FuelCell Energy posiluje po zvýšení doporučení UBS na Buy z Neutral a zvýšení cílové ceny na 27 USD z 22 USD. Akcie FCEL byly v úterý v době zveřejnění výše o 14,31 %.
FuelCell Energy, Siemens Partnership Targets Large-Scale ProjectsSiemens will provide electrical balance-of-plant (EBOP) systems for FuelCell Energy installations supporting commercial projects exceeding 100 megawatts.
The companies will jointly develop distributed energy solutions combining fuel cells, battery storage, microgrid controls and medium-voltage electrical equipment, with a focus on reducing deployment timelines and costs.
The agreement also includes pilot projects for technologies such as medium-voltage DC power delivery and modular electrical systems that could advance to full-scale commercial deployments.
Stock Rebounds From Discounted OfferingThe stock is also recovering from volatility tied to the company’s upsized $225 million equity offering.
The company priced 10.71 million shares at $21 each, about 19% below the prior closing price of $25.96.
The recovery suggests investors are shifting some attention from dilution concerns toward the company’s ability to execute large-scale deployments.
UBS Turns BullishUBS upgraded FCEL to Buy from Neutral and raised its price forecast to $27 from $22.
The upgrade adds to improving sentiment around the stock and provides a higher valuation benchmark following the equity offering.
Although the broader market remained modestly positive, the stock’s sharp advance appeared to be driven primarily by company-specific catalysts rather than sector-wide momentum.
FuelCell Energy Price ActionFCEL Price Action: FuelCell Energy shares were up 14.31% at $21.81 at the time of publication on Tuesday, according to Benzinga Pro data.
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FuelCell Energy oznámila spolupráci se Siemens na rychlém nasazení komerčních projektů s roztavenými karbonátovými palivovými články. Firma má backlog ve výši 1,14 miliardy USD a pipeline vzrostla mezi 1. a 2. čtvrtletím 2026 o 267 % sekvenčně.
Patient FuelCell Energy (FCEL 8.56%) investors have been rewarded thus far this year, with the power plant fuel cell specialist's stock rising more than 187% in 2026 and over 275% in the past 12 months.
Shareholders received more good news this week as FuelCell announced a collaboration and memorandum of understanding with Siemens (SIEGY 0.15%). Through this partnership, Siemens will support the rapid deployment of commercial projects involving molten carbonate fuel cells designed and produced by FuelCell Energy.
Image source: Getty Images.
This is a strong signal as to where FuelCell is heading. Siemens' electrical infrastructure expertise, sheer size, and capabilities will enable the company to scale at a new level.
FuelCell has a large backlog of projects totaling $1.14 billion as of the company's second-quarter 2026 earnings report. The sales pipeline grew 267% sequentially between Q1 and Q2 of 2026, signaling that the company has growing demand.
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FuelCell remains a higher-risk investment, with a beta of 2.3; investors in the company need a stomach for volatility. Yet, as shares trade well below their 52-week high of $37.88, FuelCell looks like a rocket ship poised to launch into the AI power crisis.
Investors are also concerned about dilution, as FuelCell recently announced an offering of new common stock worth about $225 million. The short-term pain seems relatively insignificant given the opportunity FuelCell has in the intermediate and long terms. Data center power demand is expected to double in the next year.
On-site generation is the future for data centers that desperately need reliable power. Successful execution and scaling of FuelCell's technology could lead to serious recurring revenue for years to come.
If you are OK with short-term share price volatility, you might want to give this infrastructure stock a closer look.
Catie Hogan has positions in FuelCell Energy. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
FuelCell Energy uzavřela dohodu s Fit Energy na dodávku až 380 MW karbonátových palivových článků pro datová centra. Závazná je zatím jen první fáze o 30 MW, dodávky mají přijít do konce roku.
As hyperscalers build out artificial intelligence (AI) data centers at a staggering pace, they face a massive bottleneck: a lack of reliable energy.
One of the biggest beneficiaries over the past year is Bloom Energy (BE 9.02%), the fuel cell manufacturer, whose stock has surged more than 1,000% since the start of 2025. The company is seeing incredibly robust demand from data center operators, illustrating a massive opportunity for companies that can quickly address the growing energy needs.
Another company that's made headlines with a data center deal of its own is FuelCell Energy (FCEL 10.56%). The company could be the next big winner as demand for power surges, but investors should know a few things before buying the stock.
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FuelCell's recent data center deal is an important first step Solid oxide fuel cells have emerged as a popular option to quickly meet energy needs. These fuel cells provide continuous baseload energy using natural gas and, down the road, other lower-carbon fuels like hydrogen and biogas. In addition, fuel cells can support microgrids and boost energy resilience by dynamically adjusting their output to complement intermittent renewables such as wind and solar.
