FuelCell Energy has regained Nasdaq listing compliance, having flirted with being delisted from the exchange.
The Danbury energy company announced it has received a letter from the Nasdaq stating it has regained compliance with its minimum bid price requirement – $1 per share – in Nasdaq Listing Rule 5450.
The company completed restructuring efforts in November; those included naming Jason Few president and CEO in August after Chip Bottone’s sudden departure from that post.
Meanwhile, another county-based energy firm – Stamford’s Revolution Lighting – was delisted from the Nasdaq in December for failing to meet the minimum bid price requirement.
