FuelCell Energy stock rose nearly 70% in June. Shares are now trading near $36.25, supported by a decisive pivot into the power market for AI data centers. The move made FCEL one of the best-performing US stocks for the month.
The rally has reshaped how Wall Street values fuel cell companies serving the booming buildout of artificial intelligence infrastructure.
Why FCEL Stock Jumped 70% in June Thanks to AI Data Center Push
FuelCell Energy (FCEL) is a NASDAQ-listed clean energy company that develops high-temperature fuel cell systems for stationary power generation.
The stock has emerged as higher Play on the energy crisis in the AI data center. Furthermore, shares are now trading at $36.25 after a historic high in June.
The one-month-long movement was impressive in scale. FCEL gained 70% during June, According to to TradingView data. Furthermore, the past five trading days alone added another 79%, showing how much of the rally was concentrated in the last week of the month.
The broader picture is even more surprising. FCEL’s price is now up 383% year-to-date through 2026. Furthermore, the stock is up 552% in the past 12 months. Thus, June’s performance capped off the company’s best quarter in over 5 years of trading.
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Trading volume also confirmed the shift in sentiment. Retail interest exploded, with Stocktwits message volume rising 1,056% in 24 hours during the peak of the rally.
Furthermore, inventory is included In the Russell 3000 Index Starting June 26, which will open negative tracking flows for the index.
What Power Pivot really does for the AI data center
The AI data center pivot is a strategic shift with FCEL now targeting hyperscale power demand as its key growth driver. More than 80% of its commercial pipeline is now linked to data centers. Furthermore, the total pipeline has grown 275% year-over-year over recent quarters.
The central deal is The Fit Energy agreement was announced in June. FCEL will supply up to 380 MW of on-site clean baseload power to AI data centres. Furthermore, the deal includes a deposit-backed initial order of 30 MW, with delivery scheduled to begin in late 2026.
Additional catalysts have been stacked throughout June. The US Export-Import Bank (EXIM) approved a $49 million financing package To support FCEL’s expansion into South Korea. Furthermore, management has outlined plans to increase manufacturing capacity at Torrington to 500 MW per year. With investments ranging from 200 to 275 million dollars.
“$FCEL just received what I think is the most important news in the company’s history, and the stock sold off,” I added. “I think this could be 2x+ from here by the end of the year ($50) The risks are clear: • Slope execution • Management’s ability to reach long-term product gross margin goals (>20%) But once these questions are answered, it becomes very difficult to ignore the demand side of the story,” He said On X.
The company announced it First fiscal quarter 2026 results in March 2026resulting in strong year-over-year revenue growth. Revenue was $30.5 million, an increase of 61% from $19.0 million in the same period last year, driven by progress on power generation projects and an advanced data center energy strategy.
Despite the overall improvement, the company continued to face operational challenges, posting a gross loss of $5.9 million, an operating loss of $26.3 million, and a net loss per share of $0.49.
Backlog reached $1.17 billion, down slightly from the previous year, as the company focuses on commercial momentum in carbon capture and highly efficient fuel cell solutions to meet growing demand for clean energy and data centers.
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this post These US stocks rose 70% in June amid the AI data center pivot appeared first on BeInCrypto.
