SAN DIEGO, Oct. 24, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of persons and entities who purchased or otherwise acquired FuelCell Energy, Inc. (NASDAQ: FCEL) securities between June 4, 2026 and September 1, 2026, inclusive (the "Class Period"). FuelCell, together with its subsidiaries, engages in the design, development, production, construction, operation, and servicing of high temperature fuel cells for clean electric power generation.
The complaint alleges that FuelCell misled investors regarding its manufacturing capacity.
Investors who suffered significant losses during the Class Period may be eligible to participate in the lawsuit and should contact Robbins LLP prior to the November 10, 2026, lead plaintiff deadline.
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Why Was FuelCell Sued?
According to the complaint, on June 24, 2026, FuelCell announced a capital equipment purchase agreement (“CEPA”) with Fit Energy USA LP (“Fit Energy”) for up to 380 MW of fuel cell power for data centers, with an initial committed 30 MW phase (“Phase 0”) including an immediate deposit.
The complaint alleges that, during the Class Period, defendants failed to disclose to investors:
(1) that the Company’s manufacturing capacity was inadequate to generate the production rate required under the CEPA;
(2) that, as a result, the Company’s annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected;
(3) that, as a result, the Company was incurring higher product costs and manufacturing overhead expenses;
(4) that, as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA;
(5) that the foregoing was a known trend affecting the Company’s profitability; and
(6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Why Did FCEL Stock Drop?
On September 2, 2026, before the market opened, FuelCell reported its fiscal third quarter 2026 financial results, reporting a net loss of $45.3 million. According to the Company’s press release, this reflected “a higher gross loss than the prior year period,” which was caused by “product costs and manufacturing overhead that currently exceed the contractual pricing established under the CEPA with Fit Energy.” Further, FuelCell reported that the annualized production rate was “below the production volume at which we expect our cost structure to align with market-based pricing for orders of this scale,” and as a result, the Company recorded a $17 million charge to “reflect the impact of contractual pricing provisions associated with specific inventory and firm purchase commitments” arising from Phase 0 of the CEPA. On this news, FuelCell shares fell $2.68, or 15.69%, to close at $14.40 per share on September 2, 2026, on unusually heavy trading volume.
Who May Be Eligible to Participate in the FuelCell Class Action?
The lawsuit seeks to represent investors who purchased or otherwise acquired FuelCell Energy, Inc. securities between June 4, 2026 and September 1, 2026. Investors who suffered losses during that period may have legal rights under the federal securities laws.
What Is a Lead Plaintiff?
The lead plaintiff is a court-appointed investor who represents the interests of all class members throughout the litigation. Stockholders who wish to lead the class action should contact Robbins LLP for information prior to the November 10, 2026, lead plaintiff deadline.
Serving as lead plaintiff is not required to share in any potential recovery. Investors who do not seek appointment may remain absent class members if the case proceeds and later resolves successfully.
Does It Cost Anything to Participate?
No. Robbins LLP represents investors on a contingency fee basis.
Why Robbins LLP?
A recognized leader in shareholder rights litigation, Robbins LLP represents investors in securities fraud and shareholder derivative litigation. We have helped restore more than $2 billion in value to shareholders and secured some of the largest recoveries in shareholder derivative litigation history.
"Companies have an obligation to provide investors with complete and accurate information so that markets can function fairly and efficiently," said Brian J. Robbins, Founding Partner of Robbins LLP.
To be notified if a class action against FuelCell Energy, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
Contact Robbins LLP
Investors seeking additional information about the FuelCell Energy, Inc. securities class action may contact Robbins LLP by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.
Attorney Advertising. Past results do not guarantee a similar outcome.
New York, New York--(Newsfile Corp. - October 24, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the "Class Period"), of the important November 10, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA"); (2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell's profitability; and (6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320725
Source: The Rosen Law Firm PA
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WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the “Class Period”), of the important November 10, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell’s manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement (“CEPA”); (2) as a result, FuelCell’s annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell’s profitability; and (6) as a result of the foregoing, defendants’ positive statements about FuelCell’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
New York, New York--(Newsfile Corp. - October 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the "Class Period"), of the important November 10, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA"); (2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell's profitability; and (6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320614
Source: The Rosen Law Firm PA
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
New York, New York--(Newsfile Corp. - October 23, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL) on behalf of investors that purchased or otherwise acquired FuelCell securities between June 24, 2026 and September 1, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in FuelCell and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than November 10, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On June 24, 2026, FuelCell announced a "strategic agreement" with Fit Energy USA LP ("Fit Energy") to manufacture, sell and deliver carbonate fuel cell block systems "for up to 380 megawatts (MW) of clean, baseload on-site power for data centers using FuelCell Energy's utility-scale fuel cell technology[,]" including "an immediate deposit for an initial 30 MW of power scheduled to begin delivery later this year."
Then, on September 2, 2026, FuelCell reported financial results for the fiscal third quarter 2026 ending July 31, 2026, including a gross loss of $24.5 million in the third quarter of fiscal 2026 compared to a gross loss of $5.1 million in the third quarter of 2025. During the earnings call to discuss these results, FuelCell's Chief Financial Officer ("CFO") said that the "the primary driver" of the Company's higher gross loss than the prior year period was "$17 million of charges recorded during the quarter" that were recorded in connection with Phase 0 of FuelCell's Capital Equipment Purchase Agreement ("CEPA") with Fit Energy "due to the fact that our current product costs and manufacturing overhead exceed the contractual pricing established under that agreement." On this news, FuelCell shares fell $2.68, or 15.69%, to close at $14.40 per share on September 2, 2026.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA with Fit Energy and that the Company was reasonably likely to incur charges in connection with the CEPA.
CLICK HERE TO LEARN MORE
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Key Takeaways FuelCell Energy's system earns a 99.873% capacity rating in PJM's 2028/2029 reliability assessment.PJM projects 32 GW of peak load growth by 2030, with about 30 GW expected from data centers.High capacity accreditation could raise eligible projects' revenue potential, subject to market outcomes.
FuelCell Energy, Inc. (FCEL - Free Report) has achieved a 99.873% capacity rating for its FuelCell Energy Block System in PJM Interconnection’s unit-specific Effective Load Carrying Capability (ELCC) assessment for the 2028/2029 Reliability Backstop Procurement process. The result highlights the potential reliability contribution of the company’s fuel cell technology as electricity demand rises, particularly from data centers and other large power consumers seeking dependable, on-site generation.
FuelCell Energy Secures Strong PJM Capacity AccreditationThe 99.873% rating indicates that PJM may recognize nearly all the evaluated system’s capacity as dependable under the applicable assessment. In practical terms, approximately 99.9 megawatts of every 100 megawatts evaluated could be counted as dependable capacity.
For comparison, PJM’s preliminary technology-class ratings for the same period recognize 96% of nuclear capacity, 93% of diesel utility or engine-based backup capacity and 67% of gas combustion turbine capacity. The assessment provides an important benchmark for customers evaluating the dependability of FuelCell Energy’s systems.
However, the rating applies specifically to the system evaluated for the 2028/2029 procurement process. It is not a technology-wide rating or a measure of operating uptime, and future assessments could differ.
