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

FuelCell Energy, Inc. (NASDAQ:FCEL) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 109,580,000 shares, an increase of 6.0% from the May 31st total of 103,340,000 shares. Based on an average daily volume of 42,080,000 shares, the days-to-cover ratio is presently 2.6 days.

FuelCell Energy Trading Up 10.0 %

Shares of FuelCell Energy stock opened at $0.66 on Thursday. The business’s 50 day simple moving average is $0.82 and its 200 day simple moving average is $1.09. FuelCell Energy has a 52-week low of $0.60 and a 52-week high of $2.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.55 and a quick ratio of 4.80.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Monday, June 10th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. FuelCell Energy had a negative return on equity of 15.66% and a negative net margin of 123.30%. The business had revenue of $22.42 million for the quarter, compared to analyst estimates of $22.12 million. During the same quarter last year, the firm earned ($0.09) EPS. On average, equities research analysts forecast that FuelCell Energy will post -0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On FuelCell Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in FuelCell Energy by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 40,976,982 shares of the energy company’s stock valued at $52,451,000 after buying an additional 2,873,655 shares during the last quarter. Invesco Ltd. grew its stake in FuelCell Energy by 33.0% in the third quarter. Invesco Ltd. now owns 7,579,525 shares of the energy company’s stock valued at $9,702,000 after purchasing an additional 1,880,397 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in FuelCell Energy by 13.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,571,508 shares of the energy company’s stock valued at $5,714,000 after purchasing an additional 430,184 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in FuelCell Energy by 130.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,576,467 shares of the energy company’s stock valued at $4,122,000 after purchasing an additional 1,456,826 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in FuelCell Energy by 19.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,510,550 shares of the energy company’s stock valued at $4,017,000 after purchasing an additional 400,228 shares in the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised FuelCell Energy to a “hold” rating in a research report on Tuesday, June 25th.

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.