FuelCell Energy Shares Gain After $49 Million in Financing Secured
By Connor Hart
Shares of FuelCell Energy rose after the company said it secured $49 million worth of financing to help advance U.S. clean-energy exports.
The stock climbed 11%, to $26.65, in premarket trading Monday. Through Friday's close, shares have more than tripled since the beginning of the year.
FuelCell said before the bell that the board of the Export-Import Bank of the United States approved a financing package last week, under which the $49 million will be disbursed in two tranches.
The first tranche, expected to disburse Tuesday, will provide FuelCell with net proceeds of about $22 million and support the delivery of five 2.8-megawatt FuelCell Energy Blocks to Gyeonggi Green Energy in South Korea.
A second tranche is expected to be disbursed in October, subject to customary closing conditions.
The latest agreement builds upon FuelCell's prior Exim-supported financing, completed in 2024 and 2025, and reflects continued support for the company's export of U.S.-manufactured clean-energy technology, it said.
"Exim's approval validates the strength of this project, our partnership with Gyeonggi Green Energy, FuelCell Energy's business plan, and our ability to deliver distributed utility-scale clean power globally," Chief Financial Officer Michael Bishop said.
"This financing adds nondilutive capital to support growth and provides added flexibility as we invest in scaling manufacturing capacity, pursuing strategic opportunities in global power markets and mirroring our distributed utility-scale solutions to [artificial-intelligence] factories and data centers," he added.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
June 29, 2026 08:32 ET (12:32 GMT)
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