FuelCell Energy, Inc. entered into an underwriting agreement with Citigroup Global Markets Inc. and Barclays Capital Inc. on July 7, 2026, for an underwritten offering of 10,714,286 shares of common stock at $21.00 per share. Underwriters exercised a 30-day option to purchase an additional 1,607,143 shares on July 8, 2026. The company expects to receive approximately $245.4 million in net proceeds to fund manufacturing capacity expansion, working capital, and general corporate purposes. The offering is expected to close on July 9, 2026. FuelCell Energy, Inc. is a clean energy company that develops and manufactures fuel cell power plants.
