GlobeNewswire·Jul 7, 2026, 10:52 PM ET

FuelCell Energy Announces Upsize and Pricing of Offering of Common Stock

FuelCell Energy priced its underwritten public offering of 10,714,286 common shares at $21.00 per share.
The offering was upsized from an initial $200 million target to $225 million in gross proceeds before expenses.
All shares are being sold by FuelCell Energy with an expected closing date of July 9, 2026.
Underwriters were granted a 30-day option to purchase up to 1,607,143 additional shares at the public offering price.
Net proceeds will be used for capital expenditures to expand manufacturing capacity, working capital, & general corporate purposes.
Citigroup & Barclays serve as joint book-running managers alongside Oppenheimer & Co., RBC Capital Markets, & Goldman Sachs & Co. LLC.
Canaccord Genuity, B. Riley Securities, BMO Capital Markets, Siebert Williams Shank, & Tuohy Brothers act as co-managers.
The offering is made under a shelf registration statement on Form S-3 that became effective on June 8, 2026.