FuelCell Energy Announces the Exercise of the Public Offering of Common Stock Over-Allotment

FuelCell Energy, Inc. a leading manufacturer of high efficiency ultra-clean power plants using renewable and other fuels for commercial, industrial, government, and utility customers announced today that the underwriters of the Company's public offering of 24.0 million shares of common stock have closed on their over-allotment option to purchase an additional 3.6 million shares of FuelCell Energy common stock and have concluded the offering. The additional aggregate net proceeds to FuelCell Energy from the over-allotment option totaled approximately $4.2 million after deducting underwriting discounts, fees and expenses. FuelCell Energy intends to use the net proceeds from this offering for product development, project financing, expansion of manufacturing capacity, and general corporate purposes. Lazard Capital Markets LLC acted as the sole book-running manager and Canaccord Genuity Inc. was co-manager for the offering.

A shelf registration statement relating to these securities was previously filed and declared effective by the Securities and Exchange Commission. A final prospectus supplement related to the offering was filed with the Securities and Exchange Commission. The securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Copies of the base prospectus, the preliminary prospectus supplement and the final prospectus supplement relating to this offering can be obtained at the Securities and Exchange Commission's website 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 or Canaccord Genuity Inc., Attn: Syndicate Department, 99 High Street, 12th Floor, Boston, MA 02110 or via telephone at (800) 225-6201.

Source: Global Newswire