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

FuelCell Energy, Inc. (NASDAQ:FCEL) was the recipient of a significant growth in short interest in the month of 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. Currently, 25.8% of the company’s shares are short sold. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is presently 3.7 days.

FuelCell Energy Stock Down 4.7 %

Shares of NASDAQ FCEL traded down $0.56 during midday trading on Friday, reaching $11.39. 2,314,239 shares of the company’s stock were exchanged, compared to its average volume of 1,186,508. 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 business’s fifty day moving average price is $9.80 and its two-hundred day moving average price is $14.64. The stock has a market capitalization of $210.89 million, a PE ratio of -1.46 and a beta of 3.64.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FCEL. Integrated Wealth Concepts LLC raised its position in shares of FuelCell Energy by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after acquiring an additional 5,150 shares in the last quarter. Algert Global LLC acquired a new stake in shares of FuelCell Energy during the second quarter worth $29,000. AQR Capital Management LLC lifted its position in shares of FuelCell Energy by 106.0% in the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock worth $33,000 after buying an additional 26,223 shares during the last quarter. Bogart Wealth LLC boosted 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 valued at $43,000 after buying an additional 111,750 shares during the period. Finally, Banque Cantonale Vaudoise grew 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 valued at $46,000 after buying an additional 36,120 shares during the last quarter. 42.78% of the stock is currently owned by institutional investors.

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.