FUELCELL ENERGY INC

FuelCell Energy, Inc. filed a prospectus supplement to its automatic shelf registration statement on Form S-3. This action is a procedural step to enable the future issuance and sale of securities. The company also filed a legal opinion from Latham & Watkins LLP, confirming the legality of the securities issuance, as required for such filings.

FuelCell Energy entered into an underwriting agreement for a public offering of 10,714,286 shares of common stock at $21.00 per share. The underwriters fully exercised their option to purchase an additional 1,607,143 shares. The company expects to receive approximately $245.4 million in net proceeds, which will be used for capital expenditures related to manufacturing capacity expansion, working capital, and general corporate purposes. The offering is expected to close on July 9, 2026.

FuelCell Energy and Siemens have announced a collaboration to accelerate the growth of fuel cell-based power generation. Under a Memorandum of Understanding, Siemens will design and supply electrical balance of plant (EBOP) systems for FuelCell Energy's installations, supporting the rapid deployment of 100+ MW commercial projects. This partnership aims to deliver scalable, on-site power solutions for energy-intensive applications like data centers, by combining fuel cell technology with Siemens' electrical infrastructure and integration expertise. The companies will jointly develop projects, evaluate opportunities to scale solutions, and assess new applications to improve timelines, reduce costs, and increase deployments.

FuelCell Energy, Inc. announced that the Export-Import Bank of the United States (EXIM) approved a $49 million financing package. The first tranche, expected on June 30, 2026, will provide approximately $22 million in net proceeds to support the delivery of five 2.8-megawatt FuelCell Energy Blocks to Gyeonggi Green Energy in South Korea. A second tranche is anticipated in October 2026, further supporting the export of U.S.-manufactured clean energy technology and providing non-dilutive capital for growth.

FuelCell Energy Inc. announced a strategic agreement with Fit Energy USA LP to provide up to 380 megawatts (MW) of clean, baseload power for data centers using FuelCell Energy's utility-scale fuel cell technology. The agreement includes an immediate deposit for an initial 30 MW, with delivery scheduled to begin later this year. The partnership also involves the issuance of warrants to Fit Energy, allowing them to purchase up to 12,000,000 shares of FuelCell Energy's common stock at an exercise price of $26.44 per share, with vesting tied to future deployment milestones.

FuelCell Energy, Inc. reported its financial results for the first quarter and six months ended April 30, 2026. The company experienced a significant increase in net loss for both periods, with a Q1 loss of $77.9 million compared to $38.0 million in the prior year. Total revenues saw a slight decrease in the first quarter but an increase in the six-month period. A substantial impairment expense of $42.6 million was recognized in the current year's periods. Despite the increased losses, the company's unrestricted cash balance improved significantly.

FuelCell Energy, Inc. reported its financial results for the second fiscal quarter ended April 30, 2026. Revenue decreased by 5% to $35.6 million, while gross loss widened by 37% to $(12.9) million. The company experienced a significant increase in loss from operations, up 118% to $(77.9) million, resulting in a net loss attributable to common stockholders of $(78.7) million, or $(1.45) per share. Despite the financial downturn, the company highlighted progress in its manufacturing expansion and strategic collaborations, including advancements in its data center power strategy and the shipment of carbon capture modules.

FuelCell Energy elected John Livingston to its Board of Directors, effective May 19, 2026, increasing the board size to nine. Livingston brings over 25 years of experience in strategy, technology, industrial operations, and cybersecurity, including founding Verve Industrial Protection. He will serve on the Audit, Finance and Risk Committee and the Compensation and Leadership Development Committee, aligning with the company's focus on resilient power solutions for critical infrastructure. As a non-employee director, he will receive an annual retainer, committee fees, and 5,896 restricted stock units.

FuelCell Energy, Inc. announced the appointment of John Livingston to its Board of Directors, effective May 19, 2026. Livingston brings over 25 years of experience in strategy, technology, industrial operations, and cybersecurity, aligning with the company's focus on resilient power solutions for data centers and critical infrastructure. His past roles include founding Verve Industrial Protection and serving as CEO, as well as over two decades at McKinsey & Co. The company believes his expertise will be valuable as energy systems grow in complexity and cyber threat risks increase.

FuelCell Energy, Inc. announced it will release its second quarter 2026 financial results before the stock market opens on Monday, June 8, 2026. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to discuss the results and provide a business update. The call will be accessible via webcast on the company's website and by telephone.