1. FuelCell Energy reported weak quarterly results with high cash burn, reducing unrestricted cash to $177 million (a multi-year low); 2. The company announced restructuring plans, including abandoning its solid oxide fuel cell platform, which will incur significant impairment charges; 3. Despite emphasizing AI data center opportunities, FuelCell Energy faces strong competition from Bloom Energy's superior modular solutions, with limited cash runway and poor near-term prospects justifying a sell recommendation.
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