FuelCell Energy Sinks 14%, Bloom Energy Down 8% on $225M Share Sale

FuelCell Energy stock price fell 14%, and Bloom Energy declined 8%, following a $225M share sale priced at $21. Plug Power's stock price has been flat.

FCEL sank 14% and BE slid 8% after FuelCell Energy priced an upsized underwritten public offering at $225 million gross, above a previously announced $200 million plan, with 10,714,286 shares priced at $21 apiece. The pricing stings by comparison: FuelCell Energy stock was trading near $36 just last week, making the $21 offering price a steep discount that spooked holders.

The deal is expected to close on or about July 9, with proceeds earmarked for manufacturing capacity expansion, working capital, and general corporate purposes, tied to the company's Torrington, Connecticut buildout that management has framed as a data-center power-capture play.

Bloom Energy's sympathy decline appears to reflect broader nervousness about clean-energy financing conditions rather than company-specific news: Bloom posted Q1 fiscal 2026 revenue of $751.05 million, up 130.4% year over year, and had raised its full-year guidance ahead of today's move. The dilution from FuelCell's raise is a reminder that even well-funded clean-energy names remain sensitive to capital-raise headlines across the sector.