FuelCell Energy has spent decades developing molten carbonate fuel cell systems to deliver continuous, low-emissions electricity for customers, but has struggled to translate that into commercial success. Sales have been uneven and volatile amid extended development cycles, while profitability is constrained by the capital-intensive nature of manufacturing.
That said, AI workloads are driving unprecedented electricity demand, and power grid bottlenecks create a need for alternative sources. FuelCell Energy's distributed generation systems can provide continuous, on-site baseload electricity directly to hyperscalers, bypassing utility infrastructure.
Image source: Getty Images.
FuelCell Energy recently entered an agreement with Fit Energy, marking a huge milestone for the fuel cell developer. As part of the agreement, Fit Energy will purchase up to 380 megawatts of carbonate fuel cell systems for data centers across four phases.
One thing to bear in mind is that only the initial 30 MW phase is committed, with deliveries expected by the end of this year. The remainder consists of options that Fit Energy may elect to pursue in increments, with milestone-based deposits required before each phase becomes effective.
Is FuelCell stock a buy? FuelCell's agreement with Fit Energy is an important first step in validating its technology and could serve as a roadmap for future deals. With that said, the company will need to ramp up capacity and prove it can meet these demands, much like Bloom Energy did when it delivered on-site power to Oracle in only 55 days one year ago.
FCEL Net Income (TTM) data by YCharts
Before purchasing FuelCell stock, it's important to understand its current financial situation. Over the past 12 months, FuelCell has lost nearly $225 million. Meanwhile, over the past three years, the company's outstanding shares have increased from 14.8 million to 63.5 million as it has struggled with high cash burn. The company recently announced it would raise another $225 million in equity to expand its manufacturing capacity.
Given its cash burn and shareholder dilution over the years, FuelCell remains a high-risk, high-reward stock that needs to prove it can deliver to data center customers before most investors should consider buying.
Siemens a FuelCell Energy uzavřely memorandum o spolupráci na škálovatelných palivových článcích pro on-site výrobu elektřiny. Cílí na rychlé nasazení komerčních projektů nad 100 MW.
Collaboration advances on-site energy deployment through aligned electrical infrastructure and fuel cell technologies July 09, 2026 07:00 ET | Source: FuelCell Energy, Inc.; Siemens
WENDELL, N.C. and DANBURY, Conn., July 09, 2026 (GLOBE NEWSWIRE) -- Siemens and FuelCell Energy, Inc. (Nasdaq: FCEL) have announced a collaboration to accelerate the growth of fuel cell-based power generation. The agreement aligns electrical design and supply with fuel cell technologies to support deployment of distributed energy systems.
As part of the collaboration, formalized in a memorandum of understanding, Siemens will design and supply electrical balance of plant (EBOP) systems for fuel cell installations, supporting the rapid deployment of 100+ MW commercial projects.
Siemens’ expertise in EBOP design and integration supports its position as a premier provider of electrical infrastructure for fuel cell-based power solutions. A leading turnkey fuel cell power producer, FuelCell Energy designs, manufactures, operates, and services fuel cell power plants for a range of mission-critical applications globally, including data centers, industrial facilities, utilities, and other distributed generation customers.
The work includes joint project development spanning engineering, integration, and delivery of distributed energy systems incorporating fuel cells, battery energy storage, microgrid controls, and medium-voltage electrical equipment. The companies will evaluate opportunities to scale and deploy solutions that improve timelines, reduce costs, and increase deployments.
“The rapid growth of electrification and distributed energy is redefining how power must be delivered at scale,” said Kevin Brown, Head of Sustainability Solutions, Electrification and Automation, at Siemens Smart Infrastructure USA. “By combining FuelCell Energy’s fuel cell technology with Siemens’ electrical infrastructure, service, and integration expertise, we can deliver scalable, on-site power solutions for energy-intensive applications – helping customers deploy power faster, scale with confidence, and advance their transition to lower-emission, more resilient energy systems.”
FuelCell Energy’s Chief Product and Technology Officer, Shankar Achanta, said, “This collaboration with Siemens enables us to deliver what the market has been asking for—bringing generation and electrical infrastructure together into a single, scalable solution. For customers, that means reliable, on-site power that is faster to deploy and built to scale, beginning with the data centers driving today’s demand.”
Additional efforts include pilot projects and solution development initiatives to assess new applications for fuel cell systems and electrical infrastructure, including medium-voltage DC power delivery and modular electrical systems. The agreement defines a path to transition successful pilot outcomes into full-scale commercial deployments, including the identification of target markets and deployment approaches.
