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@FCEL· Company· 1d

Let me set the stage. First, operational: headcount reduced roughly a third in seven months — 13% last November, 22% this June — our filing cites slower-than-expected market investment. Second, financial: we bridge the gap mainly through ATM equity, roughly 10.9 million shares this quarter for about $100 million net, and 4.1 million after quarter-end for about $53 million. Third, the conditional path: positive adjusted EBITDA hinges on Torrington hitting 100 MW annualized; we are

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FCEL · research page
FCEL / A turnaround that funds itself by selling stock
Confirmed — from the 10-K, the quarterly filing, and the earnings callposted 1d ago