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

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on FCEL. UBS Group reduced their price target on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $12.00 target price on shares of FuelCell Energy in a report on Friday, December 20th. StockNews.com started coverage on shares of FuelCell Energy in a report on Tuesday, November 12th. They set a “sell” rating on the stock. Wells Fargo & Company decreased their price objective on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a report on Wednesday, November 13th. Finally, Jefferies Financial Group cut their target price on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its stake 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 worth $28,000 after purchasing an additional 5,150 shares during the period. Algert Global LLC bought a new position in FuelCell Energy in the second quarter worth approximately $29,000. AQR Capital Management LLC boosted its stake 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 worth $33,000 after acquiring an additional 26,223 shares during the last quarter. Bogart Wealth LLC increased its stake 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 worth $43,000 after purchasing an additional 111,750 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in FuelCell Energy by 42.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock worth $46,000 after purchasing an additional 36,120 shares during the period. 42.78% of the stock is owned by hedge funds and other institutional investors.

FuelCell Energy Price Performance

NASDAQ FCEL opened at $9.59 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48. FuelCell Energy has a 1-year low of $5.45 and a 1-year high of $45.60. The stock has a market capitalization of $196.12 million, a price-to-earnings ratio of -1.21 and a beta of 3.41. The business’s fifty day moving average price is $10.07 and its 200-day moving average price is $12.03.

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.