BUZZ-FuelCell Energy jumps to highest in 2 years on EXIM financing, data-center deal

FuelCell Energy, Inc.

FuelCell Energy, Inc.

FCEL

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Updates

** Renewable power firm FuelCell Energy's FCEL.O shares rise 25.2% to $30, highest since June 2024

** FCEL secures $49 million financing package from the U.S. Export-Import Bank (EXIM) to support the delivery of fuel cell units to South Korea

** Proceeds support delivery of five 2.8-MW fuel cell blocks to Gyeonggi Green Energy

** Funding will be disbursed in two tranches, with about $22 million expected on June 30 and a second tranche in October

** Brokerage B.Riley upgrades FCEL rating to "buy" from "neutral" and raises PT to $32 from $13, citing a 380 MW data-center power deployment agreement with phased expansion and 15–20 year service contracts, converting ~8% of FuelCell’s pipeline into contracted capacity

** Including session's move, FCEL up 311.3% YTD


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