Rising Data Center Demand Boosts Need for On-Site PowerGrowing electricity consumption from data centers is increasing pressure on power infrastructure and strengthening the need for dependable generation. PJM projects 32 gigawatts of peak load growth across its region between 2024 and 2030, with approximately 30 gigawatts expected to come from data centers.
Against this backdrop, large electricity users are increasingly considering generation solutions that can deliver power directly where it is needed. FuelCell Energy’s carbonate fuel cell technology provides continuous, on-site electricity generation, potentially helping data centers, industrial facilities and other large customers address their power requirements.
The company's latest capacity assessment could provide customers with an additional independent measure when evaluating on-site generation options.
Capacity Accreditation Could Support Market OpportunitiesThe strong accreditation also carries potential economic implications for FuelCell Energy and eligible projects using its systems within PJM. The grid operator uses ELCC assessments to evaluate the reliability contribution of power resources and convert installed capacity into accredited capacity.
A higher accredited capacity level may allow eligible projects to offer more capacity into PJM's capacity market, potentially increasing their revenue opportunities. However, actual participation and financial benefits remain subject to market requirements, procurement decisions and auction outcomes.
Future participation in the Reliability Backstop Procurement process would also depend on the applicable evaluation procedures. Following federal regulatory approval and delayed implementation of the procurement process, updated accreditation could be required using revised assumptions and study inputs.
FuelCell Energy emphasized that customers need to understand how much power they can depend on as they determine where and how quickly to expand. He noted that the assessment offers an independent measure of the platform's dependability and could have economic significance because accredited capacity influences the amount of generation that can potentially be monetized.
FuelCell Energy Targets Mission-Critical Power NeedsFuelCell Energy develops modular fuel cell systems designed to provide continuous, scalable baseload electricity for mission-critical applications. Its systems generate power at the point of use and serve data centers, industrial facilities, utilities and distributed-generation customers.
The 99.873% assessment result strengthens the company's case for consideration by customers seeking reliable on-site power amid rising electricity demand. It also highlights a potential avenue for eligible projects to participate in PJM's capacity market.
Nevertheless, the ultimate commercial benefit will depend on project eligibility, future accreditation assessments and applicable market outcomes. The latest result offers a positive reliability signal as FuelCell Energy seeks to address growing demand for dependable power solutions.
FCEL’s Zacks Rank & Key PicksFuelCell Energy is a clean energy company that develops and provides stationary fuel cell systems for on-site, continuous power generation. Currently, FCEL carries a Zacks Rank #3 (Hold).
Investors interested in the alternative energy sector may consider some top-ranked stocks like Montauk Renewables, Inc. (MNTK - Free Report) , Clearway Energy, Inc. (CWEN - Free Report) and Enlight Renewable Energy Ltd (ENLT - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Montauk Renewables is a fully integrated renewable energy company that specializes in the management, recovery and conversion of biogas into renewable energy. The Zacks Consensus Estimate for MNTK’s 2026 earnings indicates 1100% year-over-year growth.
Clearway Energy, along with its subsidiaries, owns and operates a diversified portfolio of contracted renewable and conventional generation in the United States. The Zacks Consensus Estimate for CWEN’s 2026 revenues indicates 17.6% year-over-year growth.
Enlight Renewable Energy provides a renewable energy platform that develops, finances, constructs, owns and operates renewable energy projects. The Zacks Consensus Estimate for ENLT’s 2026 revenues indicates 40.2% year-over-year growth.
, /PRNewswire/ -- National trial law firm Hagens Berman alerts investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a securities class action has been filed, and reminds investors that they have until November 10, 2026, to seek appointment as lead plaintiff.
If you purchased or acquired FuelCell securities during the Class Period and suffered significant financial losses, submit your losses now.
Key Details
Class Period: June 24, 2026 – Sept. 1, 2026
Lead Plaintiff Deadline: Nov. 10, 2026
Visit: www.hbsslaw.com/fcel
Direct Contact Email: [email protected]
Firm Telephone: 844-916-0895
Video: https://youtu.be/GlhunVARgjo
What is the FuelCell Securities Class Action About?
The lawsuit focuses on whether FuelCell Energy and certain top executives—including CEO Jason B. Few and CFO Michael S. Bishop—violated the Securities Exchange Act of 1934 by making materially false and misleading statements regarding the company's manufacturing capacity, production economics, and a major commercial agreement.
Specifically, the action alleges that throughout the Class Period, defendants touted a high-profile Capital Equipment Purchase Agreement (CEPA) announced on June 24, 2026, under which FuelCell agreed to supply carbonate fuel cell block systems for up to 380 megawatts (MW) of clean, baseload on-site power for data centers to Fit Energy USA LP (beginning with an initial 30 MW phase). Concurrently, FuelCell capitalized on the market enthusiasm by completing a massive underwritten public offering of over 12 million shares of common stock at $21 per share, raising roughly $245.5 million in net proceeds.
However, the complaint alleges that defendants failed to disclose critical operational realities to investors:
That FuelCell's actual manufacturing capacity was wholly inadequate to generate the production rates required under the Fit Energy CEPA;
That the lagging production volume meant product costs and manufacturing overhead heavily exceeded the contractual pricing, locking the company into severe gross losses; and
That the company was tracking multi-million-dollar charges and inventory commitments tied to Phase 0 of the agreement that would decimate its quarterly profitability.
The truth emerged before the market opened on September 2, 2026, when FuelCell reported its fiscal third-quarter 2026 financial results. The company revealed a staggering net loss of $45.3 million and a massive jump in gross losses—driven by $17 million in charges recorded for Phase 0 of the Fit Energy CEPA because current product costs and overhead exceeded contract pricing.
Following these disclosures, the price of FuelCell stock plummeted nearly 16% in a single trading session, severely damaging shareholders.
What Can FuelCell Investors Do?
If you purchased FCEL securities between June 24, 2026, and September 1, 2026, you may be eligible to participate in the lawsuit as a lead plaintiff.
The Private Securities Litigation Reform Act of 1995 permits any investor who suffered financial losses to seek appointment as lead plaintiff. You do not need to sell your shares to join the class action.
Click Here To Submit Your Losses
Click Here to Discuss Your Legal Rights: Contact Hagens Berman attorneys to learn more about the case, the lead plaintiff timeline, and your options.
"We're focused on whether FuelCell may have misled investors about its manufacturing capabilities, as the suit alleges," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation of the claims in the pending suit.
Whistleblowers: Persons with non-public information regarding FuelCell should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In FuelCell To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in FuelCell between June 24, 2026 and September 1, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - October 23, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL) and reminds investors of the November 10, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA; (2) that, as a result, the Company's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) that, as a result, the Company was incurring higher product costs and manufacturing overhead expenses; (4) that, as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA; (5) that the foregoing was a known trend affecting the Company's profitability; and (6) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On September 2, 2026, before the market opened, FuelCell reported its fiscal third quarter 2026 financial results, reporting a net loss of $45.3 million. According to the Company's press release, this reflected "a higher gross loss than the prior year period," which was caused by "product costs and manufacturing overhead that currently exceed the contractual pricing established under the CEPA with Fit Energy." Further, FuelCell reported that the annualized production rate was "below the production volume at which we expect our cost structure to align with market-based pricing for orders of this scale," and as a result, the Company recorded a $17 million charge to "reflect the impact of contractual pricing provisions associated with specific inventory and firm purchase commitments" arising from Phase 0 of the CEPA.
