On June 24, FuelCell Energy rose 8.89% in regular trading, trading at $23.015/share, with turnover of $242 million.

On the news front, the company announced a strategic agreement with Fit Energy USA LP to provide up to 380 megawatts of clean power for data centers using its fuel cell technology. The agreement includes an immediate deposit payment for an initial 30MW of power, with delivery expected to begin later this year. Under the terms, Fit Energy will be eligible to receive warrants tied to future deployment milestones of up to 380MW, a structure designed to align with project execution and customer deployment.

The significant contract scale provided a strong catalyst, particularly following the prior trading session's 8%-plus decline driven by profit-taking and sector-wide weakness. The combination of a major new order and oversold recovery demand attracted capital inflows, propelling the stock's rebound. Within the Electrical Components and Equipment sector, Sunrun rose 23.85%, Eaton Corp rose 0.89%, and Vertiv Holdings rose 0.72%.

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