$FCEL With 20% Upside?

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$FCEL With 20% Upside? FuelCell Energy, Inc.BATS:FCELBENJAKOZAlthough FCEL reported a loss-making earnings report, it still achieved a record backlog of $3.6 billion and made significant commercial progress, securing an initial 30 MW order along with an additional 75 MW capacity order to supply energy for data centers in Texas. Additionally, the company reached a historical peak in its cash balance, which stood at $737 million following equity raisings through share sales during the last quarter. Furthermore, the gross loss expanded to $24.5 million, primarily due to one-time charges of $17 million related to inventory production costs exceeding contract prices in the initial stages of the FIT Energy agreement. In my view, this presents an interesting buying opportunity. The chart is reaching a demand zone immediately following the earnings report, with a high probability of continuation. I am willing to take the risk here for the potential upside.