FuelCell Energy, Inc. (NASDAQ:FCEL) Sees Large Increase in Short Interest

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 83,590,000 shares, a growth of 5.6% from the December 15th total of 79,170,000 shares. Based on an average daily trading volume, of 13,330,000 shares, the short-interest ratio is currently 6.3 days.

Hedge Funds Weigh In On FuelCell Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of FCEL. Norges Bank acquired a new stake in shares of FuelCell Energy in the 4th quarter valued at approximately $9,584,000. Legal & General Group Plc raised its position in shares of FuelCell Energy by 89.0% in the 2nd quarter. Legal & General Group Plc now owns 6,288,884 shares of the energy company's stock valued at $23,584,000 after acquiring an additional 2,961,338 shares during the period. BlackRock Inc. raised its position in shares of FuelCell Energy by 7.4% in the 2nd quarter. BlackRock Inc. now owns 42,420,849 shares of the energy company's stock valued at $91,629,000 after acquiring an additional 2,931,647 shares during the period. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 2,873,655 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of FuelCell Energy in the 1st quarter valued at approximately $6,426,000. 47.90% of the stock is owned by institutional investors.

FuelCell Energy Trading Down 3.2 %

FCEL stock traded down $0.04 during midday trading on Monday, reaching $1.21. The company's stock had a trading volume of 11,102,800 shares, compared to its average volume of 10,726,033. FuelCell Energy has a 52 week low of $0.98 and a 52 week high of $4.36. The stock has a market cap of $546.68 million, a PE ratio of -4.48 and a beta of 3.63. The company has a quick ratio of 5.95, a current ratio of 7.23 and a debt-to-equity ratio of 0.17. The business's 50-day simple moving average is $1.34 and its 200-day simple moving average is $1.51.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last announced its quarterly earnings data on Tuesday, December 19th. 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 net margin of 87.17% and a negative return on equity of 15.76%. The firm had revenue of $225.00 million for the quarter, compared to analysts' expectations of $25.02 million. During the same period last year, the firm earned ($0.11) earnings per share. The business's revenue for the quarter was up 474.0% on a year-over-year basis. As a group, sell-side analysts expect that FuelCell Energy will post -0.29 EPS for the current year.

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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