FuelCell Energy Jumps Nearly 70% in June on AI Data Center Power Pivot

FuelCell Energy (FCEL) shares surged nearly 70% in June and recently traded around $36.25 as the company pivots toward supplying power for AI data centers. According to BeInCrypto, FCEL gained 70% across June, with the past five trading days up 79%, and was added to the Russell 3000 as of June 26. The company said over 80% of its commercial pipeline is tied to data centers, with the pipeline up 275% year-over-year. In June, FCEL announced a Fit Energy agreement to supply up to 380 MW, including a deposit-backed 30 MW initial order starting in late 2026, and cited EXIM approval of a $49 million package for South Korea expansion.