FuelCell Energy Agrees to Sell Three Million Shares

June 12, 2001 by Jeff Shepard

FuelCell Energy Inc. (Danbury, CT) announced that it has agreed to sell three million shares of its common stock through Merrill Lynch in an underwritten public offering. The offering is being made pursuant to FuelCell Energy’s shelf registration statement.

FuelCell Energy intends to use the net proceeds from this offering to expand manufacturing equipment and facilities to support commercialization activities and for general corporate purposes.