This is an interesting fungi that is also not difficult to properly identify. So when I first found this species of fungi years ago I was quite confused because it looks very similar to the velvet foot/velvet shank/Enoki or Flammulina velutipes. These grow in the later spring to early fall usually since they like warmer temperatures, sometimes even nearing 100°F with adequate humidity. The cap is that same orange/yellow color but slightly fuzzy and soft to the touch. The gills touch or even go slightly down the stem. Gills are yellowish and pretty resistant to damage if you mess with them. The Stem is orange to darker orange/brown in color, sometimes redish brown, very fuzzy and fibrous. The stems are hollow or stuffed with fluff but really tough and if you try to pull them apart you may have trouble getting your fingernail through at first. It's kind of a stringy bark like consistency. The flesh is yellowish in the cap and usually white inside the stem. Only grows on dead wood. Does not bruise or change color from damage. Has an earthy smell like potting soil. Inedible.