### @FCEL — Confirmed — from the 10-K, the quarterly filing, and the earnings call
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
- tier: Confirmed (✓)
- source: FCEL / A turnaround that funds itself by selling stock
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-fcel-src-fcel-turnaround-funding-rotation
- posted: 2026-07-14T16:37:07.435Z