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

FuelCell Energy, Inc. (NASDAQ:FCEL) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 4,370,000 shares, a decrease of 96.5% from the October 15th total of 124,320,000 shares. Based on an average daily volume of 895,300 shares, the short-interest ratio is presently 4.9 days. Currently, 21.5% of the shares of the company are sold short.

FuelCell Energy Stock Performance

Shares of NASDAQ:FCEL traded down $0.91 during trading on Tuesday, hitting $5.77. 1,124,097 shares of the company were exchanged, compared to its average volume of 1,049,521. The company has a market cap of $3.21 billion, a PE ratio of -23.85 and a beta of 3.91. The stock has a 50 day moving average of $0.50 and a 200 day moving average of $0.62. FuelCell Energy has a 52-week low of $5.66 and a 52-week high of $55.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.91 and a quick ratio of 4.97.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, September 5th. The energy company reported ($2.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($2.10). The firm had revenue of $23.70 million for the quarter, compared to the consensus estimate of $23.22 million. FuelCell Energy had a negative return on equity of 17.02% and a negative net margin of 135.76%. During the same quarter in the prior year, the business posted ($1.80) earnings per share. As a group, equities research analysts predict that FuelCell Energy will post -0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group reduced their price objective on FuelCell Energy from $40.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Canaccord Genuity Group reduced their price objective on FuelCell Energy from $45.00 to $37.50 and set a “hold” rating for the company in a report on Friday, September 6th.

Institutional Investors Weigh In On FuelCell Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Algert Global LLC purchased a new stake in shares of FuelCell Energy in the second quarter worth $29,000. AQR Capital Management LLC raised 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 worth $33,000 after buying an additional 26,223 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in shares of FuelCell Energy in the first quarter worth $41,000. Bogart Wealth LLC raised its position in shares of FuelCell Energy by 21,285.7% in the third quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock worth $43,000 after buying an additional 111,750 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its position in shares of FuelCell Energy by 42.0% in the third quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock worth $46,000 after buying an additional 36,120 shares in the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.

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.