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

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. Based on an average trading volume of 3,497,403 shares, the days-to-cover ratio is presently 0.9 days. Approximately 6.6% of the shares of the stock are short sold. Approximately 6.6% of the shares of the stock are short sold. Based on an average trading volume of 3,497,403 shares, the days-to-cover ratio is presently 0.9 days.

Insider Activity

In other news, Director Betsy B. Bingham sold 8,608 shares of the business’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 filing with the SEC, which is available at this link. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in shares of FuelCell Energy during the fourth quarter worth about $21,149,000. CenterBook Partners LP bought a new stake in FuelCell Energy during the 4th quarter worth approximately $9,348,000. Renaissance Technologies LLC raised its holdings in FuelCell Energy by 14.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,219,600 shares of the energy company’s stock worth $8,915,000 after buying an additional 150,600 shares during the period. Vanguard Group Inc. raised its holdings in FuelCell Energy by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock worth $8,374,000 after buying an additional 23,981 shares during the period. Finally, Invesco Ltd. lifted its stake in FuelCell Energy by 194.5% in the third quarter. Invesco Ltd. now owns 858,279 shares of the energy company’s stock valued at $6,695,000 after buying an additional 566,852 shares in the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on FCEL. Canaccord Genuity Group restated a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a report on Friday, December 19th. Wall Street Zen downgraded shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. TD Cowen increased their price objective 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. Weiss Ratings restated a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, FuelCell Energy presently has an average rating of “Reduce” and a consensus target price of $9.06.

FuelCell Energy Trading Up 3.0%

FuelCell Energy stock traded up $0.21 during trading hours on Friday, reaching $7.22. 1,371,889 shares of the company’s stock traded hands, compared to its average volume of 2,491,749. 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 company has a debt-to-equity ratio of 0.17, a quick ratio of 5.36 and a current ratio of 6.63. FuelCell Energy has a fifty-two week low of $3.58 and a fifty-two week high of $11.99. The firm’s 50 day moving average is $8.19 and its 200-day moving average is $7.29.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Thursday, December 18th. The energy company reported ($0.83) EPS for the quarter, topping the consensus estimate of ($0.97) by $0.14. FuelCell Energy had a negative net margin of 118.80% and a negative return on equity of 18.85%. The company had revenue of $55.02 million during the quarter, compared to analysts’ expectations of $47.23 million. During the same quarter in the previous year, the company earned ($1.99) EPS. On average, analysts predict that FuelCell Energy will post -6.11 earnings per share for the current year.

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.