Traders Buy Large Volume of Call Options on FuelCell Energy (NASDAQ:FCEL)

FuelCell Energy, Inc. (NASDAQ:FCEL) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 10,464 call options on the company. This represents an increase of 55% compared to the average volume of 6,750 call options.

FuelCell Energy Stock Performance

Shares of NASDAQ FCEL traded down $0.03 during midday trading on Thursday, reaching $0.83. 25,471,024 shares of the company traded hands, compared to its average volume of 21,099,414. The company has a debt-to-equity ratio of 0.17, a current ratio of 8.26 and a quick ratio of 6.35. The stock has a 50-day moving average price of $1.01 and a 200 day moving average price of $1.19. FuelCell Energy has a 52 week low of $0.64 and a 52 week high of $2.94. The company has a market cap of $374.96 million, a price-to-earnings ratio of -3.07 and a beta of 3.83.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Thursday, March 7th. The energy company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. FuelCell Energy had a negative net margin of 105.56% and a negative return on equity of 15.89%. The firm 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 business earned ($0.05) earnings per share. FuelCell Energy’s revenue for the quarter was down 55.0% compared to the same quarter last year. Sell-side analysts anticipate that FuelCell Energy will post -0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FuelCell Energy

Several hedge funds and other institutional investors have recently bought and sold shares of FCEL. Catalyst Capital Advisors LLC increased its stake in FuelCell Energy by 84.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 21,490 shares of the energy company’s stock worth $28,000 after purchasing an additional 9,868 shares in the last quarter. Millburn Ridgefield Corp increased its stake in FuelCell Energy by 84.9% in the 3rd quarter. Millburn Ridgefield Corp now owns 21,490 shares of the energy company’s stock worth $28,000 after purchasing an additional 9,868 shares in the last quarter. Arizona State Retirement System increased its stake in FuelCell Energy by 8.8% in the 4th quarter. Arizona State Retirement System now owns 125,970 shares of the energy company’s stock worth $202,000 after purchasing an additional 10,152 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in FuelCell Energy by 11.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 103,714 shares of the energy company’s stock worth $133,000 after purchasing an additional 10,492 shares in the last quarter. Finally, Swiss National Bank increased its stake in FuelCell Energy by 1.2% in the 3rd quarter. Swiss National Bank now owns 894,000 shares of the energy company’s stock worth $1,144,000 after purchasing an additional 10,700 shares in the last quarter. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Company Profile

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.