FuelCell Energy signs 380 MW data center power deal, issues 12M warrants at $26.44

Filed June 24, 2026 · Period ending June 22, 2026 · ~2 min read

Key Changes

• high

  Signed strategic agreement with Fit Energy for up to 380 MW of fuel cell power for AI data centers, with initial 30 MW delivery expected later this year backed by immediate deposit.

  Exhibit 99.1 verify on EDGAR →
• high

  Issued warrants to purchase 12M shares at $26.44 strike price, vesting in three 4M-share tranches tied to Fit making deposits for 350 MW of equipment orders (100 MW, 125 MW, 125 MW phases).

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Company can force warrant exercise if stock trades above $39.66 for 30 consecutive days; warrants expire if not vested within 24 months, limiting dilution risk if orders don't materialize.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →