Key Takeaways FCEL has shifted toward AI data centers, with over 80% of its commercial pipeline tied to the sector.FCEL's 12.5 MW standardized blocks aim to speed deployment and boost contract conversions.FCEL faces backlog declines, low production volumes, and margin pressure as it works to scale manufacturing.FuelCell Energy (FCEL) is leaning into a single, urgent bottleneck for artificial intelligence infrastructure: power. As data centers strain grids, the case for reliable, on-site generation is moving ...