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

FuelCell Energy, Inc. (NASDAQ:FCEL) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 88,750,000 shares, a decline 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 presently 7.4 days.

FuelCell Energy Price Performance

Shares of NASDAQ FCEL traded down $0.02 during mid-day trading on Tuesday, reaching $1.00. The company had a trading volume of 9,696,187 shares, compared to its average volume of 11,907,884. The company has a current ratio of 8.26, a quick ratio of 6.35 and a debt-to-equity ratio of 0.17. The stock has a market cap of $451.86 million, a PE ratio of -3.74 and a beta of 3.76. The company has a 50-day moving average price of $1.19 and a two-hundred day moving average price of $1.25. FuelCell Energy has a 1-year low of $0.98 and a 1-year high of $2.94.

FuelCell Energy (NASDAQ:FCEL) last issued 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. FuelCell Energy had a negative return on equity of 15.89% and a negative net margin of 105.56%. The business had revenue of $16.69 million for the quarter, compared to analysts’ expectations of $25.74 million. During the same period in the previous year, the firm posted ($0.05) EPS. The company’s quarterly revenue was down 55.0% on a year-over-year basis. On average, equities analysts anticipate that FuelCell Energy will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in shares of FuelCell Energy by 3.6% in the third quarter. Commonwealth Equity Services LLC now owns 90,820 shares of the energy company’s stock worth $309,000 after buying an additional 3,137 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of FuelCell Energy by 26.1% during the 1st quarter. Mackenzie Financial Corp now owns 18,305 shares of the energy company’s stock worth $105,000 after purchasing an additional 3,788 shares during the last quarter. Raymond James & Associates lifted its position in shares of FuelCell Energy by 3.5% during the 4th quarter. Raymond James & Associates now owns 114,154 shares of the energy company’s stock worth $317,000 after purchasing an additional 3,819 shares during the last quarter. Amalgamated Bank lifted its position in shares of FuelCell Energy by 6.9% during the 4th quarter. Amalgamated Bank now owns 63,637 shares of the energy company’s stock worth $177,000 after purchasing an additional 4,103 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its position in shares of FuelCell Energy by 9.6% during the 1st quarter. Vident Investment Advisory LLC now owns 58,303 shares of the energy company’s stock worth $336,000 after purchasing an additional 5,103 shares during the last quarter. Hedge funds and other 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.