Press Contacts
About Siemens
Siemens Corporation is a U.S. subsidiary of Siemens AG, a leading technology company focused on industry, infrastructure, transport, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. A leader in industrial AI, Siemens leverages its deep domain know-how to apply AI – including generative AI – to real-world applications, making AI accessible and impactful for customers across diverse industries. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.
In fiscal year 2025, which ended on September 30, 2025, the Siemens Group USA generated revenue of $24.427 billion with 25 manufacturing sites across the U.S. and more than 50,000 employees serving customers in all 50 states and Puerto Rico.
Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings, and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions, and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. To protect this journey, we foster holistic cybersecurity to ensure secure and reliable operations. Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland, and its U.S. corporate headquarters in Peachtree Corners, Georgia, USA. As of September 30, 2025, the business had around 79,400 employees worldwide.
About FuelCell Energy
FuelCell Energy, Inc. (NASDAQ: FCEL) is an American clean energy technology company delivering continuous, scalable baseload power for mission-critical applications globally. The company’s fuel cell systems generate electricity directly at the point of use, enabling reliable, low-emissions power for data centers, industrial facilities, utilities, and distributed generation customers. FuelCell Energy delivers commercially proven, modular, utility-scale systems—backed by global fuel cell deployments approaching one gigawatt. Learn more at www.FuelCellEnergy.com.
FuelCell Energy za měsíc od posledních výsledků přidala asi 48,4 % díky rostoucímu výhledu a silnému zájmu o datová centra. Tržby za 2. čtvrtletí ale klesly na 35,6 milionu USD a upravená ztráta činila 58 centů na akcii.
A month has gone by since the last earnings report for FuelCell Energy (FCEL - Free Report) . Shares have added about 48.4% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is FuelCell Energy due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for FuelCell Energy, Inc. before we dive into how investors and analysts have reacted as of late.
FuelCell Q2 Earnings MissFuelCell Energy posted a second-quarter fiscal 2026 adjusted loss of 58 cents per share, wider than the Zacks Consensus Estimate of a 54-cent loss. The underperformance was tied largely to softer service and generation activity. Management attributed the service decline to the absence of module exchanges during the quarter, while generation revenue reflected lower operating output as the Groton project underwent repairs.
However, the bottom line improved from the year-ago adjusted loss of $1.79 on the back of cost reduction and operating efficiency.
Quarterly revenues came in at $35.6 million, below the Zacks Consensus Estimate of $41 million and the year-ago sales of $37.4 million. Even so, contracted backlog remained sizable at more than $1.1 billion as of April 30, 2026.
FuelCell Energy generated $18 million of product revenues in the quarter, supported by scheduled module deliveries to Gyeonggi Green Energy in South Korea. Service revenues were $4.2 million, while generation revenues were $8.7 million and advanced technologies revenues were $4.7 million.
FuelCell Energy Leans Into Data Centers as Pipeline JumpsFCEL emphasized accelerating demand for behind-the-meter baseload power tied to AI and high-density data center buildouts. During the quarter, the company highlighted a 4-gigawatt proposal pipeline, with data centers accounting for roughly 89% of the total.
Management also pointed to a larger deal profile, with average proposal size rising to 130 megawatts as of May 1, 2026. The company believes its standardized 12.5-megawatt “FuelCell Energy Block” is designed to reduce repeat engineering and permitting work and support faster multi-megawatt deployments.
FCEL Takes a Large Hit From Groton-Related ChargesProfitability was weighed down by a significant non-cash impairment tied to the Groton project. The company recorded a $42.6 million impairment expense related to its decision to upgrade equipment at the 7.4-megawatt Groton Navy project to utilize three standard 2.5-megawatt blocks.
As a result, operating expenses rose to about $65 million in the quarter, and loss from operations widened to $77.9 million. While the impairment drove most of the year-over-year increase, management framed the upgrade as a reliability-focused decision tied to supporting a critical U.S. government asset.
FuelCell Energy’s Cash Position Strengthens After Equity SalesFuelCell Energy ended the quarter with $440.9 million in total cash, cash equivalents and restricted cash, including $373.2 million of unrestricted cash and $67.7 million of restricted cash.
The balance sheet benefited from equity issuance under the company’s at-the-market program. During the quarter, FCEL sold about 10.9 million shares at an average price of $9.45 per share for net proceeds of roughly $100.4 million, and it completed additional sales after quarter-end at a higher average price.
FCEL Scales Torrington Toward 500 MW of Annual CapacityFCEL is moving forward with manufacturing expansion at its Torrington, CT facility, initiating work to support an annualized production rate of up to 500 megawatts. The company reiterated an estimated total expansion cost of $200-$275 million, with execution expected over the next 24 months.
