Investors Buy High Volume of FuelCell Energy Call Options (NASDAQ:FCEL)

FuelCell Energy, Inc. (NASDAQ:FCEL) was the target of some unusual options trading activity on Monday. Stock traders acquired 31,692 call options on the stock. This represents an increase of approximately 358% compared to the typical volume of 6,918 call options.

FuelCell Energy Price Performance

FuelCell Energy stock opened at $0.37 on Wednesday. The business has a 50 day simple moving average of $0.39 and a 200 day simple moving average of $0.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.91 and a quick ratio of 4.97. The company has a market capitalization of $204.11 million, a PE ratio of -1.41 and a beta of 3.91. FuelCell Energy has a one year low of $0.31 and a one year high of $1.84.

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

Analysts Set New Price Targets

FCEL has been the subject of a number of recent research reports. UBS Group cut their target price on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Canaccord Genuity Group lowered their target price on shares of FuelCell Energy from $1.50 to $1.25 and set a “hold” rating on the stock in a research note on Friday, September 6th.

Institutional Trading of FuelCell Energy

Several large investors have recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. bought a new position in FuelCell Energy in the 1st quarter valued at $125,000. Inspire Investing LLC acquired a new position in FuelCell Energy in the 1st quarter worth $353,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position 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 valued at $1,718,000 after buying an additional 574,042 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in FuelCell Energy by 3.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 875,952 shares of the energy company’s stock worth $1,042,000 after acquiring an additional 30,158 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new position in shares of FuelCell Energy during the 1st quarter worth approximately $41,000. 42.78% of the stock is owned by institutional investors.

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.