FuelCell Energy Announces $225 Million Public Offering to Expand Manufacturing Capacity
FuelCell Energy has priced a public offering of 10.71 million shares at $21 per share, raising $225 million in gross proceeds intended for capital expenditures and manufacturing expansion aimed at powering data centers. Despite the growth rationale, the stock dropped intraday by 13.2% following the announcement.
Tickers: $FCEL
Topics: capital raising data centers fuel cell technology public offering