FuelCell Energy said it will use the money, if the offering is completed, to expand manufacturing capacity, fund working capital and support general corporate needs.
UBS analyst Manav Gupta cited FuelCell’s recently announced strategic partnership with Fit Energy USA as the basis for the bullish outlook on the company.
Iran war accelerates global clean energy shift. Nations are planning to boost solar & wind to cut oil risks. ETFs like ICLN, QCLN, PBW in focus for long-term gains.