FuelCell Energy Announces Proposed Public Offering of Common Stock

FuelCell Energy Announces Proposed Public Offering of Common Stock

DANBURY, Conn., Jan. 16, 2014 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc.
(Nasdaq:FCEL), a global leader in the design, manufacture, operation and
service of ultra-clean, efficient and reliable fuel cell power plants,
announced today its intention to offer shares of common stock in an
underwritten public offering. The Company also expects to grant the
underwriters a 30-day option to purchase additional shares of common stock
offered in the public offering to cover over-allotments, if any. The Company
intends to use the proceeds from this offering for project development,
project finance, working capital support and general corporate purposes. While
the offering is expected to price before 9:30 am EST on January 17, 2014, the
offering is subject to market conditions, and there can be no assurance as to
whether or when the offering may be completed, or as to the actual size of the

Stifel is acting as the sole book-running manager for the offering. Cowen and
Company is acting as the co-lead manager, and FBR Capital Markets & Co. is
acting as co-manager for the offering. Ardour Capital Investments, LLC is
acting as selling group member for the offering.

The Company intends to offer and sell these securities pursuant to the
Company's existing shelf registration statement filed with the Securities and
Exchange Commission and declared effective on July 18, 2013. A prospectus
supplement describing the terms of the offering will be filed with the
Securities and Exchange Commission and will form a part of the effective
registration statement. When available, copies of the preliminary prospectus
supplement, the final prospectus supplement and accompanying base prospectus
related to this offering may be obtained from the Securities and Exchange
Commission's website at http://www.sec.gov or from Stifel at One Montgomery
Street, Suite 3700, San Francisco, CA 94104, or via telephone at (415)

This press release does not constitute an offer to sell or the solicitation of
offers to buy any securities of FuelCell Energy, and shall not constitute an
offer, solicitation or sale of any security in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or jurisdiction.

About FuelCell Energy

Direct FuelCell® power plants are generating ultra-clean, efficient and
reliable power at more than 50 locations worldwide. With more than 300
megawatts of power generation capacity installed or in backlog, FuelCell
Energy is a global leader in providing ultra-clean baseload distributed
generation to utilities, industrial operations, universities, municipal water
treatment facilities, government installations and other customers around the
world. The Company's power plants have generated more than two billion
kilowatt hours of ultra-clean power using a variety of fuels including
renewable biogas from wastewater treatment and food processing, as well as
clean natural gas. For more information, please visit www.fuelcellenergy.com

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Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc. are all
registered trademarks of FuelCell Energy, Inc. DFC-ERG is a registered
trademark jointly owned by Enbridge, Inc. and FuelCell Energy, Inc.

CONTACT: FuelCell Energy, Inc.
         Kurt Goddard, Vice President Investor Relations

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