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

FuelCell Energy, Inc. (NASDAQ:FCEL) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 5,858 call options on the stock. This represents an increase of 78% compared to the average volume of 3,290 call options.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. TD Cowen increased their price target on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Canaccord Genuity Group restated a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a research report on Friday, December 20th. Jefferies Financial Group lowered their price target on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company cut their price objective on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a report on Wednesday, November 13th. Finally, StockNews.com assumed coverage on shares of FuelCell Energy in a report on Tuesday, November 12th. They issued a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.23.

Institutional Investors Weigh In On FuelCell Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise raised its holdings in FuelCell Energy by 42.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock worth $46,000 after purchasing an additional 36,120 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of FuelCell Energy by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company’s stock worth $1,512,000 after buying an additional 216,539 shares during the period. Penserra Capital Management LLC raised its stake in shares of FuelCell Energy by 139.6% during the third quarter. Penserra Capital Management LLC now owns 3,716,131 shares of the energy company’s stock worth $1,412,000 after buying an additional 2,165,316 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in FuelCell Energy by 4.2% in the third quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock valued at $208,000 after buying an additional 22,153 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in FuelCell Energy by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after acquiring an additional 5,150 shares during the last quarter. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Price Performance

FuelCell Energy stock traded down $0.01 on Wednesday, reaching $6.55. The company’s stock had a trading volume of 451,862 shares, compared to its average volume of 1,293,558. FuelCell Energy has a twelve month low of $5.12 and a twelve month high of $37.20. The company has a market cap of $138.41 million, a price-to-earnings ratio of -0.83 and a beta of 3.71. 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 business’s fifty day moving average price is $8.19 and its 200 day moving average price is $9.86.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.10. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The business had revenue of $19.00 million for the quarter, compared to analysts’ expectations of $35.37 million. During the same period in the prior year, the firm earned ($1.25) earnings per share. Equities analysts expect that FuelCell Energy will post -6.11 earnings per share 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.