suction cup. Some special cells on the underside of this “suction cup” squirt out chemicals that break down the algae. Other cells absorb the sugars and other nutrients released from this meal.
So the animal’s entire underside works as a stomach. And since its stomach is on the outside of its body, it doesn’t need a mouth. When it finds algae, a Trichoplax just plops itself onto the food and begins to digest it.
But this animal is very, very simple. What you're talking about, what with the swim bladder, gills, shape-shifting, AND electric current, is a complex animal with higher energy requirements.
So turn the Trichoplax up to 11. Instead of just eating algae, your Donut Fish can excrete something more caustic, consuming whole bodies in minutes. Fish, dead things, algae, anything that stays still for more than a moment can be eaten by the Donut Fish...
From the Trichoplax article there's this picture on stomach and mouth evolution:
This series of drawings shows how early animal shapes may have evolved 500 million to 700 million years ago. The red part shows cells that can digest food. As the body shape evolved from a flat “plate” to a bowl to a vase, those cells formed a stomach inside the animal’s body.
What I am proposing is this--your animal still has a stomach on the outside. It's just that instead of forming a "vase" like figure g, wherein there is an opening (a mouth) and inside the space there's stomach, your creature covered the opening. The inside ring of the donut is the stomach.
Even though you can see right through it, and it's not a conventional "mouth" it seems to me that evolutionarily for this creature to go from vase to donut, with the inner ring being the stomach seems not to be too far of a leap.
In this way, your donut can constrict around prey. It's far more efficient if your donut can sit on the bottom to digest.
But we have a problem. Constant movement is that problem. You want your creature to act like a shark, but anything without a mouth has to "sit" on their food. Maybe they gather prey into the donut and constrict, eating on the run. Whatever the case, that's a problem you have to solve.
That's my take.