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

FuelCell Energy, Inc. (NASDAQ:FCEL) was the target of unusually large options trading on Tuesday. Stock investors acquired 35,208 call options on the stock. This is an increase of 572% compared to the typical daily volume of 5,238 call options.

FuelCell Energy Stock Up 9.7%

Shares of NASDAQ FCEL opened at $9.49 on Wednesday. The stock has a fifty day moving average price of $7.29 and a 200 day moving average price of $7.82. The company has a current ratio of 7.96, a quick ratio of 6.51 and a debt-to-equity ratio of 0.19. FuelCell Energy has a 12-month low of $3.58 and a 12-month high of $11.99. The company has a market cap of $502.78 million, a P/E ratio of -1.37 and a beta of 1.41.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Monday, March 9th. The energy company reported ($0.52) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.16. FuelCell Energy had a negative return on equity of 17.76% and a negative net margin of 107.51%.The company had revenue of $30.53 million for the quarter, compared to analysts’ expectations of $42.22 million. Research analysts anticipate that FuelCell Energy will post -1.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FCEL. Zacks Research downgraded FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Wall Street Zen lowered FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Jefferies Financial Group set a $7.20 target price on FuelCell Energy and gave the stock a “hold” rating in a report on Tuesday, March 10th. Weiss Ratings restated a “sell (d-)” rating on shares of FuelCell Energy in a report on Monday, December 29th. Finally, Wells Fargo & Company reduced their price target on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 10th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $8.24.

Institutional Investors Weigh In On FuelCell Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCEL. Legal & General Group Plc acquired a new position in FuelCell Energy in the 4th quarter worth $21,149,000. Invesco Ltd. grew its stake in shares of FuelCell Energy by 75.4% during the fourth quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock valued at $11,005,000 after acquiring an additional 647,151 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of FuelCell Energy during the fourth quarter valued at about $9,348,000. Renaissance Technologies LLC increased its position in shares of FuelCell Energy by 14.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,219,600 shares of the energy company’s stock worth $8,915,000 after acquiring an additional 150,600 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of FuelCell Energy by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock worth $8,374,000 after acquiring an additional 23,981 shares in the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Company Profile

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.