FuelCell Energy jumps 24% on Fit Energy data-center power deal; Bloom Energy drops 14%

FuelCell Energy said it has signed a strategic agreement with Fit Energy for up to 380 MW of clean, baseload onsite power for data centers, including an immediate order for 30 MW with warrants tied to delivery milestones, with deliveries expected to start in late 2026. The company is also moving ahead with an expansion of its Connecticut plant to 500 MW of annual capacity and said about 90% of its roughly 4 GW commercial pipeline is tied to data centers. The news helped push FuelCell Energy shares up 24% in the session, while Bloom Energy fell 14% amid rotation and profit-taking.