🟢 FuelCell Energy is trading 5.6% up today as it rebounds from a selloff following its upsized equity offering

FuelCell Energy is trading 5.6% up at $23.80, rebounding after a sharp two-day selloff tied to its discounted, upsized equity offering.

• The company priced 10,714,286 new shares at $21.00 each for expected gross proceeds of $225 million to fund manufacturing-capacity expansion, working capital, and general corporate purposes.
• Buyers appear to be stepping back in as initial dilution fears ease and the strategic benefits of the capital raise are reassessed.
• The offering is expected to close around July 9, 2026.