FuelCell Energy, Inc.

Canaccord Genuity acts as Joint Bookrunner on $91 Million Follow-On Offering for FuelCell Energy, Inc.

Canaccord Genuity is pleased to announce the completion of a follow-on offering for FuelCell Energy, Inc. (NASDAQ: FCEL) compromising of 43.50 million shares at $2.10 per share, raising gross proceeds of $91.35 million. Canaccord acted as Joint Bookrunner to the Offering, which was over-subscribed with strong demand from a range of institutional investors.

FuelCell Energy, Inc. is a global leader in developing environmentally responsible distributed baseload power solutions through their proprietary molten-carbonate fuel cell technology. The Company develops turn-key distributed power generation solutions and operates and provides comprehensive services for the life of the power plant. FuelCell’s mission and purpose remains to utilize their proprietary, state-of-the- art fuel cell power plants to reduce the global environmental footprint of baseload power generation by providing environmentally responsible solutions for reliable electrical power, hot water, steam, chilling, hydrogen, microgrid applications, and carbon capture and, in so doing, drive demand for their products and services.

The Canaccord Genuity team consisted of Dan Coyne, Marc Marano, Chris DiPietro, Scott Ahearn and Dan Grimes from Investment Banking and Jennifer Pardi, Brian O’Connor, Michael Wright and Brooke Szczygiel from U.S. Equity Capital Markets.