Why FuelCell Energy (FCEL) Stock Hit A New 52-Week Low Today

+3.70%

FuelCell Energy, Inc.

FCEL

0.00

FuelCell Energy Inc (NASDAQ:FCEL) shares are trading lower by 11% to 26 cents Friday morning. The company this week announced a 1-for-30 reverse split of its common stock, effective on Friday at 5pm ET.

What To Know: Trading post-split will begin on November 11. According to the company, this reverse split is intended to boost the stock's bid price, enabling compliance with Nasdaq's $1.00 minimum price requirement.

After the split, every 30 shares will be consolidated into a single share, preserving each stockholder’s ownership percentage, with adjustments made for fractional shares, which will be paid out in cash.

Read Also: Trump Election Raises Odds Of ‘Roaring 2020s Scenario,' Veteran Wall Street Investor Says: How High Could US Stock Market Rise?

Clean energy-related stocks have also experienced weakness following Donald Trump’s election victory. Investors are concerned that a Trump administration could roll back key incentives and regulatory support for the clean energy sector.

According to data from Benzinga Pro, FCEL has a 52-week high of $1.84 and a 52-week low of $0.26.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.