FuelCell Energy Target of Unusually High Options Trading (NASDAQ:FCEL)

FuelCell Energy, Inc. (NASDAQ:FCEL) was the target of unusually large options trading activity on Monday. Stock investors purchased 27,826 call options on the stock. This is an increase of 250% compared to the typical daily volume of 7,961 call options.

FuelCell Energy Stock Up 22.5%

Shares of FuelCell Energy stock traded up $3.08 during trading hours on Monday, reaching $16.78. The company’s stock had a trading volume of 7,899,862 shares, compared to its average volume of 3,266,383. FuelCell Energy has a one year low of $3.78 and a one year high of $16.49. The company has a market capitalization of $889.06 million, a P/E ratio of -2.43 and a beta of 2.22. The stock’s fifty day simple moving average is $8.20 and its two-hundred day simple moving average is $7.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 6.51 and a current ratio of 7.96.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Monday, March 9th. The energy company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.16. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. The company had revenue of $30.53 million for the quarter, compared to analyst estimates of $42.22 million. On average, research analysts forecast that FuelCell Energy will post -2.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FCEL. Wall Street Zen lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Weiss Ratings lowered shares of FuelCell Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. Zacks Research lowered shares of FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Wells Fargo & Company dropped their price objective on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group set a $7.20 price objective on shares of FuelCell Energy and gave the company a “hold” rating in a research note on Tuesday, March 10th. Seven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $8.24.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FCEL. Legal & General Group Plc bought a new position in shares of FuelCell Energy during the fourth quarter valued at about $21,149,000. CenterBook Partners LP bought a new position in shares of FuelCell Energy during the fourth quarter valued at about $9,348,000. Two Sigma Investments LP bought a new position in shares of FuelCell Energy during the third quarter valued at about $5,348,000. Invesco Ltd. lifted its position in shares of FuelCell Energy by 75.4% during the fourth quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock valued at $11,005,000 after purchasing an additional 647,151 shares in the last quarter. Finally, Trexquant Investment LP lifted its position in shares of FuelCell Energy by 162.3% during the fourth quarter. Trexquant Investment LP now owns 894,800 shares of the energy company’s stock valued at $6,541,000 after purchasing an additional 553,660 shares in the last quarter. 42.78% of the stock is owned by institutional investors.

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.