On this news, FuelCell shares fell $2.68, or 15.69%, to close at $14.40 per share on September 2, 2026, thereby injuring investors.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding FuelCell's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the FuelCell Energy class action, go to www.faruqilaw.com/FCEL or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the FuelCell Securities Class Action Lawsuit:
What is the FuelCell securities fraud lawsuit about?
The lawsuit alleges FuelCell Energy misled investors about its manufacturing capacity, production rates, costs, and financial risks associated with its CEPA with Fit Energy.
Who may be eligible to participate in the lawsuit?
Investors who purchased or acquired FuelCell Energy (NASDAQ: FCEL) securities between June 24, 2026 and September 1, 2026 may be eligible if they suffered losses.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by November 10, 2026. Investors may participate without serving as lead plaintiff.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased FuelCell securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320182
Source: Faruqi & Faruqi LLP
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New York, New York--(Newsfile Corp. - October 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the "Class Period"), of the important November 10, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA"); (2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell's profitability; and (6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320402
Source: The Rosen Law Firm PA
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San Francisco, California--(Newsfile Corp. - October 22, 2026) - National trial law firm Hagens Berman alerts investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a securities class action has been filed, and reminds investors that they have until November 10, 2026, to seek appointment as lead plaintiff.
If you purchased or acquired FuelCell securities during the Class Period and suffered significant financial losses, submit your losses now.
Key Details
Class Period: June 24, 2026 – Sept. 1, 2026 Lead Plaintiff Deadline: Nov. 10, 2026 Visit: www.hbsslaw.com/fcel Direct Contact Email: [email protected] Firm Telephone: 844-916-0895Video:Cannot view this video? Visit:
https://www.youtube.com/watch?v=GlhunVARgjo
What is the FuelCell Securities Class Action About?
The lawsuit focuses on whether FuelCell Energy and certain top executives—including CEO Jason B. Few and CFO Michael S. Bishop—violated the Securities Exchange Act of 1934 by making materially false and misleading statements regarding the company's manufacturing capacity, production economics, and a major commercial agreement.
Specifically, the action alleges that throughout the Class Period, defendants touted a high-profile Capital Equipment Purchase Agreement (CEPA) announced on June 24, 2026, under which FuelCell agreed to supply carbonate fuel cell block systems for up to 380 megawatts (MW) of clean, baseload on-site power for data centers to Fit Energy USA LP (beginning with an initial 30 MW phase). Concurrently, FuelCell capitalized on the market enthusiasm by completing a massive underwritten public offering of over 12 million shares of common stock at $21 per share, raising roughly $245.5 million in net proceeds.
However, the complaint alleges that defendants failed to disclose critical operational realities to investors:
That FuelCell's actual manufacturing capacity was wholly inadequate to generate the production rates required under the Fit Energy CEPA; That the lagging production volume meant product costs and manufacturing overhead heavily exceeded the contractual pricing, locking the company into severe gross losses; and That the company was tracking multi-million-dollar charges and inventory commitments tied to Phase 0 of the agreement that would decimate its quarterly profitability. The truth emerged before the market opened on September 2, 2026, when FuelCell reported its fiscal third-quarter 2026 financial results. The company revealed a staggering net loss of $45.3 million and a massive jump in gross losses—driven by $17 million in charges recorded for Phase 0 of the Fit Energy CEPA because current product costs and overhead exceeded contract pricing.
Following these disclosures, the price of FuelCell stock plummeted nearly 16% in a single trading session, severely damaging shareholders.
What Can FuelCell Investors Do?
If you purchased FCEL securities between June 24, 2026, and September 1, 2026, you may be eligible to participate in the lawsuit as a lead plaintiff.
The Private Securities Litigation Reform Act of 1995 permits any investor who suffered financial losses to seek appointment as lead plaintiff. You do not need to sell your shares to join the class action.
Click Here To Submit Your Losses Click Here to Discuss Your Legal Rights: Contact Hagens Berman attorneys to learn more about the case, the lead plaintiff timeline, and your options."We're focused on whether FuelCell may have misled investors about its manufacturing capabilities, as the suit alleges," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation of the claims in the pending suit.
Whistleblowers: Persons with non-public information regarding FuelCell should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
# # #
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320485
Source: Hagens Berman Sobol Shapiro LLP
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Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the "Class Period"), of the important November 10, 2026 lead plaintiff deadline.
So what: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA"); (2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell's profitability; and (6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
Power stocks that rallied on the AI data center trade are reversing, and the selling is landing hardest on the fuel cell makers most exposed to that expansion. Bloom Energy (NYSE:BE) stock leads the retreat as caution builds ahead of…
Power stocks that rallied on the AI data center trade are reversing, and the selling is landing hardest on the fuel cell makers most exposed to that expansion. Bloom Energy (NYSE:BE) stock leads the retreat as caution builds ahead of its third-quarter 2026 report. In afternoon trading, Bloom Energy stock is trading at $218.09, down 9% and giving back the gain it posted on October 21.
Meanwhile, shares of FuelCell Energy (NASDAQ:FCEL) are at $12.36, down 6%, a decline that trails the slide in Bloom Energy stock yet still outpaces the hydrogen sector’s broader drop. Plug Power (NASDAQ:PLUG) stock is trading at $1.37, down 3%, a far softer loss than Bloom Energy stock or FuelCell stock is taking. How far each company leans on data center demand maps closely onto the size of its drop.
The Global X Hydrogen ETF (NASDAQ:HYDR) is down 4%, sitting between the drops in FuelCell stock and Plug Power stock. The selling is far smaller for the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which is down 1%. That spread shows the hydrogen and fuel cell corner absorbing a much heavier dose of pressure than the broad market.
Bloom Energy Gives Back Its Power Bottleneck Rally Bloom Energy stock closed sharply higher on October 21 after comments from technology leaders that power has become a major constraint for AI data centers lifted power stocks. Coming on top of a large run this year, that move leaves the company entering its third-quarter report with expectations already elevated, and a stretched setup like that leaves little cushion if the numbers fall short of the optimism built into Bloom Energy stock.
Technology stocks are falling broadly, led by chipmakers, and that weakness is bleeding into the power names tied to AI spending. Chip demand and data center electricity needs stem from the same expansion, so a selloff in semiconductors can pressure Bloom Energy stock as well. Pre-report caution and a soft tech backdrop are hitting at once, which helps explain the size of the reversal in Bloom Energy stock.
Data Center Exposure Sets the Pace of Selling Bloom Energy sells fuel cell systems that data centers use for on-site power, which places it closest to the AI demand story, while FuelCell builds larger utility-scale fuel cell plants and Plug Power is weighted toward hydrogen fuel and equipment for warehouse and industrial users. Those business lines track the order of the declines almost exactly, with the most data center heavy model taking the deepest hit.
For Bloom Energy, the bull case is direct exposure to data center demand, the force behind its large run this year, but that same concentration magnifies selling when AI sentiment cools off. For FuelCell, a data center-heavy pipeline faces a recent earnings miss; for Plug Power, narrowing losses face weaker AI ties.
