FCEL under $1 for only nine days now with 21 more business days to close over $1 and stop the 30 day rule. Volume and action today with the Nasdaq so ugly is atypical and suggests it will pop and close over $1 relatively soon...and certainly within the remaining time. The buyers over the past few days should see to that. We're only talking about 8% or 8 cents from today's close.
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Exxon would be the candidate for a buy-out and ownership on paper would be the only result...FCE, the Company, remains intact as it is with all the current players...like Warren Buffett owning See's Candy.
The commercial agreement between Exxon and FCE, aimed at enabling deployments of the carbonate fuel cell technology for carbon capture, is yet to be established...no doubt a work in progress with no timetable...but certainly has many possibilities...including a JV which is more likely than a buy-out.
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