FuelCell Energy Receives Nasdaq Non-Compliance Notice For Minimum Bid Price Requirement, Falling Below $1.00 Per Share For 30 Consecutive Business Days
Portfolio Pulse from Benzinga Newsdesk
FuelCell Energy has received a non-compliance notice from Nasdaq for failing to meet the minimum bid price requirement, as its stock has fallen below $1.00 per share for 30 consecutive business days.
June 06, 2024 | 8:27 pm
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FuelCell Energy has been notified by Nasdaq for non-compliance with the minimum bid price requirement, as its stock price has been below $1.00 for 30 consecutive business days.
The non-compliance notice from Nasdaq indicates that FuelCell Energy's stock has been underperforming, which could lead to further negative sentiment and potential delisting if the issue is not resolved. This is likely to put downward pressure on the stock price in the short term.
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