Exhibit 99.1

FUELCELL ENERGY, INC.
Consolidated Balance Sheets
(Unaudited)
(Dollars in thousands, except share and per share amounts)

	October 31,			October 31,
	2009			2008
	(Amended)
ASSETS
Current assets:
Cash and cash equivalents	$	57,823		$	38,043
Investments: U.S. treasury securities		7,004			30,406
Accounts receivable, net		22,920			16,096
Inventories, net		25,433			24,523
Other current assets		6,499			8,952
Total current assets		119,679			118,020
Property, plant and equipment, net		32,394			38,259
Investments: U.S. treasury securities		—			18,434
Investment and loan to affiliate		10,064			10,405
Other assets, net		551			358
Total assets	$	162,688		$	185,476
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt and other liabilities	$	997		$	795
Accounts payable		8,484			16,287
Accounts payable due to affiliate		1,584			724
Accrued liabilities		13,808			11,023
Deferred revenue, royalty income and customer deposits		17,013			29,585
Total current liabilities		41,886			58,414
Long-term deferred revenue and royalty income		10,124			2,672
Long-term debt and other liabilities		4,410			4,075
Total liabilities		56,420			65,161
Redeemable minority interest		14,976			13,307
Redeemable preferred stock ($0.01 par value, liquidation preference of $64,120 at October 31, 2009 and 2008.)		59,950			59,950
Shareholders’ equity:
Common stock ($.0001 par value); 150,000,000 shares authorized at October 31, 2009 and 2008; 84,387,741 and 68,782,446 shares issued and outstanding at October 31, 2009 and 2008, respectively.		8			7
Additional paid-in capital		631,296			578,337
Accumulated deficit		(599,960	)		(531,286	)
Accumulated other comprehensive loss		(2	)		—
Treasury stock, Common, at cost (5,679 and 8,981 shares at October 31, 2009 and 2008, respectively.)		(53	)		(90	)
Deferred compensation		53			90
Total shareholders’ equity		31,342			47,058
Total liabilities and shareholders’ equity	$	162,688		$	185,476

FUELCELL ENERGY, INC.
Consolidated Statements of Operations
(Unaudited)
(Dollars in thousands, except share and per share amounts)

	Three Months Ended
	October 31,
	2009			2008
	(Amended)
Revenues:
Product sales and revenues	$	16,727		$	23,320
Research and development contracts		3,685			2,849
Total revenues		20,412			26,169
Costs and expenses:
Cost of product sales and revenues		23,213			35,831
Cost of research and development contracts		2,941			2,415
Administrative and selling expenses		4,086			4,432
Research and development expenses		4,220			6,314
Total costs and expenses		34,460			48,992
Loss from operations		(14,048	)		(22,823	)
Interest expense		(74	)		(35	)
Loss from equity investments		(235	)		(572	)
Interest and other income, net		130			419
Loss before redeemable minority interest		(14,227	)		(23,011	)
Redeemable minority interest		(533	)		(473	)
Loss before provision for income taxes		(14,760	)		(23,484	)
Provision for income taxes		—			—
Net loss		(14,760	)		(23,484	)
Preferred stock dividends		(802	)		(802	)
Net loss to common shareholders	$	(15,562	)	$	(24,286	)
Loss per share basic and diluted:
Net loss per share to common shareholders	$	(0.20	)	$	(0.35	)
Basic and diluted weighted average shares outstanding		77,625,323			68,783,020

FUELCELL ENERGY, INC.
Consolidated Statements of Operations
(Unaudited)
(Dollars in thousands, except share and per share amounts)

	Fiscal Year Ended
	October 31,
	2009			2008
	(Amended)
Revenues:
Product sales and revenues	$	73,804		$	82,748
Research and development contracts		14,212			17,987
Total revenues		88,016			100,735
Costs and expenses:
Cost of product sales and revenues		107,033			134,038
Cost of research and development contracts		10,994			16,059
Administrative and selling expenses		17,194			19,968
Research and development expenses		19,160			23,471
Total costs and expenses		154,381			193,536
Loss from operations		(66,365	)		(92,801	)
Interest expense		(265	)		(100	)
Loss from equity investments		(812	)		(1,867	)
Interest and other income, net		860			3,268
Loss before redeemable minority interest		(66,582	)		(91,500	)
Redeemable minority interest		(2,092	)		(1,857	)
Loss before provision for income taxes		(68,674	)		(93,357	)
Provision for income taxes		—			—
Net loss		(68,674	)		(93,357	)
Preferred stock dividends		(3,208	)		(3,208	)
Net loss to common shareholders	$	(71,882	)	$	(96,565	)
Loss per share basic and diluted:
Net loss per share to common shareholders	$	(0.99	)	$	(1.41	)
Basic and diluted weighted average shares outstanding		72,392,928			68,570,689