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FuelCell Surges on AI Power Deal | Business and Finance News
Published 2 days, 19 hours ago
Description
FuelCell Energy’s stock surged over 24% after landing a $49M non-dilutive financing deal to power AI data centers in South Korea, backed by an analyst upgrade and doubled price target — but investors should watch closely as current revenue declines and shrinking backlog highlight the gap between hype and execution.
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