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MeghanStar

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MeghanStar

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Thursday, 11/19/2020 8:00:16 AM

Thursday, November 19, 2020 8:00:16 AM

Post# of 59909
DANBURY, Conn., Sept. 29, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) (“FuelCell Energy” or the “Company”) today announced the launch of an underwritten public offering of 31,000,000 shares of its common stock (the “Offering”). FuelCell Energy expects to grant the underwriters a 30-day option to purchase up to 4,650,000 additional shares of its common stock.

J.P. Morgan Securities LLC, Barclays Capital Inc., and Canaccord Genuity LLC are acting as joint book-running managers.

Seems to me the said underwriters, including JPM are looking to drive the price down before buying more. They better not wait. The entire float traded hands on Wednesday. The trading volume exceeds their ability to manipulate all the small investors. lol. Looks like democracy in action.

PLUG had wild swings like this and look at her now. Just say'n.
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  • 1M
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  • 6M
  • 1Y
  • 5Y
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