For fiscal 2026 specifically, management maintained its $20-$30 million capital spending plan tied to the ramp, while noting that capacity will be expanded in alignment with demand and structured capital support. Separately, the company reiterated a key profitability marker, targeting adjusted EBITDA positivity once it reaches consistent production volumes at or above a 100-megawatt annualized run rate.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.
The consensus estimate has shifted 33.93% due to these changes.
VGM ScoresCurrently, FuelCell Energy has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. However, the stock was allocated a score of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of this revision looks promising. It comes with little surprise FuelCell Energy has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
FCEL těží z poptávky datových center s umělou inteligencí po stabilní energii; jeho projektový pipeline dosáhl asi 4 GW a 89 % z něj souvisí s datovými centry. Firma zároveň plánuje zvýšit kapacitu v Torringtonu na 500 MW.
Key Takeaways FCEL is drawing investor interest as AI data centers increase demand for steady on-site power.FCEL's proposal pipeline reached about 4 GW, with 89% tied to potential data-center customers.FCEL plans to lift Torrington capacity to 500 MW as its 12.5-MW modular block supports growth. FuelCell Energy (FCEL - Free Report) has been one of the strongest clean-energy stocks recently, with shares climbing nearly 300% in the past three months. After such a sharp move, investors may wonder whether the opportunity has already passed. However, FCEL’s rally is not based only on short-term excitement. The company is gaining attention because artificial intelligence (AI) data centers need huge amounts of steady electricity, and existing power grids often cannot supply that power quickly enough. FuelCell Energy offers on-site fuel-cell systems that can provide continuous power where it is needed. This gives FCEL a clearer growth story, especially as investors also watch Bloom Energy (BE - Free Report) and Plug Power (PLUG - Free Report) in the clean-power and hydrogen space.
Image Source: Zacks Investment Research
AI Data Centers Are Driving FCEL’s Opportunity
AI data centers run powerful computers around the clock. These facilities cannot afford power shortages or long delays in getting electricity. FuelCell Energy’s systems are designed to provide reliable baseload power directly at customer sites, helping reduce dependence on slow grid upgrades, new transmission lines or long utility interconnection timelines.
This is why FCEL’s business pipeline has expanded sharply. The company’s submitted proposal pipeline reached about 4 gigawatts in the fiscal second quarter, up more than 250% from the prior quarter. Around 89% of that pipeline is tied to potential data-center customers. That means most of FCEL’s current growth opportunity is linked to AI and digital infrastructure. Bloom Energy is also benefiting from the same theme, as BE markets on-site power systems for data centers and mission-critical facilities. Plug Power, meanwhile, is pursuing hydrogen and fuel-cell applications across several markets. While Bloom Energy and Plug Power are larger clean-energy names, FuelCell Energy is building a focused story around AI-driven demand for dependable electricity.
Image Source: FuelCell Energy
Modular Product and Manufacturing Scale Add Support
FuelCell Energy has introduced a standardized 12.5-megawatt (“MW”) FuelCell Energy Block. For a layman, this works like a power building block. A customer can begin with one block and add more as electricity demand increases. This is important for data centers because they often want to grow in phases instead of building all their power capacity at once.
The company says the 12.5-MW block uses its proven 1.25-MW modules and is designed to reduce repeat engineering and permitting work. That could make projects easier to plan and faster to deploy. FuelCell Energy is also expanding its Torrington, CT, manufacturing facility. Management now plans to raise annual production capacity to 500 MW, compared with the earlier 350-MW target. The company has said it will expand capacity in line with customer demand, contracted backlog and capital support. This disciplined approach matters because investors want growth, but not reckless spending. Bloom Energy and Plug Power also need strong execution to capture clean-energy demand, so FCEL’s ability to convert proposals into firm contracts will be critical.
Partnerships and Earnings Estimates Strengthen the Case for FCEL
FCEL’s story is not limited to data centers. The company continues to deliver fuel-cell modules to Gyeonggi Green Energy in South Korea and is involved in work tied to the AI Daegu Data Center opportunity. These projects support its international clean-energy presence. Another important opportunity is carbon capture. FuelCell Energy is working with ExxonMobil on technology that can capture carbon while producing power. Two carbon-capture modules were sent to Rotterdam for delivery to ExxonMobil’s facility. If this technology proves successful, FCEL could gain another long-term market beyond power generation.
Apart from price performance, FCEL’s earnings outlook is also improving. The Zacks Consensus Estimate for fiscal 2026 earnings implies a 59% improvement, while the estimate for fiscal 2027 points to another 27% improvement. This does not mean FCEL is already highly profitable, but it suggests analysts expect losses to narrow as the business scales. FuelCell Energy also ended the latest quarter with nearly $441 million in total cash, cash equivalents and restricted cash. That gives the company flexibility to support manufacturing expansion and commercial activity. Management has indicated that reaching a consistent annual production of at least 100 MW is important for moving toward positive adjusted EBITDA. Simply put, FCEL needs more volume to spread costs across a larger revenue base.
