FuelCell Energy secures $25 million EXIM loan; shares down

FuelCell Energy

01/12/2025 14:48

** Shares of renewable power company FuelCell Energy FCEL.O fall 3.7% at $6.4

** Co closes a new round of debt financing with the Export-Import Bank of the United States (EXIM)

** The transaction provides about $25 million in gross proceeds

** Proceeds will support production of fuel cell modules for the final phase of FuelCell Energy's upgrade at Gyeonggi Green Energy's Hwaseong Baran Industrial Complex in South Korea

** "This repeat financing enhances our capital flexibility and enables us to accelerate our efforts to serve international markets," says FCEL CFO Michael Bishop

** Including session's move, shares down 28.7% YTD

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com;))