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Tuesday, August 4 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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