FuelCell Energy Inc.
FuelCell Energy Announces Completion of At-The-Market Offering
Summary
FuelCell Energy, Inc. has concluded its at-the-market offering program, during which it sold 15,380,413 shares of common stock at an average price of $8.99 per share. The sales, completed under an amended sales agreement with Jefferies LLC and other entities, generated gross proceeds of approximately $138.3 million and net proceeds of approximately $135.5 million after sales commissions. As of November 6, 2025, only about $1.1 million worth of shares remained available for sale under the agreement, with a total of 47,676,043 shares of common stock outstanding.
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About FuelCell Energy Inc.
FuelCell Energy Inc. designs, manufactures, operates, and services fuel cell power plants. These power plants utilize a proprietary technology that converts lower carbon fuels like natural gas and biogas into electricity and heat via an electrochemical process, rather than traditional combustion methods. This process results in more efficient energy conversion with minimal emissions, making it an attractive solution for businesses and municipalities aiming to reduce their carbon footprints. FuelCell Energy's power solutions are predominantly used in commercial and industrial buildings, data centers, and utility projects, serving diverse sectors including utilities, manufacturing, and healthcare. The company is headquartered in Danbury, Connecticut, and plays a crucial role in the shift towards cleaner energy sources by offering scalable and distributed power generation products. Through its efforts, FuelCell Energy contributes significantly to the renewable energy landscape by providing continuous, reliable low-carbon power solutions.
Official SEC Documents
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