FuelCell Energy, Inc. (NASDAQ:FCEL) Sees Significant Increase in Short Interest

FuelCell Energy, Inc. (NASDAQ:FCEL) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,892,145 shares, an increase of 25.7% from the December 15th total of 3,891,108 shares. Based on an average daily volume of 3,626,564 shares, the short-interest ratio is presently 1.3 days. Approximately 10.3% of the company’s stock are short sold. Approximately 10.3% of the company’s stock are short sold. Based on an average daily volume of 3,626,564 shares, the short-interest ratio is presently 1.3 days.

Analysts Set New Price Targets

FCEL has been the subject of a number of analyst reports. Wall Street Zen raised FuelCell Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Canaccord Genuity Group reissued a “hold” rating and issued a $12.00 price objective on shares of FuelCell Energy in a research note on Friday, December 19th. KeyCorp reaffirmed a “sector weight” rating on shares of FuelCell Energy in a research report on Friday, December 19th. TD Cowen lifted their price target on shares of FuelCell Energy from $7.00 to $9.00 and gave the company a “hold” rating in a research report on Friday, December 19th. Finally, Zacks Research upgraded shares of FuelCell Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.06.

FuelCell Energy Stock Performance

NASDAQ FCEL traded up $0.59 during trading on Monday, hitting $8.04. The company’s stock had a trading volume of 3,310,903 shares, compared to its average volume of 1,921,700. FuelCell Energy has a 52 week low of $3.58 and a 52 week high of $11.99. The firm has a market cap of $383.83 million, a P/E ratio of -1.03 and a beta of 1.13. The firm has a 50 day moving average price of $7.66 and a 200 day moving average price of $6.89. The company has a quick ratio of 5.36, a current ratio of 6.63 and a debt-to-equity ratio of 0.17.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, December 18th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.97) by $0.14. The business had revenue of $55.02 million for the quarter, compared to the consensus estimate of $47.23 million. FuelCell Energy had a negative net margin of 118.80% and a negative return on equity of 18.85%. During the same quarter last year, the company posted ($1.99) earnings per share. Equities research analysts forecast that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Betsy B. Bingham sold 8,608 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $8.52, for a total value of $73,340.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On FuelCell Energy

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in FuelCell Energy by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock valued at $8,374,000 after acquiring an additional 23,981 shares in the last quarter. Invesco Ltd. increased its position in shares of FuelCell Energy by 194.5% during the third quarter. Invesco Ltd. now owns 858,279 shares of the energy company’s stock valued at $6,695,000 after purchasing an additional 566,852 shares during the period. Two Sigma Investments LP acquired a new position in shares of FuelCell Energy in the third quarter valued at $5,348,000. UBS Group AG raised its stake in shares of FuelCell Energy by 30.1% in the third quarter. UBS Group AG now owns 435,152 shares of the energy company’s stock valued at $3,394,000 after purchasing an additional 100,724 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in FuelCell Energy by 15.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 385,021 shares of the energy company’s stock worth $3,003,000 after purchasing an additional 50,228 shares during the period. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Company Profile

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.