Image Source: Zacks Investment Research
Conclusion
FuelCell Energy is not a risk-free stock. The company still needs to turn its large proposal pipeline into signed contracts, grow backlog, improve profitability and compete with Bloom Energy and Plug Power. However, the stock’s sharp rally looks supported by real growth themes, including AI data-center power demand, modular fuel-cell products, manufacturing expansion, international projects, carbon-capture potential and improving earnings estimates. For investors who understand the risks, FCEL may still offer upside even after its near-quadruple move in three months. FCEL stock is currently a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
FuelCell Energy oznámila zahájení upsané veřejné nabídky akcií za 200 milionů USD. Výnosy chce použít na kapitálové výdaje související s rozšířením výrobní kapacity na podporu růstu, provozní kapitál a obecné firemní účely.
July 07, 2026 16:05 ET | Source: FuelCell Energy, Inc.
DANBURY, Conn., July 07, 2026 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) today announced the launch of an underwritten public offering of $200 million of shares of its common stock (the “Offering”). All of the shares are being offered by FuelCell Energy. FuelCell Energy expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock sold in the offering at the public offering price, less underwriting discounts and commissions. FuelCell Energy intends to use the net proceeds from the Offering, if completed, for capital expenditures related to expansion of manufacturing capacity to support growth, working capital and general corporate purposes. The Offering is subject to market conditions and other factors, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.
Citigroup and Barclays are acting as joint book-running managers for the Offering.
A shelf registration statement on Form S-3 (333-296607) relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and became automatically effective on June 8, 2026. The Offering may be made only by means of a prospectus supplement and accompanying prospectus. A preliminary prospectus supplement relating to and describing the terms of the Offering will be filed with the SEC and copies of the preliminary prospectus supplement relating to the Offering may be obtained for free by visiting the SEC’s website at www.sec.gov. When available, copies of the preliminary prospectus supplement and the accompanying prospectus may also be obtained by contacting: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146) and Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847 or by e-mail at [email protected]. The final terms of the Offering will be disclosed in a final prospectus supplement to be filed with the SEC.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). All statements other than statements of historical fact included in this press release are forward-looking statements. Words such as “expects,” “anticipates,” “estimates,” “goals,” “projects,” “intends,” “plans,” “believes,” “predicts,” “should,” “seeks,” “will,” “could,” “would,” “may,” “forecast,” and similar expressions and variations of such words are intended to identify forward-looking statements and are included, along with this statement, for purposes of complying with the safe harbor provisions of the PSLRA. These forward-looking statements include, but are not limited to, statements about FuelCell Energy’s proposed public offering and FuelCell Energy’s intention to grant the underwriters an option to purchase additional shares. Forward-looking statements are neither historical facts, nor assurances of future performance. Instead, such statements are based only on our beliefs, expectations, and assumptions regarding the future. The forward-looking statements contained in this press release are subject to risks and uncertainties, known and unknown, that could cause actual results and future events to differ materially from those set forth in or contemplated by the forward-looking statements, including, without limitation, risks and uncertainties related to, among other things, market conditions and the demand for FuelCell Energy’s securities. These and other risks are described in greater detail under the section titled “Risk Factors” contained in the preliminary prospectus supplement and the accompanying prospectus, the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and the Company’s other filings with the SEC. Any forward-looking statements that the Company makes in this press release are made pursuant to the PSLRA and speak only as of the date of this press release. Except as required by law, the Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
About FuelCell Energy
FuelCell Energy, Inc. (Nasdaq: FCEL) is an American clean energy technology company delivering continuous, scalable baseload power for mission-critical applications globally. The Company’s fuel cell systems generate electricity directly at the point of use, enabling reliable, low-emissions power for data centers, industrial facilities, utilities, and distributed generation customers. FuelCell Energy delivers commercially proven, modular, utility-scale systems backed by global fuel cell deployments.
FuelCell Energy posiluje díky dohodě s Fit Energy a nerozředěnému financování od EXIM. Firma uvádí, že více než 80 % jejího 1,5GW pipeline míří na trh napájení AI datacenter.
FuelCell stock is challenging resistance. Why are FCEL shares at highs? The Fit Energy DealThe deal represents a major step in FuelCell’s pivot toward the AI data center power market, a segment where the company says more than 80% of its 1.5-gigawatt proposal pipeline is now concentrated.
The EXIM FinancingCritically, the financing is structured as a loan guarantee through EXIM’s program, making it non-dilutive—providing capital without a share sale, which had been a persistent concern among investors.
