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Thursday, September 24 Business

Danbury manufacturer wards off Nasdaq delisting

Under new CEO Jason Few, FuelCell Energy warded off the possible delisting of its stock from the Nasdaq, with shares cresting the $1 price threshold on Dec. 26, 2019, and doubling in value since.

FuelCell’s power plants generate electricity through a chemical process, with the company attempting to resuscitate sales under Few who last fall replaced former CEO Chip Bottone on a permanent basis.

FuelCell was one of three locally at risk of a Nasdaq delisting determination along with Norwalk neighbors Frontier Communications and Reed’s, with the latter’s shares trading above the $1 mark in the past week.

Alex.Soule@scni.com; 203-842-2545; @casoulman

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