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

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) saw a large increase in short interest in the month of February. As of February 29th, there was short interest totalling 92,810,000 shares, an increase of 14.5% from the February 14th total of 81,050,000 shares. Based on an average daily volume of 13,960,000 shares, the days-to-cover ratio is presently 6.6 days.

Institutional Trading of FuelCell Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of FuelCell Energy by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 42,555,798 shares of the energy company's stock worth $68,089,000 after buying an additional 1,578,816 shares during the last quarter. American International Group Inc. increased its holdings in shares of FuelCell Energy by 10.6% during the 4th quarter. American International Group Inc. now owns 226,162 shares of the energy company's stock worth $362,000 after buying an additional 21,709 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in FuelCell Energy by 53.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 337,632 shares of the energy company's stock valued at $541,000 after purchasing an additional 117,646 shares in the last quarter. Legal & General Group Plc increased its holdings in FuelCell Energy by 29.5% in the 4th quarter. Legal & General Group Plc now owns 17,636,206 shares of the energy company's stock valued at $29,767,000 after purchasing an additional 4,018,719 shares in the last quarter. Finally, Barclays PLC increased its holdings in FuelCell Energy by 21.3% in the 4th quarter. Barclays PLC now owns 3,235,611 shares of the energy company's stock valued at $5,176,000 after purchasing an additional 567,876 shares in the last quarter. 47.90% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Trading Up 10.0 %

Shares of FuelCell Energy stock traded up $0.10 during trading hours on Friday, reaching $1.10. 17,201,226 shares of the company's stock were exchanged, compared to its average volume of 12,673,479. FuelCell Energy has a 52-week low of $0.98 and a 52-week high of $3.10. The firm has a market capitalization of $497.05 million, a price-to-earnings ratio of -4.07 and a beta of 3.76. The company has a fifty day moving average of $1.23 and a 200-day moving average of $1.28. The company has a current ratio of 8.26, a quick ratio of 6.35 and a debt-to-equity ratio of 0.17.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The energy company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.03. The company had revenue of $16.69 million for the quarter, compared to analyst estimates of $25.74 million. FuelCell Energy had a negative return on equity of 15.89% and a negative net margin of 105.56%. The business's revenue for the quarter was down 55.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) EPS. Sell-side analysts forecast that FuelCell Energy will post -0.28 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.