Offering Overview
FuelCell Energy Inc., a clean‑energy technology company, announced an overnight secondary offering of common shares priced between $21.00 and $22.00 per share.
Pricing Discount
The indicated price range represents a discount of up to 19 % relative to the closing price of $25.96 recorded on Tuesday.
Subscription Status
According to Bloomberg, the offering was fully subscribed after an earlier confidential marketing effort.
Market Reaction
Following the announcement, FuelCell Energy’s shares fell approximately 17 % in after‑hours trading, trading at about $21.60 at 4:38 p.m. New York time on Tuesday.