Bloom Energy’s Earnings Test Sets the Next Move Bloom Energy’s third-quarter report will show whether its margins are keeping pace with data center demand. Results pairing margin gains with demand strength could rebuild the momentum Bloom Energy stock carried into October 21. Any sign of margin pressure could extend the pullback, given the large run this year.
An open variable for FuelCell stock and Plug Power stock is the direction Bloom Energy’s results set for the broader hydrogen group. Chipmakers matter here too, since a rebound in semiconductors could ease pressure on the power names tied to AI spending. Firmer tech conditions could give the Global X Hydrogen ETF room to recover alongside its holdings.
One report now carries the near-term direction for Bloom Energy, FuelCell and Plug Power shares alike. Volatility like this can cut both ways once the numbers land. Keeping one’s exposure smaller could make sense until Bloom Energy’s earnings report is released.
Contact [email protected] for any questions or corrections.
NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds FuelCell Energy, Inc. (“FuelCell” or the “Company”) (NASDAQ: FCEL) of the November 10, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.
Should You Join The FuelCell Class Action Lawsuit:
Do you, or did you, own shares of FuelCell Energy, Inc. (NASDAQ: FCEL)?Did you purchase your shares between June 24, 2026 and September 1, 2026, inclusive?Did you lose money in your investment in FuelCell Energy, Inc.? What To Do Next:
Investors are encouraged to act promptly and submit a form at FuelCell Energy, Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].
If you wish to serve as lead plaintiff for the Class, you must file papers by November 10, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About The Lawsuit:
A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired the securities of FuelCell Energy, Inc. (“FuelCell” or the “Company”) (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.
The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, FuelCell securities traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.
About Bernstein Liebhard:
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses in FuelCell to Contact Him Directly to Discuss Their Options New York, New York--(Newsfile Corp. - October 22, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors of the November 10, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL). [You may also click here for additional information] WHY: Faruqi & Faruqi, LLP, a leading national securities law firm, informs investors of the federal securities class action on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired FuelCell securities between June 24, 2026 and September 1, 2026, inclusive (the "Class Period").
NEW YORK, Oct. 22, 2026 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.
Alert: FuelCell Energy shares fell $2.68, or 15.69%, in a single session on unusually heavy volume after the Company disclosed a $17.0 million charge tied to its Fit Energy agreement, and the class action alleges the underlying production shortfall was not disclosed to investors. NEW YORK, Oct. 22, 2026 /PRNewswire/ -- SueWallSt reminds purchasers of FuelCell Energy, Inc. (NASDAQ: FCEL) securities that a securities class action is pending on behalf of shareholders who acquired shares between June 24, 2026 and September 1, 2026.
New York, New York--(Newsfile Corp. - October 21, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the "Class Period"), of the important November 10, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA"); (2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell's profitability; and (6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320224
Source: The Rosen Law Firm PA
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Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In FuelCell (FCEL) To Contact Him Directly To Discuss Their Options
If you purchased or acquired FuelCell securities between June 24, 2026 and September 1, 2026 and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.
Click here to participate in the action.
NEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) --
What’s Happening:
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against FuelCell Energy, Inc. (“FuelCell” or the “Company”) (NASDAQ:FCEL) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired FuelCell securities between June 24, 2026 and September 1, 2026, both dates inclusive (the “Class Period”). Investors have until November 10, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Allegation Details:
The lawsuit alleges that Defendants made false and misleading statements and/or failed to disclose material adverse facts including allegations that: (1) FuelCell’s manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement (“CEPA”); (2) as a result, FuelCell’s annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell’s profitability; and (6) as a result of the foregoing, Defendants’ positive statements about FuelCell’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Next Steps:
If you purchased or otherwise acquired FuelCell shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
Suit alleges FuelCell Energy, Inc. failed to disclose key facts to investors from June 24, 2026 through September 1, 2026; lead plaintiff deadline is November 10, 2026
, /PRNewswire/ -- The Law Offices of Howard G. Smith today reported that a securities class action lawsuit is pending against FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL) on behalf of investors who acquired its securities from June 24, 2026 through September 1, 2026. The FuelCell Energy, Inc. case, Nguyen v. FuelCell Energy, Inc. et al., was filed on September 11, 2026 in the U.S. District Court for the Southern District of New York (Case No. 26-cv-07953).
Investors with losses on FuelCell Energy, Inc. securities can contact the Law Offices of Howard G. Smith about the FuelCell Energy, Inc. lawsuit before the November 10, 2026 lead plaintiff deadline.
Key deadlines and dates for FuelCell Energy, Inc. investors
Lead plaintiff deadline: November 10, 2026
Class period: June 24, 2026 through September 1, 2026
Complaint filed: September 11, 2026
What happened?
On September 2, 2026, FuelCell reported its fiscal third-quarter results. The Company reported, among other things, that revenue fell 29% year over year to $33 million, primarily due to lower product sales caused by fewer module deliveries to customers in South Korea. FuelCell further reported it saw a gross loss from product revenues for the quarter reflecting that product costs and manufacturing overhead currently exceeded the contractual pricing established under the Fit Energy agreement. FuelCell recognized approximately $17 million in charges related to the initial 30 MW phase of that agreement.
On this news, FuelCell shares fell $2.68 or 15.69% to close at $14.40 on September 2, 2026, thereby injuring investors.
What is the FuelCell Energy, Inc. lawsuit about?
The FuelCell Energy, Inc. securities lawsuit alleges that, between June 24, 2026 and September 1, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about FuelCell Energy, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA; (2) as a result, the Company's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, the Company was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting the Company's profitability; and (6) as a result, defendants' positive statements about FuelCell Energy, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
"The lawsuit against FuelCell Energy, Inc. alleges that, among other things, the Company failed to tell investors that the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA. FuelCell Energy, Inc. investors who bought during the class period may be able to pursue their losses, and the November 10, 2026 deadline is where that process begins," said Howard G. Smith of The Law Offices of Howard G. Smith.
Next steps for FuelCell Energy, Inc. investors
FuelCell Energy, Inc. investors who suffered losses may contact The Law Offices of Howard G. Smith to learn about pursuing their claims.
Lead plaintiff motions in the FuelCell Energy, Inc. class action are due to the Court by November 10, 2026. For more information, visit the firm's website, email [email protected], or call (215) 638-4847.
If you purchased FuelCell Energy, Inc. securities during the class period, you may retain counsel of your choice, or you may take no action and remain an absent class member. No class has been certified in the FuelCell Energy, Inc. case so far.
Common questions from FuelCell Energy, Inc. investors
Who is eligible? Investors who acquired FuelCell Energy, Inc. securities from June 24, 2026 through September 1, 2026 and suffered losses may qualify for the class in the FuelCell Energy, Inc. shareholder lawsuit.
What is the deadline? Lead plaintiff motions in the FuelCell Energy, Inc. case are due by November 10, 2026.
Can I recover without being lead plaintiff? Yes, FuelCell Energy, Inc. investors may take no action and remain absent class members.
Does it cost anything? The Law Offices of Howard G. Smith works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.
About The Law Offices of Howard G. Smith
The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question.
Prior results do not guarantee a similar outcome.
