Short Interest in FuelCell Energy, Inc. (NASDAQ:FCEL) Declines By 7.0%

FuelCell Energy, Inc. (NASDAQ:FCEL) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 120,740,000 shares, a drop 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 short-interest ratio is presently 3.1 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On FuelCell Energy

A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of FuelCell Energy by 6.6% in the fourth quarter. BNP Paribas Financial Markets now owns 305,760 shares of the energy company’s stock valued at $489,000 after purchasing an additional 18,844 shares during the last quarter. AQR Capital Management LLC increased its holdings 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 valued at $33,000 after purchasing an additional 26,223 shares during the last quarter. Fermata Advisors LLC increased its holdings in shares of FuelCell Energy by 54.5% in the second quarter. Fermata Advisors LLC now owns 82,500 shares of the energy company’s stock valued at $53,000 after purchasing an additional 29,113 shares during the last quarter. Aristides Capital LLC acquired a new position in shares of FuelCell Energy in the fourth quarter valued at $48,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of FuelCell Energy by 3.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 875,952 shares of the energy company’s stock valued at $1,042,000 after purchasing an additional 30,158 shares during the last quarter. 42.78% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Stock Down 0.7 %

FCEL traded down $0.00 during trading on Tuesday, reaching $0.38. 30,368,709 shares of the stock were exchanged, compared to its average volume of 31,640,754. The stock has a market cap of $187.54 million, a P/E ratio of -1.52 and a beta of 3.87. FuelCell Energy has a twelve month low of $0.36 and a twelve month high of $1.84. The stock’s 50 day moving average price is $0.45 and its two-hundred day moving average price is $0.73. 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 (NASDAQ:FCEL) last issued its earnings results on Thursday, September 5th. The energy company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $23.70 million for the quarter, compared to the consensus estimate of $23.22 million. FuelCell Energy had a negative net margin of 135.76% and a negative return on equity of 17.02%. During the same period in the previous year, the company earned ($0.06) earnings per share. Equities analysts expect that FuelCell Energy will post -0.25 EPS for the current 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.