FuelCell Energy gains buy rating on strong data-center demand and product expansion plans

FuelCell Energy (FCEL) received a buy rating due to its growing demand from data centers and a standardized 12.5 MW Energy Block product designed for quick deployment. The company has a proposal pipeline exceeding 5 GW, with 90% linked to data centers, and secured a 30 MW initial agreement with Fit Energy, supporting a 380 MW framework. FCEL is also expanding its Torrington facility to 500 MW annual capacity, which underpins its revenue growth potential, though risks remain in execution and order conversion. This positions FCEL well for scaling its data-center power solutions in the near future.