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

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

FuelCell Energy Trading Down 5.3 %

FuelCell Energy stock opened at $7.27 on Tuesday. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $10.16 and a 200-day moving average price of $11.24. FuelCell Energy has a fifty-two week low of $5.45 and a fifty-two week high of $45.60.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Canaccord Genuity Group restated a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a research report on Friday, December 20th. StockNews.com started coverage on FuelCell Energy in a research report on Tuesday, November 12th. They issued a “sell” rating for the company. Jefferies Financial Group decreased their price objective on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research report on Friday, December 20th. Finally, UBS Group lowered their price objective on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.23.

Institutional Investors Weigh In On FuelCell Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of FuelCell Energy by 13.9% during the third quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company’s stock valued at $4,567,000 after buying an additional 1,466,442 shares during the period. SG Americas Securities LLC grew its holdings in FuelCell Energy by 156.6% during the 3rd quarter. SG Americas Securities LLC now owns 4,708,109 shares of the energy company’s stock worth $1,789,000 after acquiring an additional 2,873,171 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in FuelCell Energy by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company’s stock valued at $1,512,000 after purchasing an additional 216,539 shares during the period. Penserra Capital Management LLC lifted its position in shares of FuelCell Energy by 139.6% in the 3rd quarter. Penserra Capital Management LLC now owns 3,716,131 shares of the energy company’s stock worth $1,412,000 after purchasing an additional 2,165,316 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of FuelCell Energy by 21.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,199,135 shares of the energy company’s stock valued at $766,000 after purchasing an additional 213,016 shares in the last quarter. 42.78% of the stock is 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.