Investors Purchase High Volume of FuelCell Energy Call Options (NASDAQ:FCEL)

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

Institutional Trading of FuelCell Energy

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

Wall Street Analyst Weigh In

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

FuelCell Energy Stock Up 24.4%

Shares of FCEL traded up $1.27 during mid-day trading on Friday, reaching $6.47. The company had a trading volume of 12,043,993 shares, compared to its average volume of 1,275,868. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. The firm has a 50-day moving average price of $4.42 and a 200 day moving average price of $7.06. FuelCell Energy has a 52 week low of $3.58 and a 52 week high of $30.90. The company has a market capitalization of $146.97 million, a price-to-earnings ratio of -0.82 and a beta of 4.12.

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