Danbury manufacturer wards off Nasdaq delisting

Fuel cells from FuelCell Energy behind Amity Regional High School in Woodbridge power a microgrid serving Amity Regional High School, Woodbridge Town Hall, the library, senior center, police headquarters, fire department and public works department.

Fuel cells from FuelCell Energy behind Amity Regional High School in Woodbridge power a microgrid serving Amity Regional High School, Woodbridge Town Hall, the library, senior center, police headquarters, fire department and public works department.

Arnold Gold / New Haven Register

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