FuelCell Energy Sees Unusually High Options Volume (NASDAQ:FCEL)

FuelCell Energy, Inc. (NASDAQ:FCEL) was the target of unusually large options trading on Friday. Traders purchased 8,247 call options on the company. This represents an increase of 353% compared to the average daily volume of 1,822 call options.

FuelCell Energy Stock Up 24.4%

FCEL stock opened at $6.47 on Friday. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $4.42 and a two-hundred day moving average price of $7.06. The company has a market cap of $146.97 million, a price-to-earnings ratio of -0.82 and a beta of 4.12. FuelCell Energy has a twelve month low of $3.58 and a twelve month high of $30.90.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings data on Friday, June 6th. The energy company reported ($1.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.51) by ($0.28). FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The business had revenue of $37.41 million during the quarter, compared to analyst estimates of $32.42 million. During the same period in the previous year, the business earned ($2.10) earnings per share. Analysts anticipate that FuelCell Energy will post -6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley decreased their price objective on FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FCEL. Banque Cantonale Vaudoise bought a new position in shares of FuelCell Energy during the 1st quarter worth approximately $26,000. Canada Pension Plan Investment Board bought a new position in shares of FuelCell Energy during the 4th quarter worth approximately $30,000. GAMMA Investing LLC boosted its stake in shares of FuelCell Energy by 451.5% during the 1st quarter. GAMMA Investing LLC now owns 12,398 shares of the energy company’s stock worth $57,000 after acquiring an additional 10,150 shares during the period. Squarepoint Ops LLC bought a new position in shares of FuelCell Energy during the 4th quarter worth approximately $99,000. Finally, ExodusPoint Capital Management LP bought a new position in shares of FuelCell Energy during the 4th quarter worth approximately $112,000. 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.