Fuelcell Energy (FCEL) has disclosed a new risk, in the Share Price & Shareholder Rights category.
FuelCell Energy faces the risk of delisting from The Nasdaq Global Market due to non-compliance with the minimum bid price requirement. As of May 31, 2024, the company’s stock had not met the $1.00 minimum bid for 30 consecutive days. Although FuelCell Energy has until November 27, 2024, to address this issue, there is no guarantee of compliance or maintenance of other listing requirements. Delisting could significantly impair the stock’s marketability and the company’s capital-raising capabilities.
Overall, Wall Street has a Hold consensus rating on FCEL stock based on 2 Holds.
To learn more about Fuelcell Energy’s risk factors, click here.