Related links
FuelCell Energy, Inc. case page, The Law Offices of Howard G. Smith
Complaint: Nguyen v. FuelCell Energy, Inc. et al., U.S. District Court for the Southern District of New York
press release
FuelCell Energy, Inc. SEC filings index, EDGAR
The Law Offices of Howard G. Smith
Contact
Howard G. Smith
The Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, PA 19020
Email: [email protected]
Telephone: (215) 638-4847
www.howardsmithlaw.com
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Institutional holders of FuelCell Energy are being notified that a securities class action alleges the Company did not disclose that its manufacturing capacity was inadequate to produce at the rate required under its Fit Energy purchase agreement, leaving per-unit product costs above contractual pricing.
, /PRNewswire/ -- Levi & Korsinsky, LLP notifies institutional investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between June 24, 2026 and September 1, 2026. Request an institutional investor loss assessment. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
FCEL shares declined 15.69%, or $2.68 per share, in a single session on September 2, 2026, on unusually heavy trading volume. For a fund holding 500,000 shares, that one-day repricing corresponds to roughly $1.34 million of position value. Those wishing to serve as lead plaintiff must act by November 10, 2026.
Notice to Institutional Holders
The pleading asserts that FuelCell's public statements during the Class Period did not disclose that its manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement with Fit Energy USA LP. As averred, the resulting shortfall drove higher product costs and manufacturing overhead and made contract-related charges reasonably likely, conditions the complaint charges were a known trend affecting profitability.
ERISA and Fiduciary Considerations
Pension plans, endowments, and asset managers that accumulated FCEL positions during the Class Period may wish to document the effect of the alleged misstatements on their holdings. Fiduciaries frequently treat evaluation of securities litigation claims as part of ordinary plan asset administration rather than as discretionary litigation activity.
Fiduciary Obligations and Recovery Options
Funds that purchased FCEL between June 24, 2026 and September 1, 2026 may hold claims regardless of whether the shares are still held. ERISA and public pension fiduciaries are generally expected to identify, document, and assess portfolio losses arising from alleged securities violations. Lead plaintiff appointment provides direct oversight of counsel selection, litigation strategy, and settlement decisions. Courts typically favor the movant with the largest documented financial interest that also satisfies adequacy and typicality requirements. Absent class members retain the ability to participate in any eventual recovery without seeking appointment. A loss assessment can be prepared from trade blotters or custodian records at no cost to the institution. "Institutional investors play a critical role in securities class actions, particularly where the alleged omissions concern production capacity and cost absorption that sophisticated holders price directly into their models. The allegations here concern information that a fiduciary would ordinarily consider material to a FuelCell position." -- Joseph E. Levi, Esq.
Contact us to learn more about institutional recovery options or call (212) 363-7500.
INSTITUTIONAL INVESTOR REPRESENTATION — Levi & Korsinsky, LLP provides sophisticated counsel to institutional investors evaluating lead plaintiff opportunities. The firm has recovered hundreds of millions of dollars. Ranked among ISS Top 50 for seven consecutive years.
Frequently Asked Questions About the FCEL Lawsuit
Q: When did FuelCell Energy allegedly mislead investors? A: The Class Period runs from June 24, 2026 to September 1, 2026. The complaint alleges that corrective disclosures revealed information that caused a significant stock decline.
Q: What court was the FCEL class action filed in? A: The case was filed in the United States District Court for the Southern District of New York, governed by the Private Securities Litigation Reform Act of 1995.
Q: Who are the defendants named in the FCEL lawsuit? A: The complaint names FuelCell Energy, Inc. and individual defendants including senior executives, CEO Jason B. Few and CFO Michael S. Bishop.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What do FCEL investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.
Q: What if I already sold my FCEL shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.
CONTACT:\
Levi & Korsinsky, LLP\
Joseph E. Levi, Esq.\
Ed Korsinsky, Esq.\
33 Whitehall Street, 27th Floor\
New York, NY 10004\
[email protected]\
Tel: (212) 363-7500\
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
Elon Musk just named the real bottleneck choking AI expansion, and one fuel cell stock surged 7% before its earnings report while two rivals barely stirred. The split inside the sector reveals exactly which company sits closest to where the…
Power has become the scarcest input in the AI expansion, and money in the fuel cell group is flowing to the supplier most directly wired into data center demand. Bloom Energy (NYSE:BE) stock is at $237.27, up 7% in morning trading, a move that shows buyers lining up for proof of that demand before the company reports its third-quarter 2026 results.
Meanwhile, FuelCell Energy (NASDAQ:FCEL) stock is at $12.60, up 2%, a gain that trails the advance in Bloom Energy stock by a wide margin. Plug Power (NASDAQ:PLUG) stock trades at $1.40, down 0.4%, a slip that runs against the gains elsewhere in the group. This split suggests that buyers are sorting the fuel cell group by how directly each company sells power into AI data centers.
Hydrogen-linked stocks as a group are beating the benchmark, though by a far smaller spread than Bloom Energy stock alone. The Global X Hydrogen ETF (NASDAQ:HYDR) is at $37.77, up 2%, with Bloom Energy, FuelCell and Plug Power among its holdings. For a broad-market comparison, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is at $772.61, up 0.46%.
Musk Puts Power at the Center of the AI Race SpaceX (NASDAQ:SPCX | SPCX Price Prediction) founder Elon Musk framed the issue simply on the company’s earnings call after the prior session’s close: “As I think people are starting to realize, the constraint on deployment of superintelligence is more in power and cooling and infrastructure than it is in chips.” He described power, cooling and electrical equipment as “somewhat of a limiting factor” for SpaceX’s compute expansion. Musk added that the company plans to “aim for an incremental 20 gigawatts of power cooling infrastructure next year” so power doesn’t constrain its build-out.
Bloom Energy sells fuel cell systems that generate electricity on site at data centers, so Musk’s comment speaks directly to its market. The company’s solid oxide Energy Servers run on natural gas, biogas or hydrogen, and all major U.S. hyperscalers, along with neoclouds, AI labs and colocation operators, have validated its power solutions (we covered seven suppliers wired into this same data center expansion, from power to cooling, in a free report you can grab here).
Why FuelCell and Plug Power Trail Bloom’s Rally FuelCell builds utility-scale fuel cell platforms that earn revenue as modules are ordered, which ties its results to the timing of large project awards. Carbonate systems from FuelCell can run behind the meter or inside microgrids without combustion, keeping the company in the data center conversation.
Plug Power’s business is weighted toward hydrogen fuel and material-handling equipment, a separate market from stationary power for computing loads. GenDrive fuel cell systems from Plug Power run material-handling vehicles across warehouse sites, a steady segment that sits apart from data center demand.
Upside for Bloom Energy is clearest if data center orders keep converting into shipments from its U.S. factories. Rallies into an earnings release leave less room for error, and any sign of delayed customer projects or slower conversion could test the momentum in Bloom Energy shares.
Bloom Energy’s Q3 Report Sets Up the Next Move Bloom Energy’s third-quarter report, expected October 22 after the close, will show whether data center demand is turning into revenue. Management’s commentary on order timing and manufacturing capacity could matter as much as the headline revenue and earnings numbers.