Analyst Consensus & Recent ActionsThe stock carries a Hold rating with an average price target of $22.00. Recent analyst moves include:
B. Riley Securities: Upgraded to Buy (Raises Target to $32.00) (June 29) UBS: Neutral (Raises Target to $22.00) (June 26) Jefferies: Upgraded to Buy (Raises Target to $24.00) (June 26) FuelCell Shares Shoot HigherFCEL Price Action: At the time of publication, FuelCell shares are trading 3.42% higher at $37.24, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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EXIM schválil financování FuelCell Energy ve výši 49 milionů USD na podporu vývozu americké čisté energetiky. První tranše má podpořit dodávku pěti bloků o výkonu 2,8 MW do Gyeonggi Green Energy v Jižní Koreji.
June 29, 2026 07:30 ET | Source: FuelCell Energy, Inc.
DANBURY, Conn., June 29, 2026 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) announced that the Board of Directors of the Export-Import Bank of the United States (EXIM) approved a financing package on June 23, 2026, of $49 million to be disbursed in two tranches.
The first tranche, expected to disburse on June 30, 2026, provides the company with net proceeds of approximately $22 million after financing fees and customary expenses and reserves to support the delivery of five 2.8-megawatt (MW) FuelCell Energy Blocks to Gyeonggi Green Energy (GGE) in South Korea. With nearly 60 MW of installed capacity, GGE’s site is among the largest fuel cell installations in the world and serves as an important example of distributed utility-scale clean energy deployment. A second tranche is expected to be disbursed in October 2026, subject to customary closing conditions.
EXIM structured the financing under its loan guarantee program and arranged with Private Export Funding Corporation (PEFCO), supporting the export of American clean energy technology to international markets. It builds upon FuelCell Energy’s prior EXIM-supported financing completed in 2024 and 2025 and reflects continued support for the company’s export of U.S.-manufactured clean energy technology.
“EXIM’s approval validates the strength of this project, our partnership with Gyeonggi Green Energy, FuelCell Energy’s business plan, and our ability to deliver distributed utility-scale clean power globally,” said Michael Bishop, FuelCell Energy’s Chief Financial Officer. “This financing adds non-dilutive capital to support growth and provides added flexibility as we invest in scaling manufacturing capacity, pursuing strategic opportunities in global power markets and mirroring our distributed utility scale solutions to AI factories and data centers.”
FuelCell Energy manufactures its clean, baseload fuel cell technology in Torrington, Conn., supporting domestic manufacturing, U.S. supply chains, and skilled American jobs. The transaction aligns with EXIM’s mission to support U.S. manufacturing, exports, and global competitiveness. Approximately 90% of the content in FuelCell Energy Blocks is sourced from the United States.
About FuelCell Energy
FuelCell Energy, Inc. is an American clean energy technology company delivering continuous, scalable baseload power for mission critical applications globally. The company’s fuel cell systems generate electricity directly at the point of use, enabling reliable, low emissions power for data centers, industrial facilities, utilities, and distributed generation customers. FuelCell Energy delivers commercially proven, modular, utility-scale systems—backed by global fuel cell deployments approaching one gigawatt. Learn more at www.fuelcellenergy.com.
FuelCell Energy získala od Jefferies zvýšení doporučení z Hold na Buy a cílovou cenu z 16 USD na 24 USD. Akcie FCEL zároveň rostly po dohodě s Fit Energy až o 25,50 % na 24,66 USD.
FuelCell Energy stock is charging ahead with explosive momentum. Why are FCEL shares rallying? Thursday’s Deal With Fit Energy Set The StageIn the prior session, FuelCell Energy revealed a new commercial arrangement with Fit Energy that covers as much as 380 megawatts of clean on-site power for data center customers. The plan uses the company’s large-scale fuel cell systems to supply baseload power directly at the facilities.
The agreement includes an upfront deposit tied to an initial 30 megawatts that are expected to begin delivery later this year. Fit Energy can also earn warrants based on future deployment milestones up to the full 380 megawatts, which ties long term value creation to successful project progress.
Friday’s Move Comes From A Fresh Analyst UpgradeOn top of yesterday’s arrangement, Jefferies analyst Dushyant Ailani upgraded FuelCell Energy from Hold to Buy and raised the price target from $16 to $24. The upgrade arrives immediately after the Fit Energy announcement, reinforcing the idea that the agreement could play a meaningful role in the company’s growth outlook.
Critical Levels To Watch For FCEL StockMomentum indicators support the move. MACD is above its signal line and the histogram is positive, which signals that buying pressure is improving compared with the previous downswing. When MACD stays above its signal line, it often means buyers are absorbing pullbacks quickly and maintaining control of the trend.
