FuelCell Energy Inc (FCEL)

Yes. During the Q2 2026 call, Jason Few stated that FuelCell Energy is targeting the conversion of submitted proposals into contracted backlog within this fiscal year.
According to Google AI it was Jason Few, so please don't suggest differently without knowledge of such.

The daily chart is trending as I hoped and looks like we might get that 5% I suggested earlier. At the very least it looks like it'll close over $17.50 unless there's a reversal for whatever reason. I expect we are much closer to that $30 price target from Canacord Then those other revised targets in 10 to $15 range. All targets went up substantially but one seems to have a real grip on reality and be including at least some decent potential. Minimal debt with $400+M in cash alone makes this worth more than some estimates if including any potential.

I'm never dishonest, Don't know you well enough that I could say the same. However your post would suggest there's questionable integrity. That said, Jason Few reiterated during a live interview with Bloomberg TV at 3:00 p.m. on the same day as the conference call. And didn't hesitate to say by the end of the fiscal year.

I ABSOLUTELY listened to the call - look up the transcript - it was the Finance guy. Don't be dishonest

I agree Max, I think 2 is conservative. I am confident he believes they will close at least a couple long before October 31, likely 1st one by July/August at the latest. In my opinion.

You didn't listen to the call! Or don't care about reality. They are "very comfortable with the balance sheet" in reply to analysts question about selling more shares.

And currently only paying $20-$30M which will not jeopardize their solid balance sheet.

Good interview, basically to reach people that didn't listen to the call. Same info. Excited! Few never fluffs or exaggerates, he's conservative and cautious. Confidently confirming contracts by end of Fiscal year tells me July/August. With 1 sizeable DC contract we should at least touch $50 within weeks.

We close up over 5% today

i think the biggest issue is going to be the massive amounts of water that the data centers require...once we start seeing drought issues (and they are coming) there will be an uproar...no one will give a damn about AI except those who will be enriched by it...carbon capture wont be a big issue either...they will worry about that later...

when people and farmers are thirsting for water, they wont give a damn about AI, carbon capture, Iran or anything else...

Some very relevant points in the Bloom Energy report
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=177703397

interesting comment about carbon capture being part of the mix for Datacenters

Come on Jason Few. announce the first 25MW+ order

https://www.linkedin.com/safety/go/?url=https%3A%2F%2Ftime%2Ecom%2Farticle%2F2026%2F06%2F09%2Fworld-top-greentech-companies-2026%2F&urlhash=ju6-&mt=QIy03ZpoTawHSt_IZpzGOJJ7Kg-648KltG31ekSJJL4hFs3K2Z35LlMmD-jfw-ziWM0RubSWAtBjiZmMdHzNasQbiIaCAtAh4Cee4VT-rg3TTTZ6ZvAmpqrHy9w&isSdui=true

13 states sue Trump administration over hydrogen hub, clean energy cuts
https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/021926-13-states-sue-trump-administration-over-hydrogen-hub-clean-energy-cuts $FCEL

Canacord from $12 to $30, that's huge, but it is typically a 1 year target. I'm thinking they are more than a little light but at least somebody reputable is giving us significant potential.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.investing.com/news/analyst-ratings/canaccord-upgrades-fuelcell-energy-stock-rating-on-data-center-potential-93CH-4732174&ved=2ahUKEwj4urXvpfuUAxXnkokEHa-hCPAQFnoECDYQAQ&usg=AOvVaw37sd4_GxTvsD6VdH5krN8G

https://www.linkedin.com/posts/devine-partners_its-an-exciting-time-for-our-client-fuelcell-activity-7425543494380904448-UD2P?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

Bloomberg

Thanks Max, somebody replied with link on ST too. He did in fact say "water neutral" and expect back log to beginning n converting to contracts by end of fiscal year. And Canacord set $30 price target.

https://www.linkedin.com/posts/devine-partners_its-an-exciting-time-for-our-client-fuelcell-activity-7425543494380904448-UD2P?utm_source=share&utm_medium=member_android&rcm=ACoAAD0kMAgBCjdlnBi58ae16C413y05wUfF-9o

"I like making random guesses and end up being wrong most of the time. I guess I overstimate the market's ability to see and understand what I say."

if you are making random guesses and are wrong most of the time, why on earth would anyone give a crap about what you are saying?...

" Yesterday I called support above $15 primarily based on that being about a 1 billion dollar market cap."

so all your "support" levels are all just pulled out of your nether regions as well...i suspected as much since you keep calling out different "support" levels based on daily actions of the stock...clearly you dont even have clue what "support" levels even mean...smh

"Today I'll call support at or above $17 based on the conference call details and the canacord upgrade."

