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FuelCell Energy: Stock Price Gets Cosmetic Changes

FuelCell Energy: Stock Price Gets Cosmetic Changes

Fuelcell-energy-module-lineup

Fuel cell power plant, © FuelCell Energy

To free FuelCell Energy from the shackles of “penny stock life,” the company based in Danbury, Connecticut, took the radical step of merging its shares (reversal stock split) at a ratio of 12:1, effective from Dec. 4, 2015 (see graph). Considering the organization’s more than 300 million outstanding shares (more to say, 475 million fully diluted ones, and 40 million after the split), this move was to be expected: The company was running the risk of being dropped from Nasdaq (more…)

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