FuelCell Energy, Inc. (NASDAQ:FCEL) Short Interest Up 25.7% in December

FuelCell Energy, Inc. (NASDAQ:FCEL) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 4,892,145 shares, a growth 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. Currently, 10.3% of the company’s stock are sold short. Currently, 10.3% of the company’s stock are sold short. 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 several recent analyst reports. Zacks Research upgraded shares of FuelCell Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. TD Cowen lifted their price target on shares of FuelCell Energy from $7.00 to $9.00 and gave the stock a “hold” rating in a report on Friday, December 19th. Wall Street Zen raised FuelCell Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. KeyCorp reissued a “sector weight” rating on shares of FuelCell Energy in a research report on Friday, December 19th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FuelCell Energy has a consensus rating of “Hold” and an average price target of $9.06.

FuelCell Energy Stock Performance

FCEL stock traded up $0.59 during midday trading on Friday, reaching $8.04. The stock had a trading volume of 3,310,903 shares, compared to its average volume of 1,921,700. The firm has a fifty day simple moving average of $7.66 and a two-hundred day simple moving average of $6.89. FuelCell Energy has a 52-week low of $3.58 and a 52-week high of $11.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.36 and a current ratio of 6.63. The stock has a market cap of $383.83 million, a PE ratio of -1.03 and a beta of 1.13.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, December 18th. The energy company reported ($0.83) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.97) by $0.14. FuelCell Energy had a negative return on equity of 18.85% and a negative net margin of 118.80%.The business had revenue of $55.02 million for the quarter, compared to analyst estimates of $47.23 million. During the same period in the prior year, the company earned ($1.99) earnings per share. As a group, equities research analysts anticipate that FuelCell Energy will post -6.11 EPS for the current year.

Insider Buying and Selling

In other FuelCell Energy news, Director Betsy B. Bingham sold 8,608 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $8.52, for a total transaction of $73,340.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Institutional Trading of FuelCell Energy

Several large investors have recently made changes to their positions in the business. Rhumbline Advisers raised its holdings in shares of FuelCell Energy by 21.1% during the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after purchasing an additional 5,585 shares during the last quarter. MinichMacGregor Wealth Management LLC acquired a new stake in FuelCell Energy during the 2nd quarter worth about $56,000. Marshall Wace LLP purchased a new position in shares of FuelCell Energy during the 2nd quarter valued at about $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of FuelCell Energy by 6.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company’s stock valued at $1,877,000 after buying an additional 19,857 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of FuelCell Energy by 31.9% in the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock valued at $103,000 after buying an additional 4,435 shares during the period. 42.78% of the stock is owned by hedge funds and other institutional investors.

About FuelCell Energy

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.