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FuelCell Energy is exploding higher today, extending its recent momentum following the announcement that the company secured a 49 million dollar financing package from the Export-Import Bank of the United States to support clean energy exports to South Korea. This news, which hit the wires early this morning, follows a week of positive sentiment driven by a separate strategic agreement to provide up to 380 megawatts of clean power for data centers. The stock is significantly outperforming its peers in the fuel cell sector, which are seeing more modest gains, as investors react to the combination of new government-backed capital and the company's expanding role in the data-center power market.
No significant catalyst events detected.