Investors Buy High Volume of Call Options on FuelCell Energy (NASDAQ:FCEL)

by · The Markets Daily

FuelCell Energy, Inc. (NASDAQ:FCEL – Get Free Report) was the target of unusually large options trading activity on Thursday. Stock traders bought 11,003 call options on the stock. This represents an increase of 47% compared to the typical daily volume of 7,463 call options.

Wall Street Analysts Forecast Growth

FCEL has been the subject of a number of research reports. UBS Group lifted their target price on shares of FuelCell Energy from $4.50 to $7.25 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Zacks Research raised shares of FuelCell Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FuelCell Energy in a research note on Monday. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.53.

View Our Latest Research Report on FCEL

Institutional Trading of FuelCell Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of FuelCell Energy by 2.3% during the 3rd 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 during the period. Invesco Ltd. grew its holdings in FuelCell Energy by 194.5% in the third quarter. Invesco Ltd. now owns 858,279 shares of the energy company’s stock valued at $6,695,000 after purchasing an additional 566,852 shares during the period. Two Sigma Investments LP acquired a new position in FuelCell Energy during the third quarter worth approximately $5,348,000. UBS Group AG raised its stake in FuelCell Energy by 30.1% during the third quarter. UBS Group AG now owns 435,152 shares of the energy company’s stock worth $3,394,000 after purchasing an additional 100,724 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of FuelCell Energy by 15.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 385,021 shares of the energy company’s stock valued at $3,003,000 after purchasing an additional 50,228 shares during the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Trading Up 34.7%

Shares of NASDAQ:FCEL traded up $2.74 during midday trading on Thursday, reaching $10.64. The company’s stock had a trading volume of 6,667,184 shares, compared to its average volume of 2,092,978. The firm has a market cap of $343.66 million, a price-to-earnings ratio of -1.15 and a beta of 1.17. The business has a 50 day moving average price of $7.89 and a 200 day moving average price of $6.56. FuelCell Energy has a 1 year low of $3.58 and a 1 year high of $13.98. The company has a quick ratio of 3.85, a current ratio of 5.37 and a debt-to-equity ratio of 0.21.

About FuelCell Energy

(Get Free Report)

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.

See Also