Key Developments: FuelCell Energy Inc (FCEL.A)

FCEL.A on American Stock Exchange

1.80USD
30 Oct 2014
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Latest Key Developments (Source: Significant Developments)

FuelCell Energy Inc secures contract to evaluate new potential applications for Direct FuelCell Power Plants
Tuesday, 7 Oct 2014 08:30am EDT 

FuelCell Energy Inc:Says it has secured a contract award that will evaluate the potential integration of Direct FuelCell (DFC) power plants with combustion-based natural gas fueled processes.Says a global energy company awarded the contract.  Full Article

FuelCell Energy announces agreement to sell university fuel cell project to NRG Energy
Tuesday, 9 Sep 2014 08:30am EDT 

NRG Energy Inc:Enters into an agreement to purchase FuelCell Energy's previously announced 1.4 megawatt fuel cell power plant project at University of Bridgeport.Ownership of the project will transfer to NRG Energy upon substantial completion of construction and is also subject to customary closing conditions.  Full Article

FuelCell Energy Inc awarded 5.6 Megawatts of Ultra-Clean and Efficient Fuel Cell Power Plants
Wednesday, 30 Apr 2014 08:30am EDT 

FuelCell Energy Inc:Another utility-scale award for two 2.8 megawatt DFC3000 fuel cell power plants by United Illuminating , part of UIL Holdings Corp.One power plant will be located in Bridgeport, Connecticut as part of distributed renewable power generation project that also includes a solar array.Second installation will be located within the UI service territory at a site to be named in the next 30 days.  Full Article

FuelCell Energy Inc announces market developments for on-site distributed hydrogen generation using versatile stationary fuel cell power plants
Friday, 7 Mar 2014 08:30am EST 

FuelCell Energy Inc:Further progress with developing the on-site distributed hydrogen generation market with $2.8 mln continuation of award from the U.S. Department of Energy's Advanced Manufacturing Office.To showcase the tri-generation capabilities of a Direct FuelCell power plant for industrial applications.  Full Article

FuelCell Energy Inc announces closing of $31.6 mln public offering of common stock
Thursday, 23 Jan 2014 11:55am EST 

FuelCell Energy Inc:Says the completion of an underwritten public offering of 25.3 million shares of its common stock, including 3.3 million shares sold pursuant to the full exercise of an over-allotment option previously granted to the underwriters.Says all of the shares were offered and sold by FuelCell Energy at the public offering price of $1.25 per share.Says total net proceeds to the company after expenses were about $29.4 mln.Says it intends to use the net proceeds from this offering for project development, project finance, working capital support and general corporate purposes.  Full Article

FuelCell Energy Inc prices $27.5 mln public offering of common stock
Friday, 17 Jan 2014 09:12am EST 

FuelCell Energy Inc:Says that it has priced an underwritten public offering of 22,000,000 shares of its common stock at a price to the public of $1.25 per share for gross proceeds of a about $27.5 mln.Says net proceeds from the sale of the shares, after deducting the underwriters' discounts and other estimated offering expenses payable by the company, will be about $26.0 million.Says it has also granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of common stock offered in the public offering to cover over-allotments, if any, which would result in additional gross proceeds of about $4.1 mln, if exercised in full.Says it intends to use the net proceeds from this offering for project development, project finance, working capital support and general corporate purposes.Says offering is expected to close on or about January 23, 2014, subject to the satisfaction of customary closing conditions.Says Stifel is acting as the sole book-running manager for the offering.Says Cowen and Company is acting as the co-lead manager, and FBR Capital Markets & Co. is acting as co-manager for the offering.Says Ardour Capital Investments, LLC is acting as selling group member for the offering.  Full Article

FuelCell Energy Inc announces proposed public offering of common stock
Thursday, 16 Jan 2014 05:13pm EST 

FuelCell Energy Inc:Says intention to offer shares of common stock in an underwritten public offering.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.Intends to use the proceeds from this offering for project development, project finance, working capital support and general corporate purposes.Says while the offering is expected to price before Jan. 17, 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.Says Stifel is acting as the sole book-running manager for the offering.Says Cowen and Company is acting as the co-lead manager, and FBR Capital Markets & Co. is acting as co-manager for the offering.Says Ardour Capital Investments, LLC is acting as selling group member for the offering.  Full Article

FuelCell Energy Inc Announces Closing Of Senior Unsecured Convertible Notes Offering
Tuesday, 25 Jun 2013 04:05pm EDT 

FuelCell Energy Inc announced the closing of its senior unsecured convertible notes offering. The offering, which closed on June 25, 2013, consisted of 8.00% senior unsecured convertible notes due June 15, 2018. Under the terms of the notes, the Company will pay interest semi-annually in arrears and the notes will mature on June 15, 2018, unless converted as described below. The notes are convertible into shares of FuelCell Energy common stock at a conversion rate of 645.1613 shares of common stock per $1,000 principal amount of convertible notes, equivalent to a conversion price of approximately $1.55 per share of common stock. The notes are general unsecured obligations, ranking equally with all of the Company's other unsecured senior indebtedness, if any, and senior in right of payment to any of its subordinated indebtedness, if any. The net proceeds of the offering to the Company were approximately $36 million, after deducting underwriting discounts, commissions and estimated offering expenses. The Company intends to use the net proceeds from the offering to meet working capital needs and for general corporate purposes.  Full Article

Fuelcell Energy Inc Announces Pricing Of Senior Unsecured Convertible Notes Offering
Thursday, 20 Jun 2013 07:07am EDT 

FuelCell Energy Inc announced the pricing of its senior convertible notes offering. The Company announced that it has entered into an underwriting agreement with respect to an offering of $38 million principal amount of its 8.00% senior unsecured convertible notes due June 15, 2018. Lazard Capital Markets LLC acted as sole book-running manager and Stifel acted as co-lead manager. The Company intends to use the estimated net proceeds of approximately $36 million from the offering for working capital and general corporate purposes.  Full Article

FuelCell Energy Inc Acquires Remaining Interest In Versa Power Systems
Thursday, 20 Dec 2012 05:30pm EST 

FuelCell Energy Inc announced that it has acquired the remaining shares of Versa Power Systems, Inc. (Versa). Versa is a solid oxide fuel cell developer with research facilities in Littleton, Colorado, USA and Calgary, Canada. The addition of solid oxide fuel cell technology strengthens the global leadership position of FuelCell Energy. Prior to this action, FuelCell Energy, Inc. owned approximately 39% of Versa. FuelCell Energy exchanged approximately 3.5 million shares of its common stock, valued at approximately $3.3 million, as the total consideration for the remaining Versa shares held by other Versa shareholders.  Full Article

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