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.
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.
- The Biggest Income Secret of 2021
Let’s face it: Things are different right now.
We can’t do all of the things we’re used to doing. But not everything has been affected…
One of the most powerful ways to make extra cash still works straight from your house — and can score you instant upfront payouts of $500… $1,500… even over $3,000 each weekday.
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.
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.