|
Video: What is a Stock Split?
|
|
FuelCell Energy is engaged in delivering distributed baseload power solutions through its proprietary fuel cell technology. Co.'s existing commercial technology produces electricity, heat, hydrogen, and water while separating carbon for utilization and/or sequestration. Co.'s product portfolio is based on two electrochemical platforms, carbonate and solid oxide. Both platforms can support power generation and combined heat and power applications using a variety of fuels, including natural gas, renewable biogas, and hydrogen. Both its carbonate and solid oxide platforms are enabled to capture their own CO2 for use or sequestration before it is emitted into the air. According to our FCEL split history records, FuelCell Energy has had 5 splits. | |
|
FuelCell Energy (FCEL) has 5 splits in our FCEL split history database. The first split for FCEL took place on November 17, 1999. This was a 3 for 2
split, meaning for each 2
shares of FCEL owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. FCEL's second split took place on September 14, 2000. This was a 2 for 1 split, meaning for each share of FCEL owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. FCEL's third split took place on June 20, 2001. This was a 2 for 1 split, meaning for each share of FCEL owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. FCEL's 4th split took place on December 04, 2015. This was a 1 for 12 reverse split, meaning for each 12 shares of FCEL owned pre-split, the shareholder now owned 1 share. For example, a 6000 share position pre-split, became a 500 share position following the split. FCEL's 5th split took place on May 09, 2019. This was a 1 for 12 reverse split, meaning for each 12 shares of FCEL owned pre-split, the shareholder now owned 1 share. For example, a 500 share position pre-split, became a 41.6666666666667 share position following the split.
When a company such as FuelCell Energy splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as FuelCell Energy conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the FCEL split history from start to finish, an original position size of 1000 shares would have turned into 41.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FuelCell Energy shares, starting with a $10,000 purchase of FCEL, presented on a split-history-adjusted basis factoring in the complete FCEL split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
11/07/2014 |
|
End date: |
11/05/2024 |
|
Start price/share: |
$303.84 |
|
End price/share: |
$0.37 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-99.88% |
|
Average Annual Total Return: |
-48.87% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$12.19 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
11/17/1999 | 3 for 2
| 09/14/2000 | 2 for 1 | 06/20/2001 | 2 for 1 | 12/04/2015 | 1 for 12 | 05/09/2019 | 1 for 12 |
|
|