What Happened?
Shares of carbonate fuel cell technology developer FuelCell Energy (NASDAQ: FCEL) jumped 6.2% in the afternoon session after it secured approximately $25 million in financing from the Export-Import (EXIM) Bank of the United States for a project in South Korea.
The funds were designated to help produce and ship fuel cell modules for the final phase of an upgrade at the Gyeonggi Green Energy site, which operates as the world's largest fuel cell park. According to the company's CFO, Michael Bishop, the financing enhanced its capital flexibility and enabled it to speed up efforts to serve international markets. This positive development followed a significant stock surge a few days prior, after the company's fourth-quarter presentation where it highlighted a strategic focus on new opportunities in the data center market.
The shares closed the day at $8.75, up 5% from previous close.
Is now the time to buy FuelCell Energy? Access our full analysis report here.
What Is The Market Telling Us
FuelCell Energy’s shares are extremely volatile and have had 90 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 4 days ago when the stock gained 34.4% on the news that the company reported third-quarter 2025 results that topped analyst expectations for revenue and earnings. The clean energy firm announced quarterly revenue of $55.02 million, an 11.5% increase from the prior year, which surpassed Wall Street's estimates by over 25%. FuelCell also significantly reduced its adjusted loss per share to $0.83, a notable improvement from a loss of $1.99 in the same period last year and better than the consensus forecast. The company ended the quarter with a backlog of $1.19 billion, providing some visibility into future revenue. The strong top-line beat and improved profitability prompted a positive reaction from investors.
FuelCell Energy is down 15.4% since the beginning of the year, and at $8.77 per share, it is trading 32.9% below its 52-week high of $13.07 from January 2025. Investors who bought $1,000 worth of FuelCell Energy’s shares 5 years ago would now be looking at an investment worth $27.21.
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