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FuelCell Energy enters at-the-market program for sale of 38 million shares

FuelCell Energy Inc. entered into an agreement with B. Riley FBR Inc. to create an at-the-market equity program for the potential sale of up to 38 million common shares from time to time.

At the time of the offering, the company will notify the agent, B. Riley FBR, who will use its commercially reasonable efforts consistent with its normal trading and sales practices to sell the shares, based upon the company's instructions, according to an Oct. 4 Form 8-K filing.

FuelCell will specify the use of proceeds at the time of the offering.