FuelCell Energy (FCEL) Falls After Amending Open Market Sales Agreement

Core Insights - FuelCell Energy, Inc. (NASDAQ:FCEL) experienced a significant decline in share price, falling by 9.67% from December 23 to December 30, 2025, making it one of the worst-performing energy stocks during that week [1] Financial Performance - The company reported strong Q4 2025 results, with revenue increasing over 11% year-over-year to $55 million and a backlog growth to $1.19 billion, up from $1.16 billion at the end of the previous year [3] Insider Activity - Investor confidence was impacted by an SEC filing on December 22, which disclosed that director Betsy Bingham sold 8,608 shares at $8.52 per share, totaling $73,371 [3] Share Dilution Concerns - On December 30, an SEC filing indicated that FuelCell amended its open market sales agreement, allowing the company to sell up to $200 million in shares of its common stock, raising concerns about potential dilution for investors [4]