FuelCell Energy
Announces Proposed Public Offering of Common Stock
FuelCell Energy,
Inc. (Nasdaq:FCEL), a leading manufacturer of
ultra-clean, efficient and reliable fuel cell power plants, announced today its
intention to offer shares of common stock in an underwritten public offering.
The Company also expects to grant the underwriters a 30-day option to purchase
additional shares of common stock offered in the public offering to cover
over-allotments, if any. The Company intends to use the proceeds from this
offering for growth capital and general corporate purposes. While the offering
is expected to price before 9:30 am EDT on March 22, 2012, the offering is
subject to market conditions, and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size of the offering.
Lazard
Capital Markets LLC is acting as the sole book-running manager for the
offering. Stifel Nicolaus Weisel is acting as the co-lead manager and FBR Capital
Markets & Co. is acting as the co-manager for the offering.
The
Company intends to offer and sell these securities pursuant to the Company's
existing shelf registration statement initially filed with the Securities and
Exchange Commission on January 20, 2010, which was declared effective on
September 21, 2010. A prospectus supplement describing the terms of the
offering will be filed with the Securities and Exchange Commission and will
form a part of the effective registration statement. When available, copies of
the preliminary prospectus supplement, the final prospectus supplement and
accompanying base prospectus related to this offering may be obtained from the
Securities and Exchange Commission's website at http://www.sec.gov or from Lazard Capital Markets LLC, 30 Rockefeller
Plaza, 60th Floor, New York, NY 10020 or via telephone at (800)
542-0970.
This
press release does not constitute an offer to sell or the solicitation of
offers to buy any securities of FuelCell Energy, and
shall not constitute an offer, solicitation or sale of any security in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.
About
FuelCell Energy
Direct FuelCell� power plants are generating ultra-clean,
efficient and reliable power at more than 50 locations worldwide. With over 180
megawatts of power generation capacity installed or in backlog, FuelCell Energy is a global leader in providing ultra-clean
baseload distributed generation to utilities,
industrial operations, universities, municipal water treatment facilities,
government installations and other customers around the world. The Company's
power plants have generated more than one billion kilowatt hours of ultra-clean
power using a variety of fuels including renewable biogas from wastewater
treatment and food processing, as well as clean natural gas. For more
information please visit our website at www.fuelcellenergy.com