The Chairman of the Board of Douglas Emmett, Inc. (DEI), Dan Emmett Sold 100,000 Shares, Shorts at Fuelcell Energy (FCEL) Raised By 9.93%

June 20, 2017 - By Hazel Jackson

Director Dan Emmett of Douglas Emmett Inc, sold 100,000 of the corporation shares worth approx. $3,896,870 USD with an average of $39.0 stock price per share. This is not his first insider trade, in the last month, he unloaded another 100,000 shares worth $3,793,479 USD. Currently, Dan Emmett has ownership of a total of 1.45 million shares or 0.94% of the company’s market cap (share price times the number of shares outstanding). It is an important sell and hence it will very likely not stay hidden. Dan filled this transaction on 19/06/2017. The 4F filing is freely accessible here at the U.S. Security & Exchange Commission website.

Fuelcell Energy Incorporated (NASDAQ:FCEL) had an increase of 9.93% in short interest. FCEL’s SI was 6.18M shares in June as released by FINRA. Its up 9.93% from 5.62 million shares previously. With 1.51M avg volume, 4 days are for Fuelcell Energy Incorporated (NASDAQ:FCEL)’s short sellers to cover FCEL’s short positions. The SI to Fuelcell Energy Incorporated’s float is 16.29%. The stock increased 2.73% or $0.03 during the last trading session, reaching $1.13. About shares traded. FuelCell Energy Inc (NASDAQ:FCEL) has declined 84.35% since June 20, 2016 and is downtrending. It has underperformed by 101.05% the S&P500.

Fuelcell Energy, Inc. delivers fuel cell power solutions. The company has market cap of $52.65 million. The Firm is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. It currently has negative earnings. The Firm also provides turnkey power generation solutions to the customers, including power plant installation, activities and maintenance.

Among 4 analysts covering FuelCell Energy (NASDAQ:FCEL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. FuelCell Energy had 9 analyst reports since August 11, 2015 according to SRatingsIntel. The company was initiated on Monday, May 2 by Craig Hallum. On Tuesday, August 11 the stock rating was upgraded by Zacks to “Sell”. The firm has “Buy” rating given on Monday, April 11 by Roth Capital. The rating was initiated by FBR Capital with “Outperform” on Friday, December 18. The stock of FuelCell Energy Inc (NASDAQ:FCEL) has “Outperform” rating given on Tuesday, March 15 by FBR Capital. The stock of FuelCell Energy Inc (NASDAQ:FCEL) earned “Mkt Perform” rating by FBR Capital on Wednesday, October 26. The rating was downgraded by Roth Capital to “Neutral” on Tuesday, October 25. The firm has “Outperform” rating given on Friday, March 11 by Cowen & Co. The firm has “Mkt Perform” rating by FBR Capital given on Friday, December 2.

Among 14 analysts covering Douglas Emmett (NYSE:DEI), 5 have Buy rating, 2 Sell and 7 Hold. Therefore 36% are positive. Douglas Emmett has $39 highest and $7 lowest target. $35.33’s average target is -9.57% below currents $39.07 stock price. Douglas Emmett had 34 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Mizuho on Thursday, August 4. The firm has “Neutral” rating by BTIG Research given on Thursday, August 25. The firm has “Neutral” rating by JP Morgan given on Friday, December 16. The firm has “Market Perform” rating given on Thursday, September 10 by BMO Capital Markets. KeyBanc Capital Markets downgraded Douglas Emmett, Inc. (NYSE:DEI) on Monday, December 14 to “Sector Weight” rating. On Monday, August 29 the stock rating was maintained by Barclays Capital with “Underweight”. BMO Capital Markets upgraded the stock to “Outperform” rating in Tuesday, December 8 report. Zacks downgraded Douglas Emmett, Inc. (NYSE:DEI) on Tuesday, August 18 to “Buy” rating. The stock has “Sell” rating by Stifel Nicolaus on Thursday, February 11. Zacks upgraded Douglas Emmett, Inc. (NYSE:DEI) on Monday, September 21 to “Buy” rating.

The stock increased 0.10% or $0.04 during the last trading session, reaching $39.07. About shares traded. Douglas Emmett, Inc. (NYSE:DEI) has risen 18.46% since June 20, 2016 and is uptrending. It has outperformed by 1.76% the S&P500.

Analysts await Douglas Emmett, Inc. (NYSE:DEI) to report earnings on August, 1. They expect $0.48 earnings per share, up 4.35% or $0.02 from last year’s $0.46 per share. DEI’s profit will be $74.21M for 20.35 P/E if the $0.48 EPS becomes a reality. After $0.47 actual earnings per share reported by Douglas Emmett, Inc. for the previous quarter, Wall Street now forecasts 2.13% EPS growth.

Douglas Emmett, Inc. is a self-administered and self-managed real estate investment trust . The company has market cap of $6.04 billion. The Firm is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. It has a 67.71 P/E ratio. The Firm operates through two divisions: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

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