FuelCell Energy Announces End Of Engagement With Huron And The Restructuring Services Being Provided Based On Progress

FuelCell Energy, Inc. (NASDAQ:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced that based on the progress made

Benzinga · 11/05/2019 21:11

FuelCell Energy, Inc. (NASDAQ:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced that based on the progress made by the Company, the Board ended the engagement with Huron and the restructuring services being provided effective October 31, 2019. Beginning on June 2, 2019, Huron provided various services related to the Company’s restructuring and contingency planning initiatives. The Board’s decision was based on the outcome of many actions undertaken by Huron at the direction of the Board that led to the Company’s successful restructuring, including the right sizing of the business, implementation of cost control measures, and pay off of substantial corporate debt.