Key Resistance: $27.50 — This level sits near the 52-week high zone and can act as a ceiling where rallies may slow. FCEL Shares Are FlyingFCEL Price Action: FuelCell shares were up 25.50% at $24.66 at the time of publication on Friday, according to Benzinga Pro.
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FuelCell Energy těží z poptávky po AI datových centrech; 89 % návrhů v pipeline za 2. fiskální čtvrtletí míří právě tam. Kontrahovaný backlog ale meziročně klesl o 9,9 % na 1,14 miliardy USD.
Key Takeaways FuelCell Energy is gaining attention as AI data centers drive demand for reliable on-site baseload power.FCEL's fiscal second-quarter pipeline reached 4 GW, with 89% of proposals tied to data centers.Contracted backlog fell 9.9% year over year, keeping revenue timing and order conversion in focus. FuelCell Energy (FCEL - Free Report) is increasingly trading around a larger market theme: AI infrastructure needs reliable on-site power faster than the grid can often deliver.
That gives FCEL a clearer growth story, but investors still need to separate theme exposure from execution. The opportunity is real, yet the company must convert proposals into contracts and revenue.
FuelCell Energy Taps the AI Power CrunchAI and high-density data centers are creating demand for continuous behind-the-meter baseload power. FCEL’s fiscal second-quarter pipeline reached 4 GW, up 267% sequentially, with about 89% of proposals tied to data centers.
Image Source: FuelCell Energy
The company is positioning its platform around time-to-power, modular scaling, direct current output and integrated cooling. Its technology is meant to help customers reduce dependence on constrained transmission infrastructure and address permitting friction in power-tight markets.
Bloom Energy (BE - Free Report) is also tied to this emerging theme, with on-site fuel-cell power marketed for data centers and mission-critical infrastructure. Its role in the same market reinforces how AI power demand is broadening investor attention beyond traditional utilities.
FCEL Joins the Shift to Standardized PowerFCEL’s standardized 12.5-MW FuelCell Energy Block is central to its data center push. The product combines 10 of the company’s 1.25-MW modules and is designed to reduce repeat engineering and permitting work.
That matters because large AI infrastructure buyers need repeatable deployment models. A standardized design may make bigger projects easier to plan and phase, improving the commercial appeal of FCEL’s systems in grid-constrained markets.
FuelCell Energy Extends Beyond Baseload PowerFCEL’s trend story is not limited to data centers. Its carbonate platform can support distributed generation, cooling, biogas use, hydrogen production and carbon capture, giving the company optionality in industrial decarbonization.
The company’s carbon capture modules headed to Rotterdam for ExxonMobil expand that optionality. The Rotterdam pilot is expected to test technology that captures carbon while producing power and hydrogen, potentially opening another industrial market if the demonstration succeeds.
Image Source: FuelCell Energy
Plug Power (PLUG - Free Report) offers another example of how hydrogen and fuel-cell companies are pursuing data center and critical-power applications. Plug markets fuel-cell backup power for data centers as a scalable, zero-emission alternative to traditional combustion generators.
FCEL Must Prove Demand Can Become RevenueThe biggest issue is conversion. FCEL’s pipeline is heavily weighted toward proposals and commercial discussions rather than signed contracts, which keeps revenue timing difficult to predict.
Backlog also sends a cautionary signal. Contracted backlog fell 9.9% year over year to $1.14 billion as of April 30, 2026, and product backlog declined sharply as revenue burn-off was not fully offset by new orders.
Large infrastructure deals can take time to close, especially in data centers. Strong exposure to AI power demand does not remove the risk that orders arrive later than expected or fail to convert.
FuelCell Energy Scores Fit a Trend TradeThe bottom line is that FCEL fits the profile of a trend-driven idea. AI power demand, modular on-site generation and carbon capture optionality give the stock a compelling narrative, but the company still needs stronger proof in backlog, revenue and profitability.
FCEL carries a Zacks Rank #2 (Buy), which points to a favorable near-term earnings-estimate backdrop. Its Growth Score of B also fits a company exposed to a developing demand theme.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, the Style Scores are mixed, with a Value Score of F, Momentum Score of D and VGM Score of D. That combination suggests FCEL may appeal to patient, risk-tolerant investors, but it is not screening as a broadly strong stock across value, momentum and blended style factors.
FuelCell Energy a Fit Energy uzavřely strategickou dohodu na dodávku až 380 MW čisté základní energie pro datová centra. Prvních 30 MW má začít dodávat letos.
Initial 30 MW delivery is expected to begin this year June 24, 2026 07:00 ET | Source: FuelCell Energy, Inc.
