Core Viewpoint - The recent announcement of Karsan's hydrogen fuel cell bus powered by Toyota fuel cell modules in 2025 has positively impacted FuelCell Energy's stock, but it is not sufficient to recommend the stock as a buy [1][2]. Company Developments - Karsan plans to launch a hydrogen fuel cell bus with a driving range of 500 kilometers, which is expected to be available in 2025 [1]. - The partnership between Toyota and FuelCell Energy involves a "Tri-gen" production system in Long Beach, California, aimed at producing electricity, water, and hydrogen, indicating potential technology sharing [2]. Financial Considerations - FuelCell Energy is currently unprofitable, with less than $120 million in net cash and a negative free cash flow of $250 million per year [3]. - The anticipated Karsan buses utilizing Toyota technology will not be available for at least another year, and their commercial success remains uncertain [3].
Why FuelCell Energy Stock Jumped 9% Today