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

FuelCell Energy, Inc. (NASDAQ:FCEL) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 120,740,000 shares, a decrease of 7.0% from the August 31st total of 129,760,000 shares. Based on an average daily volume of 38,850,000 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group decreased their price target on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Canaccord Genuity Group lowered their price target on shares of FuelCell Energy from $1.50 to $1.25 and set a “hold” rating for the company in a report on Friday, September 6th. Finally, B. Riley upgraded shares of FuelCell Energy to a “hold” rating in a report on Tuesday, June 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of FuelCell Energy by 13.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,571,508 shares of the energy company’s stock valued at $5,714,000 after acquiring an additional 430,184 shares during the period. Bank of New York Mellon Corp increased its stake in shares of FuelCell Energy by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 1,677,126 shares of the energy company’s stock valued at $1,071,000 after purchasing an additional 114,267 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of FuelCell Energy by 60.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,488,300 shares of the energy company’s stock valued at $2,381,000 after buying an additional 562,800 shares during the last quarter. Caxton Associates LP boosted its position in shares of FuelCell Energy by 212.0% during the fourth quarter. Caxton Associates LP now owns 1,457,980 shares of the energy company’s stock worth $2,333,000 after buying an additional 990,648 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in FuelCell Energy by 66.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,443,666 shares of the energy company’s stock worth $1,718,000 after buying an additional 574,042 shares in the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Stock Performance

Shares of NASDAQ FCEL traded down $0.00 during trading on Tuesday, reaching $0.38. The stock had a trading volume of 31,085,141 shares, compared to its average volume of 31,644,545. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.97 and a current ratio of 6.91. The stock has a market cap of $187.44 million, a PE ratio of -1.51 and a beta of 3.87. FuelCell Energy has a one year low of $0.36 and a one year high of $1.84. The firm’s 50 day moving average price is $0.45 and its two-hundred day moving average price is $0.73.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Thursday, September 5th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). FuelCell Energy had a negative net margin of 135.76% and a negative return on equity of 17.02%. The company had revenue of $23.70 million for the quarter, compared to the consensus estimate of $23.22 million. During the same period last year, the firm posted ($0.06) EPS. On average, research analysts forecast that FuelCell Energy will post -0.25 earnings per share for the current fiscal year.

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.