DANBURY, Conn. and BOCA RATON, Fla., June 24, 2026 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a clean energy technology company that manufactures utility scale power solutions, and Fit Energy USA LP (“Fit Energy”), a developer of reliable power solutions to support advanced computing infrastructure and artificial intelligence, today announced a strategic agreement for up to 380 megawatts (MW) of clean, baseload on-site power for data centers using FuelCell Energy’s utility-scale fuel cell technology. The agreement includes an immediate deposit for an initial 30 MW of power scheduled to begin delivery later this year.
“We are pleased to partner with Fit Energy on its development plans. We’ve engaged with a diverse range of prospective customers across the digital infrastructure landscape, and Fit Energy has distinguished itself through its commitment to ‘energy as a service’ power solutions that support both communities and the environment,” said Jason Few, President and CEO of FuelCell Energy. He added, “This agreement further validates our decision to scale our operations to 500 MW, preserving our ability to serve a broad and growing pipeline of customers.”
Joel Leonoff, CEO of Fit Energy, added, “Today’s announcement marks a critical step in building the power foundation required for the next generation of AI infrastructure. FuelCell Energy’s technology aligns with our growth objectives and our goal of delivering behind-the-meter power solutions to data centers at gigawatt scale.”
Under the arrangement, Fit Energy will be eligible to receive warrants tied to future deployment milestones of up to 380 MW. The warrant structure is designed to align long-term value creation with successful project execution and customer deployment.
Canaccord Genuity served as a financial advisor to FuelCell Energy Inc. on certain aspects of this transaction.
About Fit Energy
Fit Energy is an energy infrastructure company focused on long-term ownership of generation assets formed to deliver near-term, scaled energy solutions for the digital economy. The platform is designed to serve large power requirements through a hybrid model supporting behind-the-meter, microgrid and grid-connected structures ranging from fuel cell technology to natural gas turbines. Learn more about Fit Energy at www.Fitenergygroup.com.
About FuelCell Energy
FuelCell Energy, Inc. (Nasdaq: FCEL) is an American clean energy technology company delivering continuous, scalable baseload power for mission critical applications globally. The company’s fuel cell systems generate electricity directly at the point of use, enabling reliable, low emissions power for data centers, industrial facilities, utilities, and distributed generation customers. FuelCell Energy delivers commercially proven, modular, utility-scale systems—backed by global fuel cell deployments approaching one gigawatt. Learn more at www.fuelcellenergy.com.
Cautionary Language
This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding future events or our future financial performance that involve certain contingencies and uncertainties. The forward-looking statements include, without limitation, statements with respect to the Company’s anticipated financial results and statements regarding the Company’s plans and expectations regarding the continuing development, commercialization and financing of its current and future fuel cell technologies, the Company’s business plans and strategies, the Company’s plan to reduce operating costs, the capabilities of the Company’s products, the Company’s potential sales pipeline, opportunities, and partners, and the markets in which the Company expects to operate. Projected and estimated numbers contained herein are not forecasts and may not reflect actual results. These forward-looking statements are not guarantees of future performance, and all forward-looking statements are subject to risks and uncertainties, known and unknown, that could cause actual results and future events to differ materially from those projected. Factors that could cause such a difference include, without limitation: general risks associated with product development and manufacturing; general economic conditions; changes in interest rates, which may impact project financing; supply chain disruptions; changes in the utility regulatory environment; changes in the utility industry and the markets for distributed generation, distributed hydrogen, and fuel cell power plants configured for carbon capture or carbon separation; potential volatility of commodity prices that may adversely affect our projects; availability of government subsidies and economic incentives for alternative energy technologies; our ability to remain in compliance with U.S. federal and state and foreign government laws and regulations; our ability to maintain compliance with the listing rules of The Nasdaq Stock Market; rapid technological change; competition; the risk that our bid awards will not convert to contracts or that our contracts will not convert to revenue; market acceptance of our products; changes in accounting policies or practices adopted voluntarily or as required by accounting principles generally accepted in the United States; factors affecting our liquidity position and financial condition; government appropriations; the ability of the government and third parties to terminate their development contracts at any time; the ability of the government to exercise “march-in” rights with respect to certain of our patents; our ability to successfully market and sell our products internationally; delays in our timeline for bringing commercially viable products to market; our ability to develop additional commercially viable products in the future; our ability to implement our strategy; our ability to reduce our levelized cost of energy and deliver on our cost reduction strategy generally; our ability to protect our intellectual property; litigation and other proceedings; the risk that commercialization of our new products will not occur when anticipated or, if it does, that we will not have adequate capacity to satisfy demand; our need for and the availability of additional financing; our ability to generate positive cash flow from operations; our ability to service our long-term debt; our ability to increase the output and longevity of our platforms and to meet the performance requirements of our contracts; our ability to expand our customer base and maintain relationships with our largest customers and strategic business allies; and our ability to reduce operating costs, as well as other risks set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement contained herein to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based.
