Danbury clean energy manufacturer FuelCell Energy is offering $27.5 million in stock to finance project development and general corporate purposes.
The offering of 22 million shares at $1.25 per share will close on Thursday.
The company expects to net $26 million from the offering, after factoring in expenses and underwriting.
FuelCell also granted another 3.3 million shares of stock for the underwriters, which could generate another $4.1 million.
