The stock is trading at $2.19 which is impressively higher than the 50 day moving average which is $1.94 and much higher than the 200 day moving average of $1.47. The 50 day moving average was up $0.25 or +12.98% and the 200 day average moved up $0.72. Trading was light with 1,049K shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 60.28% under the normal average daily volume.
Traders are more bearish on shares of the company recently as implied by the increase in short interest. The company experienced a rise in short interest of 11.32% as of October 13, 2017 from the last reporting period. Short interest grew 719,394 over that period. Days to cover decreased -1.0 to 2.0 and the short interest percentage is 0.12% as of October 13.
These firms have modified their investment in FCEL. Ubs Group Ag added to its investment by buying 3,695 shares an increase of 349.6% as of 06/30/2017. Ubs Group Ag now controls 4,752 shares with a value of $6,000. The total value of its holdings increased 500.0%. Creative Planning trimmed its stake by selling 797 shares a decrease of 5.9% in the quarter. Creative Planning claims 12,625 shares valued at $22,000. The value of the position overall is up by 29.4%.
Meeder Asset Management Inc expanded its holdings by buying 2,777 shares an increase of 430.5% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc owns 3,422 shares worth $6,000. The value of the position overall is up by 500.0%. As of quarter end Simplex Trading, LLC had disposed of a total of 15,232 shares trimming its stake by 98.5%. The value in dollars went from $19,000 to $0 decreasing 100.0% quarter over quarter.
Raymond James initiated coverage on the stock with an initial rating of “Market Perform”. On October 4, 2017 Oppenheimer starting coverage on FCEL giving it an initial rating of “Outperform”.
As of the latest earnings report the EPS was $-1.41 and is estimated to be $-1.19 for the current year with 61,485,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $-0.19 with next year’s EPS projected to be $-0.70.
FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. It develops direct fuelcell (DFC) plants that generate electricity, heat, and hydrogen for industrial and/or transportation uses, as well as a fuel cell carbon capture solution for coal or gas-fired power plants; and solid oxide fuel cell plants for adjacent sub-megawatt applications to the markets for megawatt-class DFC power plants, as well as energy storage (reversible solid oxide fuel cell) applications utilizing hydrogen as an energy carrier. The company serves various markets, such as utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, and commercial and hospitality. It primarily operates in the United States, South Korea, England, Germany, and Canada. The company has strategic alliances with POSCO Energy Co., Ltd.; The Fraunhofer Institute for Ceramic Technologies and Systems IKTS; and E.ON Connecting Energies GmbH. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut..