FuelCell Energy enters agreement to sell 6.7 million shares of common stock

17 June 2009

FuelCell Energy, a US-based fuel cell company, has entered into a definitive agreement to sell 6.7 million shares of its common stock at $3.59 per share in a registered direct offering.

FuelCell Energy said it would use the proceeds for product development, project financing, expansion of manufacturing capacity and general corporate purposes.

A shelf registration statement relating to these securities previously was filed and declared effective by the Securities and Exchange Commission.

Copyright © 2009 NewNet

Tags: energy storage, fuel cell

This story was published on Wednesday, June 17th, 2009 at 4:11 pm and is filed under North America, companies, energy storage. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply