FuelCell Energy Announces Closing of Preferred Stock Offering

FuelCell Energy Announces Closing of Preferred Stock Offering

FuelCell Energy, Inc. announced last week the closing of its private offering of $100 million of Series B cumulative convertible perpetual preferred stock.

According to the company, an additional $35 million of the Series B preferred stock could be issued pursuant to a 75-day option available to the initial purchasers.

FuelCell Energy said the $93.5 million in net proceeds is intended to be used for product development, product commercialization and general corporate purposes.

Contact: Steven Eschbach, FuelCell Energy, phone 203-825-6000, e-mail seschbach@fce.com.

(EIN STAFF: 11/18)

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