FuelCell’s open variable is the pace of data center module orders, which drives its revenue. Plug Power depends on its hydrogen and material-handling business, outside the AI power story lifting Bloom Energy shares. Investors should size their positions carefully, given Bloom Energy stock’s run-up into earnings.
Contact [email protected] for any questions or corrections.
NEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against FuelCell Energy, Inc. (NASDAQ: FCEL) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired FuelCell securities between June 24, 2026 and September 1, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/fuelcell-energy-inc-fcel-class_action_lawsuit.
FuelCell Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that:
(1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA");
(2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected;
(3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses;
(4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA;
(5) the foregoing was a known trend affecting FuelCell's profitability; and
(6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
What's Next for FuelCell Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/fuelcell-energy-inc-fcel-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in FuelCell you have until November 10, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to FuelCell Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for FuelCell Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- National trial law firm Hagens Berman alerts investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a securities class action has been filed, and reminds investors that they have until November 10, 2026, to seek appointment as lead plaintiff.
If you purchased or acquired FuelCell securities during the Class Period and suffered significant financial losses, submit your losses now.
Key Details
Class Period: June 24, 2026 – Sept. 1, 2026 Lead Plaintiff Deadline: Nov. 10, 2026 Visit: www.hbsslaw.com/fcel Direct Contact Email: [email protected] Firm Telephone: 844-916-0895 Video: https://youtu.be/GlhunVARgjo What is the FuelCell Securities Class Action About?
The lawsuit focuses on whether FuelCell Energy and certain top executives—including CEO Jason B. Few and CFO Michael S. Bishop—violated the Securities Exchange Act of 1934 by making materially false and misleading statements regarding the company's manufacturing capacity, production economics, and a major commercial agreement.
Specifically, the action alleges that throughout the Class Period, defendants touted a high-profile Capital Equipment Purchase Agreement (CEPA) announced on June 24, 2026, under which FuelCell agreed to supply carbonate fuel cell block systems for up to 380 megawatts (MW) of clean, baseload on-site power for data centers to Fit Energy USA LP (beginning with an initial 30 MW phase). Concurrently, FuelCell capitalized on the market enthusiasm by completing a massive underwritten public offering of over 12 million shares of common stock at $21 per share, raising roughly $245.5 million in net proceeds.
However, the complaint alleges that defendants failed to disclose critical operational realities to investors:
That FuelCell's actual manufacturing capacity was wholly inadequate to generate the production rates required under the Fit Energy CEPA; That the lagging production volume meant product costs and manufacturing overhead heavily exceeded the contractual pricing, locking the company into severe gross losses; and That the company was tracking multi-million-dollar charges and inventory commitments tied to Phase 0 of the agreement that would decimate its quarterly profitability. The truth emerged before the market opened on September 2, 2026, when FuelCell reported its fiscal third-quarter 2026 financial results. The company revealed a staggering net loss of $45.3 million and a massive jump in gross losses—driven by $17 million in charges recorded for Phase 0 of the Fit Energy CEPA because current product costs and overhead exceeded contract pricing.
Following these disclosures, the price of FuelCell stock plummeted nearly 16% in a single trading session, severely damaging shareholders.
What Can FuelCell Investors Do?
If you purchased FCEL securities between June 24, 2026, and September 1, 2026, you may be eligible to participate in the lawsuit as a lead plaintiff.
The Private Securities Litigation Reform Act of 1995 permits any investor who suffered financial losses to seek appointment as lead plaintiff. You do not need to sell your shares to join the class action.
Click Here To Submit Your Losses Click Here to Discuss Your Legal Rights: Contact Hagens Berman attorneys to learn more about the case, the lead plaintiff timeline, and your options. "We're focused on whether FuelCell may have misled investors about its manufacturing capabilities, as the suit alleges," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation of the claims in the pending suit.
Whistleblowers: Persons with non-public information regarding FuelCell should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
PJM assessment recognizes nearly all of FuelCell Energy’s installed capacity as dependable, an important proof point for reliability and potential capacity-market economics. | Source: FuelCell Energy, Inc.
DANBURY, Conn., Oct. 21, 2026 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) announced that its FuelCell Energy Block System received a 99.873% rating in PJM Interconnection’s unit-specific Effective Load Carrying Capability (ELCC) assessment conducted as part of PJM’s 2028/29 Reliability Backstop Procurement (RBP) process. The result indicates that PJM may recognize nearly all of FuelCell Energy’s evaluated system’s capacity as dependable, providing an important measure of reliability for customers evaluating on-site power and informing potential participation in PJM’s capacity market.
Rapid data center growth is driving electricity demand and sharpening the focus on how large loads secure power. PJM projects 32 GW of peak load growth across its region from 2024 to 2030, with approximately 30 GW expected to come from data centers.1 As demand rises, large power users are increasingly considering generation that can provide dependable power where it is needed.
As communities hosting this growth place greater importance on how new electricity demand is met, FuelCell Energy’s carbonate fuel cell technology offers continuous, on-site generation that allows customers to locate power directly at the point of demand.
In practical terms, the 99.873% rating2 means PJM may count nearly 99.9 MW of every 100 MW evaluated as dependable capacity under the applicable assessment.
For context, preliminary PJM class ratings for the same 2028/2029 period recognize 96% of nuclear capacity, 93% of diesel utility/engine-based backup capacity and 67% of gas combustion turbine capacity.3
PJM’s unit specific assessment accredited 99.873% of the evaluated FuelCell Energy system’s capacity. PJM’s published technology class ratings provide a clear benchmark for the strength of that result. Following the Federal Energy Regulatory Commission's approval and delayed implementation of the Reliability Backstop Procurement (RBP), any future participation would be subject to PJM's applicable evaluation processes and could require updated accreditation using revised assumptions and study inputs for the final procurement timeline.
That reliability can have economic implications as well. For eligible projects in PJM, the amount of installed capacity recognized as dependable may affect the amount of capacity available for capacity-market participation and potential value, subject to applicable market requirements and auction or procurement outcomes.
“Customers aren’t simply looking for more megawatts. They need to understand how much power they can count on as they make decisions about where and how quickly they can grow,” said FuelCell Energy President & CEO Jason Few. “Our technology is designed to provide continuous, on-site distributed generation. This unit-specific assessment gives customers another independent measure of the dependability of our platform. It also has important economic implications: in PJM’s capacity market, the amount of installed capacity recognized as dependable directly influences the capacity a resource can potentially monetize. We believe a 99.873% accreditation highlights the potential for our platform to deliver not only highly dependable power, but attractive capital productivity for utilities and independent power producers deploying generation in PJM.”
Power That Counts
In addition to providing an independent measure of the evaluated system’s potential reliability contribution, capacity accreditation can have economic significance within PJM because it determines how much installed capacity is recognized as accredited capacity.
PJM uses ELCC to assess the reliability contribution of power resources and convert installed capacity (ICAP) into accredited capacity (UCAP). For eligible projects, higher accredited capacity may increase the amount of capacity available for capacity-market participation and potential value, subject to applicable market requirements and procurement or auction outcomes.
The 99.873% value is specific to the system evaluated for the 2028/2029 RBP process. It is not a FuelCell Energy technology-class rating or a measure of operating uptime, and future assessments may differ.
