Investors Purchase High Volume of Call Options on FuelCell Energy (NASDAQ:FCEL)

FuelCell Energy, Inc. (NASDAQ:FCEL) was the recipient of some unusual options trading on Monday. Stock traders acquired 31,692 call options on the company. This is an increase of approximately 358% compared to the average daily volume of 6,918 call options.

Wall Street Analyst Weigh In

FCEL has been the subject of a number of research analyst reports. Canaccord Genuity Group dropped their price target on FuelCell Energy from $1.50 to $1.25 and set a “hold” rating for the company in a research note on Friday, September 6th. UBS Group dropped their price target on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a research note on Tuesday, August 6th.

Institutional Trading of FuelCell Energy

A number of large investors have recently added to or reduced their stakes in FCEL. AQR Capital Management LLC increased its position in shares of 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 last quarter. Fermata Advisors LLC grew its position in FuelCell Energy by 54.5% in the 2nd quarter. Fermata Advisors LLC now owns 82,500 shares of the energy company’s stock valued at $53,000 after acquiring an additional 29,113 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in FuelCell Energy by 3.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 875,952 shares of the energy company’s stock valued at $1,042,000 after acquiring an additional 30,158 shares during the last quarter. SageView Advisory Group LLC bought a new position in FuelCell Energy in the 1st quarter valued at $41,000. Finally, Algert Global LLC bought a new position in FuelCell Energy in the 2nd quarter valued at $29,000. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Stock Performance

Shares of FCEL stock traded up $0.05 during trading hours on Monday, reaching $0.40. 51,404,172 shares of the company traded hands, compared to its average volume of 30,745,004. FuelCell Energy has a 12-month low of $0.31 and a 12-month high of $1.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.91 and a quick ratio of 4.97. The company has a market cap of $223.63 million, a P/E ratio of -1.34 and a beta of 3.91. The firm has a 50-day moving average price of $0.39 and a 200 day moving average price of $0.60.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, September 5th. The energy company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). FuelCell Energy had a negative return on equity of 17.02% and a negative net margin of 135.76%. The firm had revenue of $23.70 million for the quarter, compared to analysts’ expectations of $23.22 million. During the same period in the previous year, the firm earned ($0.06) EPS. As a group, sell-side analysts predict that FuelCell Energy will post -0.25 earnings per share for the current fiscal year.

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.