Danbury Company in Danger of Nasdaq Delisting

DANBURY, CT —FuelCell Energy risks being delisted from Nasdaq if the company’s shares remain below the $1 mark, the News Times is reporting. The Danbury-based company has traded below $1 for thirty consecutive days.

FuelCell, which trades under the symbol FCEL, closed Tuesday at 64 cents a share. The company has until May to rack up a streak of ten straight days trading above a dollar to stay on the big board.

FuelCell finshed its third quarter with revenue up 17 percent from a year ago to $12.1 million, but reported a $17.6 million loss for the period ending in July including dividends paid out to preferred investors.

For more, see the News Times.

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