LMAO!...what an absolute tool....smh

Few on Bloomberg Link

I'll try again.

Few introduced at 10:46

Jason Few on Bloomberg

posted yesterday on ST courtesy of roachmeister01

link unsuccessful

I like making random guesses and end up being wrong most of the time. I guess I overstimate the market's ability to see and understand what I say. Lol. Yesterday I called support above $15 primarily based on that being about a 1 billion dollar market cap. Today I'll call support at or above $17 based on the conference call details and the canacord upgrade. If anyone can post a video of Jason Few on Bloomberg that we can all observe That would be awesome.

It is paying for the expansion so they don’t have to take out bad loans like under the previous leadership.

$PLUG Hydrogen Infrastructure Expansion
Green hydrogen highway across NA & EU.
New hydrogen plants in GA, TN, LA.
DOE HYPER-Fuel project — next-gen refueling.
High-flow fueling tech — 8 kg/min capability. $BE $FCEL

FuelCell Energy Jumps After Canaccord Turns Bullish on Data Center Opportunity (FCEL)June 9, 2026 8:39 AM
IH Market News FuelCell Energy (NASDAQ:FCEL) shares surged 10% on Tuesday after Canaccord analyst George Gianarikas upgraded the stock to Buy from Hold and lifted his price target to $30 from $12. The rating change reflects increasing confidence that FuelCell Energy will announce a significant data center-related contract before the end of its current fiscal year. Gianarikas suggested the company could replicate, on a smaller scale, the success achieved by Bloom Energy in supplying power solutions to the rapidly expanding data center market. “We have long felt that leveraging the company’s reliable clean power technology for data center customers would represent a meaningful strategic & financial inflection point for FuelCell, noting last quarter that we were tempted to upgrade the stock ahead of a potential announcement,” Gianarikas commented. “The exact timing of when this transformative data center deal is coming remains uncertain, with management only saying it expects something to materialize before the end of the fiscal year. However, we now feel there are enough data points to suggest that a landmark announcement is within reach, along with plenty more behind that.” The analyst also increased his financial forecasts for FuelCell Energy, citing the scale of potential opportunities emerging from the data center sector over the coming years. FuelCell Energy shares have risen more than 100% during the past two months, although trading has remained volatile as investors continue to assess both the timing and ultimate size of potential contracts linked to data center power demand. Original: FuelCell Energy Jumps After Canaccord Turns Bullish on Data Center Opportunity (FCEL)

They sold 10.9M shares last quarter - and 4.1 M SO FAR this quarter - so they are by no means done selling shares

Interest in FCE's 12.5MW Block has driven the interest and increase in pipeline proposal levels to 5GW, as they are co-located on the data center property, quiet, scalable, and significantly improve time to power, avoiding certain permitting, interconnections with the grid, and transmission issues. Few said of most importance to the data center discussions was FCE's history of large MW proven utility level uninterrupted electrical power for 13 years...demonstrated in combination for 23 years.

Monies were raised through the ATM sales significantly improving FCE's cash ($441 million). Following these sales, approximately $0.5 million of shares remained available for sale under the Open Market Sale Agreement, as amended. As 500,000 shares remain available for sale under the current ATM agreement, a shelf registration was filed with the Securities and Exchange Commission. Areas of the registration, including further ATM activity, shares to a data center partner, a merger or JV, an individual investor, are outlined in the registration. No dollar amount indicated in the prospectus. Shares outstanding now 67 million.

AI data centers in the USA was the focus, mentioning Inuverse in SK and Exxon's 2 modules en-route to Rotterdam. Interesting no mention of the 7.4MW Hartford, CT fuel cell plant which will be delivered in 2027.

Few stated in the conference call proposal pipeline now up from 1.5GW to 4GW, as of April 30, 2026, and the slide presentation indicated 5GW now. Proposals are increasing in plant size, providing from 65MW to 130MW, and are in various stages of discussion... from fuel cell plant technical questions, scalability, time to power, to contract negotiations. He stated the expectation is a data center contract by 2026 fiscal year end (October 31, 2026).

As Few emphasized a couple times, FCE would increase capital activity as demand required and not try to get ahead of it... the Torrington purchase of a tape caster (absolutely necessary to get to 500MW capacity), enlarged buildout of the conditioning area, and current initial expansion of Torrington to meet 100MW run rate (with projections now going beyond 350MW to 500MW annually), would suggest FCE is in contract negotiations on at least 1 or 2 data centers.

exactly. no one cared. same old no sales no new renewals just keep generating electricity at a loss to keep accountants busy.

an no hoghead7

“great conversation about the results.”

