FuelCell Energy Inc (NASDAQ:FCEL) Short Interest Update

FuelCell Energy Inc (NASDAQ:FCEL) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 49,530,000 shares, an increase of 32.8% from the August 31st total of 37,290,000 shares. Based on an average trading volume of 15,340,000 shares, the short-interest ratio is presently 3.2 days.

Shares of FCEL traded down $0.03 during midday trading on Thursday, reaching $2.11. 832,078 shares of the company were exchanged, compared to its average volume of 16,847,768. The stock has a 50-day moving average price of $2.63 and a 200-day moving average price of $2.25. The company has a market cap of $512.26 million, a price-to-earnings ratio of -3.75 and a beta of 2.15. FuelCell Energy has a 1-year low of $0.23 and a 1-year high of $3.50. The company has a current ratio of 2.69, a quick ratio of 1.74 and a debt-to-equity ratio of 1.74.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Thursday, September 10th. The energy company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01). The company had revenue of $18.73 million for the quarter, compared to analyst estimates of $13.40 million. FuelCell Energy had a negative return on equity of 74.92% and a negative net margin of 162.42%. During the same quarter in the prior year, the firm earned ($0.18) EPS. Equities research analysts anticipate that FuelCell Energy will post -0.23 earnings per share for the current year.

A number of research firms have issued reports on FCEL. Zacks Investment Research downgraded FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Craig Hallum downgraded FuelCell Energy from a “hold” rating to a “sell” rating and set a $1.50 price target for the company. in a research report on Friday, June 12th. ValuEngine raised FuelCell Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. Oppenheimer restated a “hold” rating on shares of FuelCell Energy in a research note on Thursday, September 10th. Finally, BidaskClub upgraded FuelCell Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, September 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $2.13.

Large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in shares of FuelCell Energy in the first quarter worth about $26,000. Sigma Planning Corp acquired a new position in shares of FuelCell Energy in the second quarter worth about $34,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of FuelCell Energy by 56.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 16,152 shares of the energy company’s stock worth $37,000 after acquiring an additional 5,815 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of FuelCell Energy in the second quarter worth about $37,000. Finally, Prudential Financial Inc. acquired a new position in shares of FuelCell Energy in the second quarter worth about $40,000. Institutional investors and hedge funds own 25.30% of the company’s stock.

About FuelCell Energy

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

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