Short Interest in FuelCell Energy, Inc. (NASDAQ:FCEL) Increases By 7.2%

FuelCell Energy, Inc. (NASDAQ:FCEL) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 5,500,000 shares, an increase of 7.2% from the December 31st total of 5,130,000 shares. Based on an average daily volume of 1,660,000 shares, the days-to-cover ratio is currently 3.3 days. Currently, 27.0% of the company’s shares are sold short.

FuelCell Energy Stock Up 6.4 %

Shares of FCEL traded up $0.47 during midday trading on Tuesday, hitting $7.74. The company had a trading volume of 279,626 shares, compared to its average volume of 1,170,474. The stock has a market cap of $158.18 million, a price-to-earnings ratio of -0.98 and a beta of 3.36. The company’s 50 day moving average price is $10.16 and its 200 day moving average price is $11.24. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. FuelCell Energy has a 52 week low of $5.45 and a 52 week high of $45.60.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FCEL shares. TD Cowen increased their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. StockNews.com began coverage on FuelCell Energy in a research report on Tuesday, November 12th. They issued a “sell” rating for the company. UBS Group reduced their price target on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd. Wells Fargo & Company dropped their price objective on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group reduced their target price on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.23.

Institutional Trading of FuelCell Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of FuelCell Energy by 106.0% in the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after acquiring an additional 26,223 shares during the last quarter. Algert Global LLC bought a new stake in FuelCell Energy during the second quarter valued at $29,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of FuelCell Energy by 21.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,199,135 shares of the energy company’s stock worth $766,000 after purchasing an additional 213,016 shares during the period. SG Americas Securities LLC lifted its position in shares of FuelCell Energy by 156.6% in the 3rd quarter. SG Americas Securities LLC now owns 4,708,109 shares of the energy company’s stock worth $1,789,000 after buying an additional 2,873,171 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of FuelCell Energy by 21,285.7% in the 3rd quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock valued at $43,000 after buying an additional 111,750 shares during the period. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Company Profile

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.