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Fuelcell Energy Announces Reverse Stock Split Implementation

Fuelcell Energy ( (FCEL) ) has issued an update.

FuelCell Energy, Inc. announced a 1-for-30 reverse stock split effective November 8, 2024, to boost its share price and attract more investors. Post-split trading on Nasdaq begins November 11, 2024, under the symbol ‘FCEL’. This move aims to comply with Nasdaq’s $1.00 minimum bid price requirement and maintain listing standards, while ensuring shareholders retain their proportional stake in the company.

Find detailed analytics on FCEL stock on TipRanks’ Stock Analysis page.

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