FuelCell Energy Is Up 17% Today: Is It Outperforming Other Fuel-Cell Stocks Like Plug Power and Bloom Energy?

FuelCell Energy is up 17% today, driving a rally across hydrogen and fuel-cell stocks and highlighting the company-specific nature of the move. In morning trading on Monday, FuelCell Energy rose 17%, while Bloom Energy gained 6% and Plug Power was flat. The article ties the surge to catalysts including an Export-Import Bank of the United States (EXIM) financing package approved on June 23. It includes a first tranche expected around June 30, providing net proceeds of $22 million to support delivery of five 2.8 MW FuelCell Energy Blocks to Gyeonggi Green Energy in South Korea, with a second tranche slated for October. FuelCell Energy CFO Michael Bishop said the financing adds “non-dilutive capital.” Separately, B. Riley upgraded the stock to Buy with a $32 price target, citing a supply agreement with Fit Energy for up to 380 MW for AI data centers. The stock was also added to the Russell 3000 effective Friday, potentially supporting passive fund buying.