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

FuelCell Energy, Inc. (NASDAQ:FCEL) was the target of some unusual options trading on Tuesday. Stock traders acquired 19,897 call options on the company. This represents an increase of approximately 463% compared to the average volume of 3,537 call options.

FuelCell Energy Stock Up 10.0%

Shares of NASDAQ:FCEL opened at $5.70 on Thursday. FuelCell Energy has a 1 year low of $3.58 and a 1 year high of $16.09. The company has a market cap of $129.90 million, a PE ratio of -0.62 and a beta of 4.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.62 and a quick ratio of 3.82. The stock’s 50-day moving average is $4.75 and its 200 day moving average is $4.98.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Tuesday, September 9th. The energy company reported ($3.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.59) by ($2.19). FuelCell Energy had a negative return on equity of 19.91% and a negative net margin of 130.81%.The firm had revenue of $46.74 million during the quarter, compared to the consensus estimate of $48.30 million. During the same period in the prior year, the company posted ($1.94) EPS. Sell-side analysts anticipate that FuelCell Energy will post -6.11 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new stake in shares of FuelCell Energy in the 4th quarter worth approximately $99,000. Connective Capital Management LLC purchased a new stake in shares of FuelCell Energy in the 4th quarter worth approximately $202,000. GAMMA Investing LLC grew its stake in shares of FuelCell Energy by 451.5% in the 1st quarter. GAMMA Investing LLC now owns 12,398 shares of the energy company’s stock worth $57,000 after buying an additional 10,150 shares during the last quarter. Rhumbline Advisers grew its stake in shares of FuelCell Energy by 21.1% in the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after buying an additional 5,585 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of FuelCell Energy by 18.6% in the 1st quarter. Bank of New York Mellon Corp now owns 51,764 shares of the energy company’s stock worth $238,000 after buying an additional 8,121 shares during the last quarter. Institutional investors own 42.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley lowered their price target on FuelCell Energy from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, June 13th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $9.86.

FuelCell Energy Company Profile

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.