FuelCell Energy, Inc. (NASDAQ:FCEL) Short Interest Up 7.2% in December

FuelCell Energy, Inc. (NASDAQ:FCEL) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 5,500,000 shares, a growth of 7.2% from the December 15th total of 5,130,000 shares. Based on an average trading volume of 1,660,000 shares, the short-interest ratio is currently 3.3 days. Approximately 27.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. UBS Group cut their price target on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. TD Cowen boosted their target price on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Jefferies Financial Group decreased their price target on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a research note on Friday, December 20th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, FuelCell Energy presently has an average rating of “Hold” and an average target price of $10.23.

FuelCell Energy Trading Down 0.9 %

FCEL traded down $0.09 during trading on Monday, reaching $9.59. The company had a trading volume of 930,295 shares, compared to its average volume of 1,291,075. The firm’s 50-day simple moving average is $10.01 and its 200 day simple moving average is $12.10. The company has a market cap of $196.12 million, a price-to-earnings ratio of -1.21 and a beta of 3.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. FuelCell Energy has a 12-month low of $5.45 and a 12-month high of $45.60.

Institutional Trading of FuelCell Energy

A number of hedge funds have recently modified their holdings of FCEL. Integrated Wealth Concepts LLC increased its holdings in shares of FuelCell Energy by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after purchasing an additional 5,150 shares during the period. Rockefeller Capital Management L.P. lifted its position in FuelCell Energy by 4.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock worth $208,000 after acquiring an additional 22,153 shares during the last quarter. AQR Capital Management LLC boosted its stake in FuelCell Energy by 106.0% during the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after purchasing an additional 26,223 shares during the period. Banque Cantonale Vaudoise grew its stake in shares of FuelCell Energy by 42.0% in the third quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock worth $46,000 after acquiring an additional 36,120 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of FuelCell Energy during the 2nd quarter worth about $29,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

About FuelCell Energy

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.