Traders Purchase Large Volume of Call Options on FuelCell Energy (NASDAQ:FCEL)

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) saw unusually large options trading activity on Friday. Investors purchased 8,247 call options on the company. This represents an increase of approximately 353% compared to the average volume of 1,822 call options.

Analyst Ratings Changes

Separately, B. Riley dropped their price target on shares of FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, FuelCell Energy currently has a consensus rating of "Hold" and a consensus price target of $10.03.

FuelCell Energy Stock Performance

Shares of NASDAQ FCEL traded up $1.00 during midday trading on Monday, hitting $7.47. 3,958,238 shares of the stock traded hands, compared to its average volume of 1,286,507. The firm has a 50-day moving average of $4.47 and a two-hundred day moving average of $7.04. The firm has a market capitalization of $169.68 million, a P/E ratio of -0.94 and a beta of 4.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. FuelCell Energy has a one year low of $3.58 and a one year high of $30.90.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings results on Friday, June 6th. The energy company reported ($1.79) earnings per share for the quarter, missing the consensus estimate of ($1.51) by ($0.28). FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The firm had revenue of $37.41 million for the quarter, compared to the consensus estimate of $32.42 million. During the same period in the previous year, the company earned ($2.10) earnings per share. On average, equities analysts forecast that FuelCell Energy will post -6.11 EPS for the current fiscal year.

Hedge Funds Weigh In On FuelCell Energy

Several institutional investors have recently made changes to their positions in FCEL. Banque Cantonale Vaudoise bought a new position in shares of FuelCell Energy in the 1st quarter worth approximately $26,000. Canada Pension Plan Investment Board bought a new position in shares of FuelCell Energy in the 4th quarter worth approximately $30,000. GAMMA Investing LLC lifted its stake in shares of FuelCell Energy by 451.5% in the 1st quarter. GAMMA Investing LLC now owns 12,398 shares of the energy company's stock worth $57,000 after purchasing an additional 10,150 shares during the period. Squarepoint Ops LLC bought a new position in shares of FuelCell Energy in the 4th quarter worth approximately $99,000. Finally, ExodusPoint Capital Management LP bought a new position in shares of FuelCell Energy in the 4th quarter worth approximately $112,000. Institutional investors own 42.78% of the company's stock.

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.