Short Interest in FuelCell Energy, Inc. (NASDAQ:FCEL) Drops By 33.4%

FuelCell Energy, Inc. (NASDAQ:FCEL) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 3,160,295 shares, a decrease of 33.4% from the January 15th total of 4,746,003 shares. Approximately 6.6% of the shares of the company are short sold. Based on an average trading volume of 3,497,403 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 3,497,403 shares, the short-interest ratio is currently 0.9 days. Approximately 6.6% of the shares of the company are short sold.

FuelCell Energy Trading Up 3.0%

Shares of NASDAQ:FCEL traded up $0.21 on Friday, hitting $7.22. The company had a trading volume of 1,371,889 shares, compared to its average volume of 2,588,921. FuelCell Energy has a 1 year low of $3.58 and a 1 year high of $11.99. The firm has a market capitalization of $344.68 million, a price-to-earnings ratio of -0.92 and a beta of 1.32. The firm’s 50-day simple moving average is $8.19 and its two-hundred day simple moving average is $7.25. 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) EPS for the quarter, beating the consensus estimate of ($0.97) by $0.14. The business had revenue of $55.02 million during the quarter, compared to analyst estimates of $47.23 million. FuelCell Energy had a negative return on equity of 18.85% and a negative net margin of 118.80%.During the same quarter last year, the firm posted ($1.99) earnings per share. Equities analysts anticipate that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

Insider Activity at FuelCell Energy

In related news, Director Betsy B. Bingham sold 8,608 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was 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 SEC, which is available through this hyperlink. 0.35% of the stock is owned by insiders.

Institutional Investors Weigh In On FuelCell Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in FuelCell Energy by 21.1% in the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after purchasing an additional 5,585 shares in the last quarter. Marshall Wace LLP purchased a new position in FuelCell Energy during the 2nd quarter valued at approximately $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in FuelCell Energy by 6.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company’s stock worth $1,877,000 after purchasing an additional 19,857 shares during the last quarter. Bank of America Corp DE raised its position in shares of FuelCell Energy by 31.9% during 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 in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in FuelCell Energy in the second quarter worth about $216,000. Institutional investors own 42.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FCEL. TD Cowen raised their price objective 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. Weiss Ratings reissued a “sell (d-)” rating on shares of FuelCell Energy in a report on Monday, December 29th. KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a research report on Friday, December 19th. Canaccord Genuity Group reissued a “hold” rating and set a $12.00 price objective on shares of FuelCell Energy in a research note on Friday, December 19th. Finally, Zacks Research cut shares of FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $9.06.

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.