Today in Focus: FCEL, RUN

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Market Condition: QQQ Below MAs

Commentary: QQQ is below the 10 and 20EMA here. They’re sloping down but haven’t crossed (yet). Simply put this is not where you want to be getting aggressive. MU Earnings tonight will almost certainly be blowout but the reaction will tell a lot. We may be at a point where nothing is good enough.

I am completely paused on taking any delayed reaction, continuation or breakout trades. I will only take direct catalysts and I will be conservative on size until I see some proper follow through.

I don’t mind saying that since the beginning of June I’ve gotten loose with a lot of trades outside my wheelhouse. The old saying of biggest losses coming after biggest wins is appropriate. Back to basics. Focusing on Day 1 catalysts or no trading. When the best opportunities come up they will be blatantly obvious. If we start to live below the 20EMA then I don’t want to be in the market.

FCEL & RUN are the most straight forward picks below. SPAC Merger is interesting CCXI will take Agility Robotics public. Looks like they have revenues and are a real company. Never sure how these SPACs will actually trade but it has good volume this morning and potential to run and likely one to add to your IPO list.

In Play

FCEL: Strategic Agreement with Fit Energy USA for up to 380MW

Key Metrics FCEL: Industry Group: Electrical Equipment & Parts, Market Cap: 1.74B, Float: 67.39M, Short Interest: 8.01%, Days to Cover: 0.63, Sales Y/Y TTM: 29.71%, EPS Y/Y TTM: 11.38%, Earnings: Jun 08 BMO, Exchange: NASDAQ

Catalyst:

FuelCell Energy and Fit Energy USA LP signed a strategic agreement for up to 380 MW of on-site fuel-cell power for data centers, with an immediate deposit on a firm initial 30 MW slated to begin delivery in 2026.

Weekly Flag. Has potential to move. Market conditions may hold it back. $25 is my key number to watch.

RUN: Strategic Agreement with Fit Energy USA for up to 380MW

Key Metrics RUN: Industry Group: Solar, Market Cap: 3.56B, Float: 229.86M, Short Interest: 25.98%, Days to Cover: 7.16, Sales Y/Y TTM: 52.36%, EPS Y/Y TTM: 120.45%, Earnings: May 06 AMC, Exchange: NASDAQ

Catalyst:

Sunrun, Renew Home, and Tesla announced an agreement to jointly market 16.8 GW of "flexible capacity" to hyperscalers and utilities for data-center demand. Hyperscalers are "encouraged to engage immediately, as available capacity will be allocated on a first-come, first-served basis.

RUN have had a deal with Tesla since 2024. This is a reframing explicit to Data-Center and Hyperscalers. High Short interest, reasonable chart. Tesla effect may be enough to move it. Likely magnitude vs duration move. $15 is my key number to watch.

Current Positions: DELL, APPS, QURE, DFTX

Stocks in Play Watchlist (TradingView Link)

_{Note: This is my methodology for identifying stocks in play. There are many valid approaches to trading catalysts—find the setups, timeframes, and risk parameters that align with your strategy.}