- Company seizes the opportunity to raise additional capital after epic November rally in the shares.
- The move will help to address legacy debt issues and further improve liquidity.
- Discussing weak preliminary Q4 results with elevated service costs and massive cash burn.
- Legal battle with former partner POSCO Energy continues to escalate.
- While the company's financial position has substantially improved over the course of 2020, ongoing weak business trends and elevated valuation should keep investors sidelined.
For further details see:
FuelCell Energy - Latest Capital Raise Addresses Legacy Debt Issues And Further Improves Liquidity