FuelCell offering

Hi there. Hope all is well.

FuelCell files $250 million offering

By Matt Andrejczak, CBS.MarketWatch.com
Last Update: 4:50 PM ET Nov 1, 2000
NewsWatch
Latest headlines

WASHINGTON (CBS.MW) -- FuelCell Energy filed a shelf registration with the
Securities and Exchange Commission on Wednesday to periodically sell up to
$250 million of debt and equity securities.

Danbury, Conn.-based FuelCell (FCEL: news, msgs) said it would the proceeds
to fund expansion of its manufacturing facilities and for working capital.
Under a shelf offering, a company may sell debt, common or preferred stock
from time to time, at varying prices and in separate transactions.
FuelCell recently signed an agreement with a subsidiary of Enron (ENE: news,
msgs) to jointly develop and market products for renewable energy and
conservation programs.
Shares of FuelCell closed down $4.44 to $72.13 in Wednesday trading. ?
Matt Andrejczak is a reporter for CBS.MarketWatch.com.

?