What conversation?

great conversation about the results.... Need a DV contract ASAP that wil send u s back to $25 in a jiffy. without new orders the business is left as a PPA energy supplier and the $200m spend on upgrading the manufacturing is wasted. There has to be DC orders or they wouldn't have started expansion would they?

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$FCEL 🔋 Bullish-Leaning Reasons for FCEL
(Cited where supported; inferred where noted)

📈 Growth Forecasts & Revenue Momentum
Revenue expected to grow 27.8% annually according to Simply Wall St.

Earnings forecast to grow 36.9% annually, suggesting improving fundamentals.

EPS expected to grow 61.1% annually, indicating potential operational leverage.

Next-year revenue forecast jumps 45.6% (Yahoo Finance).

Analysts expect revenue to reach up to $292M in 2027 (high estimate).

Quarterly revenue beats have occurred, including positive EPS surprises.

Business development pipeline surging, driven by data-center demand.

2024 expected to be a “significant year of transition” with major milestones.

Operational generation assets increasing, boosting recurring revenue.

No MW-class module exchanges until late 2024, reducing near-term service costs.

🏭 Technology & Product Strength
Tri-gen systems produce electricity, hydrogen, and water, offering multi-output efficiency.

New 12.5 MW Power Block designed specifically for data-center contracts.

Carbonate fuel cell tech supports CO2 recovery, appealing to industrial clients.

Fuel cells provide reliable baseload power, a key advantage over intermittent renewables (inference).

Hydrogen-ready systems position FCEL for long-term hydrogen economy growth (inference).

Fuel cells can operate on biogas, supporting ESG-aligned customers (inference).

Fuel cells reduce grid strain, a major issue for AI-driven data centers.

Fuel cells offer faster deployment than traditional grid upgrades (inference based on Bloom comparison).

🧠 AI & Data-Center Tailwinds
AI data centers require 2–4× more energy per chip, creating massive demand for alternative power.

AI racks require up to 60 kW per rack, far above legacy data-center loads.

Hyperscalers increasingly required to bring their own power, boosting fuel-cell demand.

FCEL explicitly pivoting to compete for data-center contracts.

Appointment of cybersecurity expert John Livingston strengthens FCEL’s data-center credibility.

AI-adjacent narrative gaining traction, improving investor sentiment.

Data-center customers driving pipeline growth, per recent reporting.

📊 Market & Index Catalysts
FCEL added to the Russell 3000 Index, increasing institutional visibility.

Index inclusion often boosts passive fund inflows (inference).

Fuel-cell sector benefiting from AI-power narrative, lifting peer valuations.

Profit-taking dips suggest prior strong momentum, indicating speculative interest.

FCEL up 399% over the past year before recent pullback.

FCEL up 85% in the past month before correction.

🧩 Strategic Positioning
Pivot toward standardized, scalable products (12.5 MW block).

Plans to triple production capacity at Connecticut facility.

Focus on large-scale deployments aligns with hyperscaler needs.

CO2 recovery solutions appeal to food & beverage industries.

Potential for government incentives for clean energy (inference).

Fuel cells complement renewables, enabling hybrid microgrids (inference).

Long-term hydrogen infrastructure build-out could expand addressable market (inference).

Growing global decarbonization mandates support fuel-cell adoption (inference).

FCEL’s diversified product line (tri-gen, power blocks, CO2 capture) reduces single-market risk (inference).

Yahoo will MUTE you if you talk about FCEL on the FCEL BOARD. God Bless this board. GL Longs

🌍 $12T Hydrogen Boom: The Global Race for Green Fuel - U.S., China and EU
https://t.co/URFpSO9ONy— Contrarian Energy Construct. 𓃵 🏹 𓂀 (@BakkenShale) June 4, 2026 $FCEL

$FCEL $HYSR is one of those tiny hydrogen plays with outsized potential. Their nanoparticle tech aims to make green hydrogen cheaper and scalable — exactly what the energy transition needs. If they keep hitting milestones, this sleeper could wake up fast. ⚡🌞🚀

🔌 Plug Power: Full Product & Service Portfolio (Rewritten Clearly & Completely)
Hydrogen Fuel Cell Power Systems
GenDrive fuel cells — Drop-in replacements for lead-acid batteries used in electric forklifts across Class 1, 2, and 3 vehicles.

ProGen fuel cell engines — Modular fuel-cell engines designed for delivery vans, trucks, and other mobility platforms.

⚡ Stationary Power Solutions
GenSure backup power systems — Hydrogen fuel-cell generators for telecom towers, data centers, microgrids, and critical infrastructure.

Megawatt-scale stationary systems — Large, containerized fuel-cell power blocks for industrial and utility-grade backup or prime power.

