Jun. 8 at 2:44 PM
$FCEL just positioned itself at the center of AI's energy bottleneck.
The numbers look ugly on the surface:
- Net loss widened to
$77.6M (vs
$37.7M prior)
- Revenue missed by 12% at
$35.6M
- Backlog down 9.9% to
$1.14B
- Loss per share:
$1.45 vs
$0.52 exp
Wall Street's looking at what matters:
Sales pipeline surged 267% sequentially to 4 GW. Nearly 80% of that pipeline is AI and data center demand.
The company makes 12.5-MW power blocks that deploy on-site at data centers; developers bypass the grid entirely. That's the solution to AI's power crunch.
Capex coming: expanding Torrington plant capacity from 350 MW to 500 MW for
$200M–
$275M.
Our position:
As the post-earnings-announcement-drift (PEAD) starts manifesting, we sold cash-secured puts expiring Friday to capture elevated IV and small-cap volatility. This makes a good premium opportunity.
Planning to add long exposure via call LEAPS once IV normalizes.
$FCEL could be the next
$BE if this pipeline converts.
Not financial advice
