Short Interest in FuelCell Energy, Inc. (NASDAQ:FCEL) Decreases By 6.1%

FuelCell Energy, Inc. (NASDAQ:FCEL) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 88,750,000 shares, a drop of 6.1% from the March 15th total of 94,540,000 shares. Based on an average trading volume of 11,930,000 shares, the short-interest ratio is currently 7.4 days.

FuelCell Energy Price Performance

FCEL opened at $1.00 on Thursday. The company has a current ratio of 8.26, a quick ratio of 6.35 and a debt-to-equity ratio of 0.17. FuelCell Energy has a 1-year low of $0.98 and a 1-year high of $2.94. The company has a market capitalization of $451.86 million, a PE ratio of -3.70 and a beta of 3.76. The firm’s 50 day simple moving average is $1.18 and its two-hundred day simple moving average is $1.24.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Thursday, March 7th. The energy company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. FuelCell Energy had a negative net margin of 105.56% and a negative return on equity of 15.89%. The business had revenue of $16.69 million for the quarter, compared to the consensus estimate of $25.74 million. During the same period last year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was down 55.0% on a year-over-year basis. As a group, equities analysts forecast that FuelCell Energy will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FCEL. NewEdge Advisors LLC purchased a new stake in shares of FuelCell Energy in the first quarter worth $62,000. Sei Investments Co. purchased a new stake in shares of FuelCell Energy in the first quarter worth $34,000. SkyView Investment Advisors LLC purchased a new stake in shares of FuelCell Energy in the first quarter worth $37,000. Arete Wealth Advisors LLC purchased a new stake in shares of FuelCell Energy in the first quarter worth $38,000. Finally, Federated Hermes Inc. purchased a new stake in shares of FuelCell Energy in the first quarter worth $85,000. 42.78% of the stock is currently owned by institutional investors.

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.