FuelCell Energy Launches $200M Common Stock Offering

By Greg Peters • Thursday, July 09 16:01 • Permanent Link

FuelCell Energy said it launched an underwritten public offering of $200 million of common stock, with all shares to be sold by the company.

The company said it may give underwriters a 30-day option to buy up to an additional 15% of the shares sold in the deal. If completed, FuelCell Energy plans to use the proceeds for capital expenditures tied to manufacturing capacity expansion, along with working capital and general corporate purposes.

Citigroup and Barclays are serving as joint book-running managers. Following these announcements, the company's shares moved 2.2%, and are now trading at a price of $23.035. For the full picture, make sure to review FUELCELL ENERGY INC's 8-K report.

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