FCEL Stock Rockets On Securing Of South Korean Project Financing – Retail Cheers The ‘Non-Dilutive’ Capital

The Export-Import Bank of the United States has agreed to a $49 million financing package for the company.

• The funding from EXIM will be received in two tranches, with the first disbursement of $22 million expected by the end of this month.
• EXIM previously provided financing to FuelCell in 2024 and 2025.
• Separately, B. Riley turned bullish on the company, citing its recently struck agreement to supply Fit Energy up to 380 MW of power.

Shares of FuelCell Energy (FCEL) caught investors' attention on Monday after the company secured bank financing to deploy its clean energy solutions in South Korea, among other positive catalysts.

At the time of writing, FCEL stock was up more than 11% in premarket trading.

EXIM Funds FuelCell’s South Korean Project

The Export-Import Bank of the United States (EXIM) approved a $49 million financing package for the company, which will be used to deploy five 2.8-megawatt (MW) energy blocks for Gyeonggi Green Energy in South Korea.

The funding from EXIM will be received in two tranches, with the first disbursement of $22 million expected by the end of this month, and the remaining in October.

“This financing adds non-dilutive 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 AI factories and data centers,” said CFO Michael Bishop.

EXIM previously helped FuelCell with financing in 2024 and 2025, and the current funding reflects its ongoing support for the export of U.S. clean energy technology to international markets.

Positive Catalysts For FuelCell

Notably, B. Riley turned bullish on the company, citing its recently struck agreement to supply Fit Energy up to 380 MW of power to run AI data centers. The agreement has increased the firm’s confidence in the company’s ability to convert major data center players into customers, according to TheFly.

The firm upgraded FuelCell to “Buy” from “Neutral” with a $32 price target, more than double the $13 previously assigned, implying an upside potential of more than 33% as of the stock’s last closing price on Friday.

Moreover, as part of the latest FTSE Russell Index reconstitution, FuelCell has been added to the Russell 3000 index as of Friday.

What Retail Traders Think About FCEL

On Stocktwits, retail sentiment toward the stock remained in ‘bullish’ territory over the past 24 hours, amid ‘high’ message volumes, with many users cheering the non-dilutive capital.

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FCEL stock has more than tripled in value so far this year and more than quadrupled over the past 12 months, outperforming the S&P 500.

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