FuelCell Energy, Inc. (NASDAQ:FCEL) Short Interest Up 7.2% in January

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

Institutional Trading of FuelCell Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its stake in FuelCell Energy by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock worth $28,000 after purchasing an additional 5,150 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of FuelCell Energy by 4.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock valued at $208,000 after acquiring an additional 22,153 shares during the period. AQR Capital Management LLC lifted its position in shares of FuelCell Energy by 106.0% during the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after buying an additional 26,223 shares in the last quarter. Banque Cantonale Vaudoise raised 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 purchasing an additional 36,120 shares during the period. Finally, Algert Global LLC bought a new position in shares of FuelCell Energy in the second quarter worth about $29,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Trading Up 6.9 %

Shares of NASDAQ:FCEL traded up $0.50 on Tuesday, reaching $7.77. 230,474 shares of the company traded hands, compared to its average volume of 1,167,065. The stock has a market capitalization of $158.90 million, a P/E ratio of -0.98 and a beta of 3.36. FuelCell Energy has a 52 week low of $5.45 and a 52 week high of $45.60. The business’s 50-day simple moving average is $10.16 and its 200 day simple moving average is $11.24. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FCEL. TD Cowen raised their target price on FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Jefferies Financial Group lowered their price objective on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research note on Friday, December 20th. UBS Group reduced their price target on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a research report on Tuesday, December 3rd. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $12.00 price target on shares of FuelCell Energy in a report on Friday, December 20th. Finally, StockNews.com initiated coverage on FuelCell Energy in a report on Tuesday, November 12th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, FuelCell Energy has an average rating of “Hold” and a consensus target price 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.