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

FuelCell Energy, Inc. (NASDAQ:FCEL) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 5,500,000 shares, an increase of 7.2% from the December 15th total of 5,130,000 shares. Currently, 27.0% of the company’s stock are sold short. Based on an average trading volume of 1,660,000 shares, the days-to-cover ratio is currently 3.3 days.

FuelCell Energy Stock Down 0.9 %

Shares of FCEL traded down $0.09 during trading hours on Friday, reaching $9.59. 930,295 shares of the company traded hands, compared to its average volume of 1,291,075. FuelCell Energy has a 1-year low of $5.45 and a 1-year high of $45.60. The stock’s fifty day moving average is $10.01 and its 200 day moving average is $12.16. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20.

Institutional Trading of FuelCell Energy

A number of hedge funds have recently modified their holdings of FCEL. Algert Global LLC acquired a new stake in shares of FuelCell Energy during the 2nd quarter valued at about $29,000. AQR Capital Management LLC boosted its holdings in FuelCell Energy by 106.0% during 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 in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of FuelCell Energy by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after purchasing an additional 5,150 shares during the period. Bogart Wealth LLC raised its holdings in shares of FuelCell Energy by 21,285.7% in the 3rd quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock worth $43,000 after buying an additional 111,750 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its position in shares of FuelCell Energy by 42.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock worth $46,000 after buying an additional 36,120 shares during the period. Institutional investors own 42.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group reissued a “hold” rating and issued a $12.00 price target on shares of FuelCell Energy in a research report on Friday, December 20th. Jefferies Financial Group dropped their target price on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a report on Friday, December 20th. StockNews.com began coverage on shares of FuelCell Energy in a report on Tuesday, November 12th. They set a “sell” rating for the company. UBS Group dropped their price objective on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company decreased their target price on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.23.

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.