If you hold this H2-international issue in your hands, we will know how FuelCell Energy will continue – whether it will continue: Chapter 11 (US insolvency) or reorganisation. What has happened? Enormous amounts of shares were traded daily by FuelCell Energy – on some days up to 150 million (computer arbitrage programs?). These were felt more than there actually are (reason: Conversion of preference shares). The interim price gain resembled an explosion, as there were even short-term prices of 1.00 US-$, while the price days before was still 0.13 US-$ (all, of course, under the aspect of the 12:1 reverse split).
FuelCell Energy (Nasdaq: FCEL) has announced its financial results for the first quarter in 2018, ended Jan. 31. Total revenue amounted to USD 38.6 million, up from USD 17 million in 2017. The company posted a loss of USD 8.4 million, including USD 3.5 million in deemed dividends on preferred stock. Financial liquidity on the balance sheet date added up to USD 115.4 million, part of which is a USD 40 million revolving project financing facility by NRG Energy