Short Interest in FuelCell Energy, Inc. (NASDAQ:FCEL) Expands By 7.2%

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 5,500,000 shares, an increase of 7.2% from the December 31st total of 5,130,000 shares. Based on an average daily volume of 1,660,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 27.0% of the company's shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of FuelCell Energy by 35.8% during the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock valued at $207,000 after buying an additional 143,786 shares during the period. Geode Capital Management LLC grew its holdings in FuelCell Energy by 13.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company's stock worth $4,567,000 after acquiring an additional 1,466,442 shares in the last quarter. Point72 DIFC Ltd purchased a new position in FuelCell Energy during the 3rd quarter valued at about $90,000. Integrated Wealth Concepts LLC raised its holdings in shares of FuelCell Energy by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company's stock valued at $28,000 after purchasing an additional 5,150 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of FuelCell Energy by 4.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company's stock worth $208,000 after purchasing an additional 22,153 shares during the period. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

FuelCell Energy Trading Down 4.7 %

FuelCell Energy stock traded down $0.36 during trading hours on Friday, hitting $7.38. The company had a trading volume of 769,961 shares, compared to its average volume of 1,140,458. The firm has a market cap of $150.86 million, a P/E ratio of -0.93 and a beta of 3.36. The company has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $11.14. FuelCell Energy has a 1 year low of $5.45 and a 1 year high of $45.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01.

Analyst Ratings Changes

Several research firms recently weighed in on FCEL. Wells Fargo & Company decreased their price target on FuelCell Energy from $30.00 to $5.00 and set an "underweight" rating on the stock in a report on Wednesday, November 13th. StockNews.com initiated coverage on shares of FuelCell Energy in a research note on Tuesday, November 12th. They issued a "sell" rating on the stock. TD Cowen lifted their price target on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. UBS Group cut their price target on shares of FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating on the stock in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group dropped their target price on FuelCell Energy from $15.00 to $8.40 and set a "hold" rating for the company in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $10.23.

About FuelCell Energy

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.