FuelCell Energy Raises $156.6M in Secondary Share Offering

Deal Summary

FuelCell Energy, Inc. sold approximately 15 million shares under its Open Market Sale Agreement, generating gross proceeds of about $156.6 million. The first tranche of 10.9 million shares was sold at $9.45 per share, and a second tranche of 4.1 million shares was sold at $13.31 per share. The capital raise strengthens the company's balance sheet as it expands its manufacturing capacity.