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Wajeeh Khan

FCEL Stock Skyrockets as FuelCell Secures $49 Million Financing Deal

FuelCell FCEL EXIM Fuelcell Energy

FuelCell Energy (FCEL) soared on Monday after the Export-Import Bank of the U.S. (EXIM) approved $49 million in financing to support the export of its clean energy equipment to South Korea.

This multi-tranche deal will inject non-dilutive capital into FCEL, with the first allocation bringing $22 million in net proceeds on June 30 to fund delivery of five 2.8-megawatt power blocks.

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