FuelCell Energy, Inc. (NASDAQ: FCEL) is an American clean energy technology company delivering continuous, scalable baseload power for mission-critical applications globally. The company’s fuel cell systems generate electricity directly at the point of use, enabling reliable, low-emissions power for data centers, industrial facilities, utilities, and distributed generation customers. FuelCell Energy delivers commercially proven, modular, utility-scale systems—backed by global fuel cell deployments approaching one gigawatt. Learn more at www.FuelCellEnergy.com.
1 PJM Interconnection, “PJM Board Fast-Tracks Effort to Reliably Serve Large Loads,” PJM Inside Lines.
2 The 99.873% value is specific to the system evaluated for the 2028/2029 RBP process. It is not a FuelCell Energy technology-class rating or a measure of operating uptime, and future assessments may differ.
3 Preliminary ELCC Class Ratings for Use in the Reliability Procurement Backstop (RBP)
New York, New York--(Newsfile Corp. - October 21, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL) on behalf of investors that purchased or otherwise acquired FuelCell securities between June 24, 2026 and September 1, 2026 (the "Class Period"). CLICK HERE TO JOIN THE CASE If you are an investor in FuelCell and have suffered losses, you may CLICK HERE to contact us.
New York, New York--(Newsfile Corp. - October 20, 2026) - The law firm of Kirby McInerney LLP reminds FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL) investors who acquired FuelCell securities between June 24, 2026 and September 1, 2026 ("the Class Period") of the November 10, 2026 deadline to seek lead plaintiff appointment in the pending class action lawsuit.
Investors are encouraged to contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below to discuss your rights or interests in the securities fraud class action lawsuit at no cost.
[CONTACT THE FIRM IF YOU SUFFERED A LOSS]
What Is The Lawsuit About?
The lawsuit alleges that FuelCell made false and/or misleading statements and failed to disclose to investors that: (i) the Company's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement (CEPA) with Fit Energy USA LP for up to 380 MW of fuel cell power for data centers; (ii) the Company's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (iii) as a result, the Company was incurring higher product costs and manufacturing overhead expenses; (iv) as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA; and (v) the foregoing was a known trend affecting the Company's profitability.
On September 2, 2026, FuelCell announced its third quarter 2026 financial results, reporting a net loss of $45.3 million. The Company stated that this reflected "a higher gross loss than the prior year period," caused by "product costs and manufacturing overhead that currently exceed the contractual pricing established under the CEPA with Fit Energy." Additionally, FuelCell stated that the annualized production rate was "below the production volume at which we expect our cost structure to align with market-based pricing for orders of this scale," and charges totaling $17 million were incurred, reflecting "the impact of contractual pricing provisions with specific inventory and purchase commitments arising as a result of Phase 0 of the CEPA." On this news, the price of FuelCell shares declined by $2.68 per share, or approximately 15.69%, from $17.08 per share on September 1, 2026 to close at $14.40 on September 2, 2026.
[CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION]
What Should I Do?
Courts do not consider applications filed after the lead plaintiff deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions. Learn more about the lead plaintiff process and eligibility requirements here.
If you purchased or otherwise acquired FuelCell securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form above, to discuss your rights or interests with respect to these matters at no cost.
[WHAT SHOULD I KNOW ABOUT SECURITIES CLASS ACTIONS?]
Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found on Kirby McInerney LLP's website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319889
Source: Kirby McInerney LLP
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Lead plaintiff deadlines are approaching in securities class actions filed on behalf of investors in Honeywell Aerospace, Inc., FuelCell Energy, Inc., Doximity, Inc., and Better Home & Finance Holding Company
| Source:
Law Offices of Howard G. Smith
BENSALEM, Pa., Oct. 20, 2026 (GLOBE NEWSWIRE) -- The Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly traded companies: Honeywell Aerospace, Inc., FuelCell Energy, Inc., Doximity, Inc., and Better Home & Finance Holding Company. Investors have until the deadlines listed below to file a lead plaintiff motion.
Investors suffering losses on their investments are urged to contact The Law Offices of Howard G. Smith about these class actions to discuss their legal rights, at (215) 638-4847 or by email to [email protected].
Honeywell Aerospace, Inc. (NASDAQ: HONA)
Class period: June 29, 2026 to September 1, 2026Lead plaintiff deadline: November 23, 2026Case: Green v. Honeywell Aerospace, Inc., et al., filed in the U.S. District Court for the District of Arizona
The Honeywell Aerospace, Inc. complaint alleges that throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (i) a small percentage of the Company’s suppliers had a “disproportionate impact” on sales; (ii) those suppliers were suffering supply constraints; (iii) the foregoing was reasonably likely to have a material unfavorable impact on sales and profitability; and (iv) the Company was under investigation for potential violations of the False Claims Act for failing to comply with cybersecurity requirements for government contracts.
FuelCell Energy, Inc. (NASDAQ: FCEL)
Class period: June 24, 2026 to September 1, 2026Lead plaintiff deadline: November 10, 2026Case: Nguyen v. FuelCell Energy, Inc. et al., filed in the U.S. District Court for the Southern District of New York
The FuelCell Energy, Inc. complaint alleges that throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s manufacturing capacity was inadequate to generate the production rate required under the CEPA; (ii) as a result, the Company’s annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (iii) as a result, the Company was incurring higher product costs and manufacturing overhead expenses; (iv) as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA; and (v) the foregoing was a known trend affecting the Company’s profitability.
Doximity, Inc. (NYSE: DOCS)
Class period: August 8, 2024 to May 13, 2026Lead plaintiff deadline: November 16, 2026Case: Michigan Laborers' Pension Fund v. Doximity Inc., et al., filed in the U.S. District Court for the Northern District of California
The Doximity, Inc. complaint alleges that throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (i) Doximity overstated the impact that its Newsfeed had on its revenue growth; (ii) the Company was losing market share to its competitors with more favorable pricing and engagement models; and (iii) the Company was using banner ads and e-newsletters instead of deep engagement tactics.
Better Home & Finance Holding Company (NASDAQ: BETR)
Class period: March 13, 2026 to May 7, 2026Lead plaintiff deadline: November 20, 2026Case: Gastwirt v. Better Home & Finance Holding Company, et al., filed in the U.S. District Court for the Southern District of New York
The Better Home & Finance Holding Company complaint alleges that throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s conversion funnel was already slowing due to macro factors; and (ii) as a result, the Company’s $1 billion monthly funded volume target was likely to be deferred.
Next steps for investors in these cases
To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. No class has been certified yet in any of these cases.
If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of The Law Offices of Howard G. Smith by telephone at (215) 638-4847, by email to [email protected], or visit the firm's website.
About The Law Offices of Howard G. Smith
The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question.
Prior results do not guarantee a similar outcome.
