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

FuelCell Energy, Inc. (NASDAQ:FCEL) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 5,240,000 shares, a growth of 20.7% from the November 15th total of 4,340,000 shares. Approximately 25.8% of the company’s shares are sold short. Based on an average daily volume of 1,420,000 shares, the days-to-cover ratio is currently 3.7 days.

Wall Street Analysts Forecast Growth

FCEL has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating on the stock in a report on Wednesday, November 13th. UBS Group cut their price target on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. StockNews.com initiated coverage on FuelCell Energy in a report on Tuesday, November 12th. They issued a “sell” rating for the company. Finally, Canaccord Genuity Group cut their target price on FuelCell Energy from $45.00 to $37.50 and set a “hold” rating on the stock in a report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.75.

FuelCell Energy Stock Down 4.7 %

FuelCell Energy stock opened at $11.39 on Monday. The firm has a 50 day moving average price of $9.80 and a two-hundred day moving average price of $14.47. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.97 and a current ratio of 6.91. FuelCell Energy has a 52-week low of $5.45 and a 52-week high of $55.20. The firm has a market cap of $210.89 million, a price-to-earnings ratio of -1.46 and a beta of 3.64.

Hedge Funds Weigh In On FuelCell Energy

A number of hedge funds have recently bought and sold shares of FCEL. Bank of New York Mellon Corp grew its holdings in FuelCell Energy by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,677,126 shares of the energy company’s stock worth $1,071,000 after acquiring an additional 114,267 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of FuelCell Energy by 43.8% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 1,268,856 shares of the energy company’s stock valued at $811,000 after purchasing an additional 386,751 shares in the last quarter. Rhumbline Advisers boosted its position in shares of FuelCell Energy by 7.3% during the 2nd quarter. Rhumbline Advisers now owns 859,359 shares of the energy company’s stock valued at $549,000 after purchasing an additional 58,773 shares in the last quarter. Inspire Investing LLC grew its stake in FuelCell Energy by 90.3% during the second quarter. Inspire Investing LLC now owns 565,014 shares of the energy company’s stock worth $361,000 after purchasing an additional 268,126 shares during the period. Finally, AQR Capital Management LLC increased its holdings in 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 purchasing an additional 26,223 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

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.