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

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

Institutional Trading of FuelCell Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. 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 in the last quarter. Algert Global LLC purchased a new position in shares of FuelCell Energy during the second quarter valued at approximately $29,000. AQR Capital Management LLC grew its position in shares of FuelCell Energy by 106.0% in the second 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. Bogart Wealth LLC lifted its holdings in shares of FuelCell Energy by 21,285.7% during the 3rd quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock worth $43,000 after acquiring an additional 111,750 shares during the period. Finally, Banque Cantonale Vaudoise grew its stake in shares of FuelCell Energy by 42.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock valued at $46,000 after buying an additional 36,120 shares during the period. 42.78% of the stock is owned by institutional investors and hedge funds.

FuelCell Energy Stock Performance

Shares of FCEL traded up $0.50 during mid-day trading on Tuesday, reaching $7.77. 230,474 shares of the company’s stock were exchanged, compared to its average volume of 1,167,065. FuelCell Energy has a 52-week low of $5.45 and a 52-week high of $45.60. The stock has a market capitalization of $158.90 million, a PE ratio of -0.98 and a beta of 3.36. The business’s fifty day simple moving average is $10.16 and its 200-day simple moving average is $11.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48.

Wall Street Analyst Weigh In

FCEL has been the subject of several research analyst reports. TD Cowen increased their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Jefferies Financial Group dropped their price target 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. Wells Fargo & Company decreased their price target 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. StockNews.com initiated coverage on shares of FuelCell Energy in a research report on Tuesday, November 12th. They set a “sell” rating on the stock. Finally, UBS Group decreased their target price on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.23.

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.