FuelCell Energy Inc. (FCEL) had a near-death experience in 2019. The equity market capitalization fell below $50 million. Cash was dwindling and bank lenders were closing in. Numerous bank loan amendments were required in order to avoid default. I thought the end was quite near for FCEL in June 2019 when CEO Arthur Buttone was terminated and replaced with Hurron Consulting Services LLC. Laura Marcero from Hurron was appointed with the ominous sounding title of Chief Restructuring Officer.
Amazingly, Huron and later new CEO Jason Few managed to turn around the company. $10