FuelCell Energy Short Interest Down 5.9% in May (FCEL)
FuelCell Energy (NASDAQ:FCEL) saw a large drop in short interest in the month of May. As of May 30th, there was short interest totalling 33,402,251 shares, a drop of 5.9% from the May 15th total of 35,481,869 shares, American Banking News reports. Approximately 15.3% of the company’s shares are short sold. Based on an average daily trading volume, of 5,658,043 shares, the short-interest ratio is presently 5.9 days.
FCEL has been the subject of a number of recent research reports. Analysts at Cowen and Company cut their price target on shares of FuelCell Energy from $2.70 to $2.40 in a research note on Thursday, June 5th. Separately, analysts at ISI Group cut their price target on shares of FuelCell Energy to $2.40 in a research note on Thursday, June 5th. Finally, analysts at Stifel Nicolaus initiated coverage on shares of FuelCell Energy in a research note on Wednesday, May 28th. They set a “buy” rating and a $2.90 price target on the stock. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.36.
FuelCell Energy (NASDAQ:FCEL) opened at 2.23 on Tuesday. FuelCell Energy has a 52-week low of $1.10 and a 52-week high of $4.74. The stock has a 50-day moving average of $2.18 and a 200-day moving average of $2.03. The company’s market cap is $579.9 million.
FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.04). The company had revenue of $38.27 million for the quarter, compared to the consensus estimate of $44.73 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was down 9.8% on a year-over-year basis. On average, analysts predict that FuelCell Energy will post $-0.14 earnings per share for the current fiscal year.
FuelCell Energy, Inc (NASDAQ:FCEL) is a integrated fuel cell company.
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