FuelCell Energy tumbles after starting $200 mln stock offering

FuelCell Energy

07/07/2026 21:21

** Renewable power firm FuelCell Energy FCEL.O shares down 15.6% post-market to $21.91 as it seeks equity raise
** FCEL launches $200 mln stock offering
** Co intends to use net offering proceeds for capex to expand manufacturing capacity, working capital and general corporate purposes
** Citigroup and Barclays joint bookrunners
** Danbury, Connecticut-based FCEL has ~67.6 mln shares outstanding for roughly $1.8 bln market cap
** FCEL shares finished down 12.7% at $25.96 on Tues but are up 255% YTD
** Avg rating of 8 analysts is "hold"; median PT $23, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))