FuelCell Energy Sinks 14%, Bloom Energy Slides 8% After $225M FCEL Share Sale Prices at $21; Plug Power Treads Water

FuelCell Energy shares fell 14% Wednesday morning after the company priced a large, dilutive stock offering below recent levels. The below-recent-pricing and dilution likely pressured investors’ near-term outlook for FCEL’s capital structure and per-share metrics.

Analysis

FuelCell Energy shares fell 14% Wednesday morning after the company priced a large, dilutive stock offering below recent levels. The below-recent-pricing and dilution likely pressured investors’ near-term outlook for FCEL’s capital structure and per-share metrics.