FuelCell Energy, Inc. (NASDAQ:FCEL) Short Interest Update

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

Analysts Set New Price Targets

A number of equities analysts recently commented on FCEL shares. Wall Street Zen downgraded shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. TD Cowen boosted their price target on FuelCell Energy from $7.00 to $9.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. KeyCorp restated a “sector weight” rating on shares of FuelCell Energy in a research note on Friday, December 19th. Canaccord Genuity Group reiterated a “hold” rating and issued a $12.00 target price on shares of FuelCell Energy in a research note on Friday, December 19th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of FuelCell Energy in a report on Monday, December 29th. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $9.06.

FuelCell Energy Stock Performance

Shares of FuelCell Energy stock opened at $7.22 on Monday. The company has a 50 day moving average price of $8.19 and a 200 day moving average price of $7.29. The firm has a market capitalization of $344.68 million, a P/E ratio of -0.92 and a beta of 1.32. 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 has a 52 week low of $3.58 and a 52 week high of $11.99.

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

Insiders Place Their Bets

In other news, Director Betsy B. Bingham sold 8,608 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $8.52, for a total value of $73,340.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Legal & General Group Plc purchased a new stake in FuelCell Energy in the fourth quarter valued at approximately $21,149,000. CenterBook Partners LP purchased a new stake in FuelCell Energy in the fourth quarter valued at $9,348,000. Renaissance Technologies LLC grew its position 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 purchasing an additional 150,600 shares during the period. Vanguard Group Inc. raised its stake in shares of FuelCell Energy by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock valued at $8,374,000 after buying an additional 23,981 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of FuelCell Energy by 194.5% in the 3rd 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 during the period. 42.78% of the stock is currently owned by hedge funds and other 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.