my personal opinion, page-18

Certainly not a good time for a small company to be raising capital. (PEK another stock I hold, is also doing a fund raising and it is being treated in the same manner).
I just listened to the BRR presentation and the SP does seem to be oversold at the moment.

From page 59 of the July 12 presentation (or 6 min into the BRR presentation)

Currently making ~6 fuel cell stacks & 5 BlueGen
units per week (in the presentation Brendan mentions a decent number in stock)

With large furnace operating (target August),(in the BRR presentation Brendan does seem confident that the Furnace supplier will be able to acheive this)
capacity increases to 1,500 BlueGen units per year

Increase production beyond this without
additional capex, through: operational efficiencies,
flexible work practices, more outsourcing

Next step: upgrade the 2nd large furnace
= another 30-40 stacks per week,
for total capacity of 3,000-3,500 stacks per year

Pages 61 and 62 of the presentation deal with bringing the unit costs down.