Core Insights - FuelCell Energy's shares have increased by 47.5% over the past three months, significantly outperforming the Zacks Alternative Energy – Other industry's growth of 3.5% [1] - The company has a strong presence in the South Korean fuel cell market, benefiting from rising clean power demand from data centers and long-term service agreements [1][8] Price Performance - FuelCell Energy is currently trading above its 200-day simple moving average, indicating a bullish trend [6] - The company has outperformed both the Zacks Oil-Energy sector and the Zacks S&P 500 composite during the same period [1] Operational Developments - FuelCell Energy is undergoing a global restructuring to cut operating costs and refocus on core technologies [10] - The company has a backlog of 108 megawatts in four projects and has signed a memorandum of understanding to deploy 100 MW of fuel cell power at the AI Daegu Data Center in South Korea [11] Financial Performance - The backlog as of July 31, 2025, was $1.24 billion, reflecting a 4% year-over-year increase, indicating steady demand for FuelCell Energy's products [14] - Service agreement revenues increased to $3.1 million from $1.4 million in the previous year, showcasing consistent contributions to the top line [13] Growth Estimates - The Zacks Consensus Estimate for FuelCell Energy's fiscal 2026 sales and earnings per share indicates year-over-year growth of 21.47% and 56.26%, respectively [15] Debt Management - FuelCell Energy has a debt-to-capital ratio of 19.4%, significantly lower than the industry average of 59.4%, indicating prudent financial management [19] Market Position - The company's trailing 12-month return on equity is negative 20.53%, which is below the industry average of 7.89%, suggesting challenges in utilizing shareholders' equity effectively [21] Future Outlook - The increasing acceptance of fuel cell technology and rising concerns about emissions are expected to benefit FuelCell Energy in the long term [23] - The company's exposure to the South Korean market and improving estimates create more opportunities for growth [23]