FuelCell Energy Increases Stock Offering to $200 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2025
0mins
Should l Buy FCEL?
Source: Benzinga
- Stock Offering Increase: FuelCell Energy announced an amended sales agreement to increase the total stock offering to $200 million, which may pressure the stock price in the short term, reflecting market concerns over the company's financing strategy.
- Sales Agent Changes: In this offering, Jefferies, B. Riley Securities, and other firms will act as sales agents, while JPMorgan has been removed, indicating adjustments in the company's financing channels that could impact future capital acquisition capabilities.
- Cash Position: As of the end of fiscal 2025, FuelCell had $278.1 million in cash and cash equivalents, and while the current offering may dilute existing shareholders, it still provides necessary liquidity to support operations.
- Stock Performance: FuelCell shares closed down 2.70% on Tuesday and fell another 5.54% in after-hours trading to $7.50, indicating a negative market reaction to the offering news, with the stock trading below its 20-day simple moving average, suggesting short-term weakness.
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Analyst Views on FCEL
Wall Street analysts forecast FCEL stock price to rise
4 Analyst Rating
0 Buy
3 Hold
1 Sell
Hold
Current: 7.010
Low
7.00
Averages
9.33
High
12.00
Current: 7.010
Low
7.00
Averages
9.33
High
12.00
About FCEL
FuelCell Energy, Inc. is engaged in delivering distributed baseload energy platform solutions through its proprietary fuel cell technology. It develops commercial technologies that produce clean electricity, heat, clean hydrogen, and water. Its commercial product portfolio is based on its carbonate electrochemical platform. Its carbonate electrochemical platform supports power generation and combined heat and power applications using a variety of fuels, including a 50/50 blend of hydrogen and natural gas or biogas blends, biogas, renewable natural gas, and natural gas. It offers its products in different configurations for a range of power and chemical applications, including electricity, hydrogen, heat (including steam), water and carbon-di-oxide (CO2) upgradable to food and beverage grade and/or usable in cement or other industrial products, and to concentrate and separate CO2 from fossil-fueled industrial applications allowing the sequestration and/or utilization of the CO2.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Tech Stock Strength: The Nasdaq Composite gained 0.91% to 23,436.02 points, driven by strong performances from Meta Platforms and Tesla, which rose 5.63% and 4.15% respectively, further extending the tech-led rally.
- Clean Energy Recovery: FuelCell Energy and Enphase Energy surged 6.10% and 12.54% respectively, as the scrapping of new tariffs alleviated pressure on the clean energy sector, prompting renewed investor interest in this area.
- Cautious Investment Advice: Despite the short-term market uplift, analysts advise long-term investors to remain calm and not react impulsively to Trump-related news, as short-term fluctuations should not dictate investment strategies.
See More
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- Strategic Collaboration: FuelCell Energy has announced a strategic partnership with Sustainable Development Capital to deploy up to 450 megawatts of advanced power systems, addressing the surging power demands of the global data center market, showcasing the company's proactive positioning in the rapidly evolving AI-driven landscape.
- Technological Edge: The collaboration combines FuelCell's distributed baseload technology with SDCL's expertise in financing and operating scalable energy infrastructure, aiming to provide reliable, always-on power for data centers, enhancing competitiveness in the renewable energy sector while meeting dual demands for sustainability and resilience.
- Market Performance: FuelCell Energy shares surged 8.46% to $8.72 on Tuesday, despite trading approximately 9.1% below its 20-day simple moving average, indicating strong market sentiment and investor confidence in future growth prospects.
- Financial Outlook: The company is expected to report revenues of $47.94 million on March 10, reflecting a 150% year-over-year increase, with an estimated loss of 92 cents per share, demonstrating positive progress in revenue growth and cost management.
See More
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- Strategic Collaboration: FuelCell Energy and SDCL have announced a strategic collaboration to deploy up to 450 megawatts of advanced fuel cell systems, addressing the growing power demands of data centers and other critical distributed power needs driven by AI's impact on power architecture.
- Technology Integration: The partnership combines FuelCell Energy's distributed baseload power technology with SDCL's expertise in financing and operating scalable energy infrastructure, aiming to enhance the availability, resilience, and cost-competitiveness of energy solutions in response to increasing power demands.
- Market Trend: This collaboration underscores the importance of onsite or behind-the-meter power solutions in data center development, which are increasingly evaluated alongside traditional grid supply to meet delivery timelines, grid constraints, and decarbonization goals, promoting sustainable practices.
- Environmental Benefits: FuelCell Energy's systems are designed to minimize local air pollutants typically associated with combustion-based generation, providing a reliable on-site generation option for commercial and industrial applications, aligning with the long-term value of transitioning to cleaner energy systems.
See More
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- Strategic Collaboration: FuelCell Energy and SDCL have announced a strategic collaboration to deploy up to 450 megawatts of advanced fuel cell systems, addressing the growing power demands of data centers and critical distributed power needs driven by AI's impact on power architecture.
- Technology Integration: The partnership combines FuelCell Energy's distributed baseload power technology with SDCL's expertise in financing and operating scalable energy infrastructure, aiming to enhance the availability, resilience, and cost-competitiveness of energy solutions in response to increasing power demands.
- Market Trend: This collaboration highlights a broader trend in data center development where onsite or behind-the-meter power solutions are increasingly prioritized to address delivery timelines, grid constraints, and decarbonization goals, facilitating more efficient energy infrastructure deployment.
- Environmental Benefits: FuelCell Energy's systems are designed to operate independently of the grid, minimizing local air pollutants typically associated with combustion-based generation, thereby providing a reliable on-site generation option that supports sustainability in commercial and industrial applications.
See More
FuelCell Energy Appoints Amanda Schreiber as General Counsel to Support Global Expansion
- New General Counsel: FuelCell Energy has appointed Amanda J. Schreiber as General Counsel and Corporate Secretary, bringing over 20 years of legal and governance leadership experience, previously serving as EVP and General Counsel at ContourGlobal, where she helped scale the company to over 6 gigawatts of installed capacity across 20 countries.
- Governance and Compliance Enhancement: During her tenure at ContourGlobal, Schreiber strengthened governance, compliance, and enterprise risk management, supporting substantial organic and inorganic growth while driving complex project development and financing, showcasing her deep experience in global power markets.
- Supporting Company Growth: CEO Jason Few noted that Schreiber's background will ensure that FuelCell Energy's contracting, risk management, and governance capabilities effectively support the next phase of growth in large-scale utility and industrial deployments, enhancing the company's competitiveness in complex transactions.
- Legal and Business Strategy Integration: Schreiber expressed excitement about joining FuelCell Energy at this pivotal moment, planning to collaborate with the leadership team to drive disciplined execution of the company's technology and mission, creating long-term value and further solidifying the company's leadership in the clean energy sector.
See More
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- New General Counsel: FuelCell Energy has appointed Amanda J. Schreiber as General Counsel and Corporate Secretary, bringing over 20 years of legal and governance leadership experience to support the company's global expansion efforts.
- Extensive Industry Experience: At ContourGlobal, Schreiber played a key role in scaling the company to over six gigawatts of installed capacity, demonstrating her capabilities in complex project development and financing that will benefit FuelCell Energy.
- Strategic Alignment: CEO Jason Few noted that Schreiber's background will enhance the company's contracting, risk management, and governance capabilities as it progresses into larger-scale utility and industrial deployments, supporting the next phase of growth.
- Legal and Compliance Leadership: With prior experience at Covington & Burling and Sullivan & Cromwell, Schreiber brings a wealth of legal strategy and compliance leadership experience that will provide robust legal support for FuelCell Energy.
See More
