FuelCell Energy Sees Unusually Large Options Volume (NASDAQ:FCEL)

Key Points

• FuelCell Energy experienced a significant increase in options trading with 7,203 put options bought, marking a 31% rise from the average volume.
• Institutional investors increased their stakes in FuelCell Energy, with Federated Hermes Inc. boosting its position by 254%, now holding 531,615 shares valued at approximately $2.4 million.
• The company reported a disappointing earnings per share of ($3.78), missing estimates by $2.19, and forecast a net margin of -130.81% for the current fiscal year.

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors bought 7,203 put options on the company. This is an increase of 31% compared to the typical volume of 5,478 put options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. grew its position in shares of FuelCell Energy by 254.0% in the 1st quarter. Federated Hermes Inc. now owns 531,615 shares of the energy company's stock worth $2,440,000 after buying an additional 381,450 shares during the last quarter. Penserra Capital Management LLC grew its position in shares of FuelCell Energy by 167.6% in the 1st quarter. Penserra Capital Management LLC now owns 195,802 shares of the energy company's stock worth $898,000 after buying an additional 122,638 shares during the last quarter. Rhumbline Advisers grew its position in shares of FuelCell Energy by 21.1% in the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company's stock worth $147,000 after buying an additional 5,585 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in FuelCell Energy in the 4th quarter worth approximately $99,000. Finally, Bank of New York Mellon Corp boosted its stake in FuelCell Energy by 18.6% in the 1st quarter. Bank of New York Mellon Corp now owns 51,764 shares of the energy company's stock worth $238,000 after purchasing an additional 8,121 shares in the last quarter. Hedge funds and other institutional investors own 42.78% of the company's stock.

FuelCell Energy Stock Up 0.7%

NASDAQ FCEL traded up $0.07 during trading on Wednesday, reaching $9.15. 1,583,497 shares of the company's stock traded hands, compared to its average volume of 1,609,800. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.37 and a quick ratio of 3.85. The firm has a market cap of $295.39 million, a price-to-earnings ratio of -0.99 and a beta of 4.13. The company's 50 day simple moving average is $5.17 and its two-hundred day simple moving average is $5.07. FuelCell Energy has a 12-month low of $3.58 and a 12-month high of $13.98.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its earnings results on Tuesday, September 9th. The energy company reported ($3.78) EPS for the quarter, missing analysts' consensus estimates of ($1.59) by ($2.19). FuelCell Energy had a negative net margin of 130.81% and a negative return on equity of 20.53%. The business had revenue of $46.74 million for the quarter, compared to analysts' expectations of $48.30 million. During the same period last year, the business posted ($1.94) EPS. As a group, sell-side analysts forecast that FuelCell Energy will post -6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

FCEL has been the subject of a number of research reports. UBS Group upped their target price on shares of FuelCell Energy from $4.50 to $7.25 and gave the company a "neutral" rating in a report on Wednesday, September 17th. Canaccord Genuity Group restated a "hold" rating and set a $12.00 target price on shares of FuelCell Energy in a research report on Monday, September 15th. Finally, B. Riley lowered their price objective on shares of FuelCell Energy from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Friday, June 13th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $8.78.

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.

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