FuelCell Energy Inc. said it netted an extra $4.2 million from its recent public stock offering, money the Danbury maker of fuel-efficient power turbines will plow into new products and expanding its production capacity.
FuelCell said another 3.6 million shares were sold above its offering of 24 million shares of common. The $4.2 million is what was left after fees and commissions.
At 11:30 a.m., FuelCell was down 4 cents, or 3 percent, at $1.32.
Lazard Capital Markets LLC acted as the sole book-running manager and Canaccord Genuity Inc. was co-manager for the offering.
