FCEL Stock Skyrockets as FuelCell Secures $49 Million Financing Deal

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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Including today's gains, FuelCell stock is up about 475% versus its year-to-date low.

The EXIM approval serves as a major validation of FCEL's international commercial viability, particularly within highly competitive Asian energy markets.

The bank's $49 million package, structured as a loan guarantee with the Private Export Funding Corporation (PEFCO), enables FuelCell to avoid raising capital via a share sale — thereby silencing dilution co

Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/fcel-stock-skyrockets-fuelcell-secures-143659025.html)