FuelCell Energy Announces Upsize and Pricing of Offering of Common Stock

FuelCell Energy priced an underwritten public offering of 10,714,286 shares at $21.00/share, raising approximately $225.0M in gross proceeds. The issuance is likely to be viewed as dilution risk for FCEL shareholders despite providing new capital.

Analysis

FuelCell Energy priced an underwritten public offering of 10,714,286 shares at $21.00/share, raising approximately $225.0M in gross proceeds. The issuance is likely to be viewed as dilution risk for FCEL shareholders despite providing new capital.