FuelCell Energy Inc is trading 7.43% up today at $18.79 after its June 8 earnings update highlighted a massive surge in its sales pipeline, largely driven by the burgeoning AI data center market.
- The company reported a 4 GW sales pipeline, representing a 267% sequential increase, with data center demand accounting for approximately 90% of all new proposals.
- While second-quarter revenue fell 5% year-over-year to $35.6 million and losses widened due to an impairment charge, investors are focusing on the significant growth in the project backlog.
- The stock's upward move is notably company-specific, as it comes during a period of broader softness across U.S. equity markets.