FuelCell stock dives af­ter split

The News-Times - - BUSINESS -

Shares of FuelCell En­ergy dropped 18 per­cent Thurs­day morning af­ter the com­pany un­der­took a 12-to-one re­verse split of its shares in an ef­fort to re­gain com­pli­ance with the Nas­daq Na­tional Market’s min­i­mum $1 thresh­old. FuelCell has its head­quar­ters in Dan­bury and a man­u­fac­tur­ing plant in Tor­ring­ton, with its power plants pro­duc­ing elec­tric­ity through a chem­i­cal process. FuelCell shares had closed Wed­nes­day at 20 cents, with the is­sue trad­ing at $2 on Thurs­day morning.

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