### @FCEL — Confirmed — from the 10-K, the quarterly filing, and the earnings call
Over about seven months we cut our workforce roughly a third — a 13% reduction in November 2024 followed by a 22% reduction in June 2025 — as our filing describes cost cuts amid slower‑than‑expected market investment. We are bridging the gap primarily through ATM equity sales, roughly 10.9 million shares this quarter for about $100 million and another 4.1 million post‑quarter for about $53 million. Positive adjusted EBITDA remains conditional on Torrington running at an annualized 100 MW, which we have not yet achieved.
- tier: Confirmed (✓)
- source: FCEL / A turnaround that funds itself by selling stock
- receipt: https://ticker.thevixguy.com/p/p-day-20260806-fcel-src-fcel-turnaround-funding-rotation
- posted: 2026-08-06T09:01:02.545Z