FuelCell Energy Inc. (FCEL) shares took a hit after the company announced a $200 million stock offering following Tuesday's closing bell. The news sent the stock down more than 16% in after-hours trading, adding to a 12% loss during the regular session as traders took profits following a sharp run tied to recent data-center and financing headlines.

FuelCell Energy will grant underwriters a 30-day option to purchase up to an additional 15% of the shares sold in the offering. The company plans to use the net proceeds for capital expenditures related to expanding manufacturing capacity to support growth, along with other general corporate purposes.

FCEL Technicals

The relative strength index (RSI) is currently at 60.25, which is in neutral territory but suggests the stock still has room to run before reaching overbought conditions. This level indicates positive momentum, but traders should watch for any signs of reversal as the stock approaches higher levels.

The MACD is above its signal line, reinforcing the bullish momentum in FuelCell's stock. This suggests the current trend is strong, and traders may look for buying opportunities as long as this condition holds.

Looking at the 12-month performance, FuelCell has skyrocketed by 372%, showcasing a remarkable uptrend over the past year. This impressive return highlights the stock's strong bullish sentiment and the potential for continued growth in the longer term.

FCEL Price Action

FCEL Stock Price Activity: FuelCell Energy shares were down 15.22% at $22.01 during after-hours trading Tuesday, according to market data.