Should You Buy FuelCell Energy, Inc. (FCEL)?

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Consequently, some big names were leading the bulls’ herd. Empire Capital Management established the most outsized position in FuelCell Energy, Inc. (NASDAQ:FCEL). Empire Capital Management had $0.1 million invested in the company at the end of the quarter. D E Shaw also made a $0.1 million investment in the stock during the quarter.

Let’s now review hedge fund activity in other stocks similar to FuelCell Energy, Inc. (NASDAQ:FCEL). We will take a look at Nature’s Sunshine Prod. (NASDAQ:NATR), Foamix Pharmaceuticals Ltd (NASDAQ:FOMX), Eagle Bulk Shipping Inc. (NASDAQ:EGLE), and PICO Holdings Inc (NASDAQ:PICO). This group of stocks’ market caps are closest to FuelCell Energy, Inc. (NASDAQ:FCEL)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NATR 6 79504 -1
FOMX 18 49713 -2
EGLE 5 160970 1
PICO 11 34940 1

As you can see, these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $81 million. That figure was $9 million in FuelCell Energy, Inc. (NASDAQ:FCEL)’s case. Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) is the most popular stock in this table. On the other hand, Eagle Bulk Shipping Inc. (NASDAQ:EGLE) is the least popular one with only 5 bullish hedge fund positions. FuelCell Energy, Inc. (NASDAQ:FCEL) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) might be a better candidate to consider a long position.

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