Insider Trading Report: FuelCell Energy (FCEL)

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  • Jason Few, CEO of FuelCell Energy (FCEL), recently added 11,000 shares to his holdings. The buy increased his stake by 98 percent, and the total buy came to just under $200,000.

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  • This marks the first insider transaction since late 2018. Insiders have exclusively been buyers of shares looking at data going back to 2013, paying as much as 4 times more than the current price of shares. Insiders own just under 4 percent of shares.

    Shares of the stationary fuel power generations company are up over 1,100 percent in the past year, following years of declines from a 2014 high of over $300 per share.

    In the past year, the company has managed to continue growing its revenue with a 54 percent increase, although the company is not yet profitable.

    Action to take: Shares are in a strong uptrend. Traders can buy shares here looking to follow the rally, but should beware that shares are looking overbought on a technical basis in the short-term, so the current move higher may slow down.

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  • For traders, the July 2021 $30 call, last trading near $6.85, should continue to benefit from the current uptrend in shares. It stands a good chance of moving in-the-money in the coming months. Traders should look for high double-digit profits well before the option expires.