FuelCell Energy Target of Unusually High Options Trading (NASDAQ:FCEL)

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) was the recipient of unusually large options trading on Monday. Investors bought 31,692 call options on the company. This represents an increase of approximately 358% compared to the average volume of 6,918 call options.

Analyst Ratings Changes

A number of equities analysts recently commented on FCEL shares. Canaccord Genuity Group reduced their price objective on FuelCell Energy from $1.50 to $1.25 and set a "hold" rating on the stock in a research report on Friday, September 6th. UBS Group reduced their target price on FuelCell Energy from $1.35 to $0.50 and set a "neutral" rating on the stock in a research report on Tuesday, August 6th.

Institutional Investors Weigh In On FuelCell Energy

Several institutional investors and hedge funds have recently modified their holdings of FCEL. SG Americas Securities LLC raised its holdings in shares of FuelCell Energy by 156.6% in the 3rd quarter. SG Americas Securities LLC now owns 4,708,109 shares of the energy company's stock valued at $1,789,000 after buying an additional 2,873,171 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in FuelCell Energy by 66.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,443,666 shares of the energy company's stock worth $1,718,000 after purchasing an additional 574,042 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in FuelCell Energy by 43.8% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 1,268,856 shares of the energy company's stock worth $811,000 after purchasing an additional 386,751 shares in the last quarter. Inspire Investing LLC acquired a new position in FuelCell Energy during the 1st quarter worth $353,000. Finally, Virtu Financial LLC acquired a new position in FuelCell Energy during the 1st quarter worth $285,000. Hedge funds and other institutional investors own 42.78% of the company's stock.

FuelCell Energy Trading Up 9.1 %

NASDAQ:FCEL traded up $0.03 on Monday, reaching $0.38. The company's stock had a trading volume of 90,768,658 shares, compared to its average volume of 30,930,207. FuelCell Energy has a 12-month low of $0.31 and a 12-month high of $1.84. The company has a quick ratio of 4.97, a current ratio of 6.91 and a debt-to-equity ratio of 0.18. The firm has a market cap of $211.67 million, a price-to-earnings ratio of -1.46 and a beta of 3.91. The stock has a 50 day moving average price of $0.39 and a 200 day moving average price of $0.59.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its earnings results on Thursday, September 5th. The energy company reported ($0.07) EPS for the quarter, meeting analysts' consensus estimates of ($0.07). The company had revenue of $23.70 million for the quarter, compared to the consensus estimate of $23.22 million. FuelCell Energy had a negative return on equity of 17.02% and a negative net margin of 135.76%. During the same quarter in the previous year, the business earned ($0.06) earnings per share. On average, equities analysts anticipate that FuelCell Energy will post -0.25 EPS for the current fiscal year.

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.