💧 Hydrogen Production Equipment
PEM electrolyzers — Systems that split water into hydrogen and oxygen, used for on-site hydrogen generation in industrial and energy applications.

Electrolyzer stacks & integrated skids — Modular units for scaling hydrogen production from small sites to multi-megawatt plants.

❄️ Hydrogen Liquefaction Systems
LX-series liquefiers — Industrial hydrogen liquefiers capable of producing 15–30 metric tons per day for large-scale distribution networks.

🛢️ Hydrogen Storage, Handling & Transport
Hydrogen transport trailers — High-capacity tube trailers for moving gaseous hydrogen between production sites and customers.

Cryogenic liquid hydrogen tanks — Storage systems for liquid hydrogen at fueling stations or industrial facilities.

Integrated storage & handling systems — Compression, chilling, and storage hardware for both gaseous and liquid hydrogen.

⛽ Hydrogen Fueling Infrastructure
GenFuel hydrogen stations — Complete fueling systems including storage, compression, dispensing, and controls.

Turnkey fueling solutions — Fully engineered, installed, and serviced hydrogen stations for mobility fleets and industrial users.

🟦 Hydrogen Supply
Delivered hydrogen — Bulk hydrogen supply (gaseous or liquid) delivered to customer sites.

On-site hydrogen production — Electrolyzer-based systems installed directly at customer facilities.

🛠️ Services & Support
Field service & maintenance — Full-lifecycle support for fuel cells, electrolyzers, and fueling stations.

Engineering & project development — Design, integration, and commissioning of complete hydrogen ecosystems.

Operational monitoring & optimization $FCEL $PLUG

This could be directly related to the drop below $22, even though it is NOT related to FCEL or our tech. Precautionary knee jerk reaction because it's a company in the industry?? All fuel cell stocks were down but FCEL by much more, likely related to the huge difference in gains recently.
https://www.google.com/url?rct=j&sa=t&url=https://fuelcellsworks.com/2026/05/29/electrolyzer/clean-power-hydrogen-shares-suspended-after-testing-failure-damages-flagship-1mw-electrolyser&ct=ga&cd=CAEYAioTMzgyMzcwNTQ1MjgzMTY0Mjc1MDIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw2vunO3rTiHVsUqoe4y_Ani

We might finally see an uptick in volume. 95% of the time and that happens we are going up in a big way. The most important thing for today is to hold $22 support. Currently we have the same support level as yesterday $22.10.

Yes, cheggs set you straight on how the stock market (and market makers in particlualr) work. Hopefully you will learn.

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South Korea Approves Regulatory Sandbox Exemption

A regulatory sandbox exemption allows startups to test innovative products, services, or business models in a live, controlled environment under the supervision of regulators. It provides temporary waivers or relief from specific legal or compliance requirements that would otherwise restrict development.

South Korea approved regulatory sandbox exemptions for next-generation #hydrogen projects, including SOEC electrolysis and underground #hydrogenstorage. POSCO-led SOEC systems could cut power use and lower #cleanhydrogen costs.#HydrogenNow #EnergyTransition… pic.twitter.com/Kgh8FIq16I— Fuel Cells Works (@fuelcellsworks) May 26, 2026

233k shares traded by 8.30am, and been up all pre-market. It's really pretty simple to me. Historically, The stock was very volatile with ups and downs often losing gains not long after they occurred, or like from February 2021 through last year. All based primarily on lack of demand and public acceptance of the technology and not only viability but demand. Demand is here and in a big way. $1B Market cab is just scratching a surface In much closer to where the valuation should have been after receiving 2 separate contracts worth $160M+. That Virginia 60 megawatt data center is almost certain. I believe contracts will be signed If not buy the conference call shortly thereafter. That should drive this up to $3-$5B market cap on its own. TICK TOCK

Check out @Mariusz_Skonieczny message on Stocktwits http://stocktwits.com/Mariusz_Skonieczny/message/654302067

Hey Max, just noticed you already posted it. Gotta imagine we run past $30 by EOM. And you would also hope the PR comes by the call unless they save it for the call.

Check out @GT5150 message on Stocktwits http://stocktwits.com/GT5150/message/654319230

9 Ventures FuelCell Energy 60MW Fairfax County, VA
courtesy of GT5150 Stocktwits

https://9ventures.substack.com/p/breaking-fuelcell-energys-hidden

https://www.reuters.com/business/energy/global-carbon-emissions-pricing-raised-record-107-billion-2025-2026-05-20/

https://www.reuters.com/business/energy/global-carbon-emissions-pricing-raised-record-107-billion-2025-2026-05-20/

https://www.benzinga.com/trading-ideas/movers/26/05/52746729/fuelcell-stock-is-dipping-whats-happening-on-friday