FuelCell Energy is trading 7.6% down now at $18.50 as traders react to a recently priced $225 million underwritten stock offering at $21.00 per share.
- The offering was priced at a steep discount to prior levels, triggering heavy selling and significant concerns regarding shareholder dilution.
- Broader weakness in the energy sector is also weighing on the stock after PPI data showed sharply lower fuel prices, impacting sentiment for volatile clean-energy names.