FuelCell Energy, Inc. (NASDAQ:FCEL) Short Interest Update

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

FuelCell Energy Stock Down 2.0 %

FCEL stock traded down $0.02 during trading hours on Tuesday, reaching $1.00. 9,696,187 shares of the stock were exchanged, compared to its average volume of 11,907,884. The firm’s 50-day moving average is $1.19 and its 200-day moving average is $1.25. The company has a market cap of $451.86 million, a price-to-earnings ratio of -3.74 and a beta of 3.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 8.26 and a quick ratio of 6.35. FuelCell Energy has a 12 month low of $0.98 and a 12 month high of $2.94.

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

Hedge Funds Weigh In On FuelCell Energy

Several hedge funds have recently modified their holdings of the stock. Ballentine Partners LLC bought a new position in shares of FuelCell Energy in the 1st quarter valued at about $59,000. Quadrature Capital Ltd bought a new position in shares of FuelCell Energy in the 4th quarter valued at about $79,000. Vanguard Group Inc. grew its holdings in FuelCell Energy by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 42,555,798 shares of the energy company’s stock worth $68,089,000 after purchasing an additional 1,578,816 shares during the period. American International Group Inc. grew its holdings in FuelCell Energy by 10.6% during the fourth quarter. American International Group Inc. now owns 226,162 shares of the energy company’s stock worth $362,000 after purchasing an additional 21,709 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in FuelCell Energy by 53.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 337,632 shares of the energy company’s stock worth $541,000 after purchasing an additional 117,646 shares during the period. Institutional investors own 42.78% of the company’s stock.

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.