Contact
Howard G. Smith
The Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, PA 19020
Email: [email protected]
Telephone: (215) 638-4847
www.howardsmithlaw.com
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
NEW YORK, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against FuelCell Energy, Inc. (“FuelCell” or the “Company”) (NASDAQ: FCEL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
New York, New York--(Newsfile Corp. - October 20, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the "Class Period"), of the important November 10, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA"); (2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell's profitability; and (6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320036
Source: The Rosen Law Firm PA
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WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the “Class Period”), of the important November 10, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell’s manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement (“CEPA”); (2) as a result, FuelCell’s annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell’s profitability; and (6) as a result of the foregoing, defendants’ positive statements about FuelCell’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
, /PRNewswire/ -- National trial law firm Hagens Berman alerts investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a securities class action has been filed, and reminds investors that they have until November 10, 2026, to seek appointment as lead plaintiff.
If you purchased or acquired FuelCell securities during the Class Period and suffered significant financial losses, submit your losses now.
Key Details
Class Period: June 24, 2026 – Sept. 1, 2026
Lead Plaintiff Deadline: Nov. 10, 2026
Visit: www.hbsslaw.com/fcel
Direct Contact Email: [email protected]
Firm Telephone: 844-916-0895
Video: https://youtu.be/GlhunVARgjo
What is the FuelCell Securities Class Action About?
The lawsuit focuses on whether FuelCell Energy and certain top executives—including CEO Jason B. Few and CFO Michael S. Bishop—violated the Securities Exchange Act of 1934 by making materially false and misleading statements regarding the company's manufacturing capacity, production economics, and a major commercial agreement.
Specifically, the action alleges that throughout the Class Period, defendants touted a high-profile Capital Equipment Purchase Agreement (CEPA) announced on June 24, 2026, under which FuelCell agreed to supply carbonate fuel cell block systems for up to 380 megawatts (MW) of clean, baseload on-site power for data centers to Fit Energy USA LP (beginning with an initial 30 MW phase). Concurrently, FuelCell capitalized on the market enthusiasm by completing a massive underwritten public offering of over 12 million shares of common stock at $21 per share, raising roughly $245.5 million in net proceeds.
However, the complaint alleges that defendants failed to disclose critical operational realities to investors:
That FuelCell's actual manufacturing capacity was wholly inadequate to generate the production rates required under the Fit Energy CEPA;
That the lagging production volume meant product costs and manufacturing overhead heavily exceeded the contractual pricing, locking the company into severe gross losses; and
That the company was tracking multi-million-dollar charges and inventory commitments tied to Phase 0 of the agreement that would decimate its quarterly profitability.
The truth emerged before the market opened on September 2, 2026, when FuelCell reported its fiscal third-quarter 2026 financial results. The company revealed a staggering net loss of $45.3 million and a massive jump in gross losses—driven by $17 million in charges recorded for Phase 0 of the Fit Energy CEPA because current product costs and overhead exceeded contract pricing.
Following these disclosures, the price of FuelCell stock plummeted nearly 16% in a single trading session, severely damaging shareholders.
What Can FuelCell Investors Do?
If you purchased FCEL securities between June 24, 2026, and September 1, 2026, you may be eligible to participate in the lawsuit as a lead plaintiff.
The Private Securities Litigation Reform Act of 1995 permits any investor who suffered financial losses to seek appointment as lead plaintiff. You do not need to sell your shares to join the class action.
Click Here To Submit Your Losses
Click Here to Discuss Your Legal Rights: Contact Hagens Berman attorneys to learn more about the case, the lead plaintiff timeline, and your options.
"We're focused on whether FuelCell may have misled investors about its manufacturing capabilities, as the suit alleges," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation of the claims in the pending suit.
Whistleblowers: Persons with non-public information regarding FuelCell should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
Philadelphia, Pennsylvania--(Newsfile Corp. - October 20, 2026) - Berger Montague, a leading national plaintiffs' law firm, announces that a class action lawsuit has been filed against FuelCell Energy, Inc. (NASDAQ: FCEL) ("FuelCell Energy" or the "Company") on behalf of investors who purchased or acquired FuelCell Energy securities during the period from June 24, 2026 through September 1, 2026 (the "Class Period"). The deadline to apply for lead plaintiff is November 10, 2026.
Q&A
What is this lawsuit about?
The complaint filed in this class action alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about the Company's business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) the Company's manufacturing capacity was inadequate to generate the production rate required under its capital equipment purchase agreement ("CEPA") with Fit Energy USA LP ("Fit Energy"); (2) the Company's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) the Company was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA.
On September 2, 2026, before the market opened, FuelCell reported its fiscal third quarter 2026 financial results, reporting a net loss of $45.3 million. According to the Company's press release, this reflected a higher gross loss than the prior year period, which was caused by product costs and manufacturing overhead that currently exceed the contractual pricing established under the CEPA with Fit Energy. Further, FuelCell reported that the annualized production rate was below the production volume at which it expects its cost structure to align with market-based pricing for orders of this scale, and as a result, the Company recorded a $17 million charge to reflect the impact of contractual pricing provisions associated with specific inventory and firm purchase commitments arising from Phase 0 of the CEPA.
On this news, FuelCell shares fell $2.68, or 15.69%, to close at $14.40 per share on September 2, 2026, thereby injuring investors.
Who is FuelCell Energy?
FuelCell Energy, headquartered in Danbury, Conn., is a global energy company that designs, manufactures, undertakes project development, installs, operates, and maintains megawatt-scale fuel cell systems.
What do I need to do?
Investor Deadline: Investors who purchased or acquired FuelCell Energy securities during the Class Period may, no later than November 10, 2026, seek to be appointed as a lead plaintiff representative of the class.
If you are a FuelCell Energy investor and would like to learn more about this action, or to discuss your rights, please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015 or Caitlin Adorni at [email protected] or (267) 764-4865 or visit our website.
About Berger Montague
Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319622
Source: Berger Montague
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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In FuelCell To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in FuelCell between June 24, 2026 and September 1, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - October 20, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL) and reminds investors of the November 10, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA; (2) that, as a result, the Company's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) that, as a result, the Company was incurring higher product costs and manufacturing overhead expenses; (4) that, as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA; (5) that the foregoing was a known trend affecting the Company's profitability; and (6) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On September 2, 2026, before the market opened, FuelCell reported its fiscal third quarter 2026 financial results, reporting a net loss of $45.3 million. According to the Company's press release, this reflected "a higher gross loss than the prior year period," which was caused by "product costs and manufacturing overhead that currently exceed the contractual pricing established under the CEPA with Fit Energy." Further, FuelCell reported that the annualized production rate was "below the production volume at which we expect our cost structure to align with market-based pricing for orders of this scale," and as a result, the Company recorded a $17 million charge to "reflect the impact of contractual pricing provisions associated with specific inventory and firm purchase commitments" arising from Phase 0 of the CEPA.
On this news, FuelCell shares fell $2.68, or 15.69%, to close at $14.40 per share on September 2, 2026, thereby injuring investors.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding FuelCell's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the FuelCell Energy class action, go to www.faruqilaw.com/FCEL or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the FuelCell Securities Class Action Lawsuit:
What is the FuelCell securities fraud lawsuit about?
The lawsuit alleges FuelCell Energy misled investors about its manufacturing capacity, production rates, costs, and financial risks associated with its CEPA with Fit Energy.
Who may be eligible to participate in the lawsuit?
Investors who purchased or acquired FuelCell Energy (NASDAQ: FCEL) securities between June 24, 2026 and September 1, 2026 may be eligible if they suffered losses.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by November 10, 2026. Investors may participate without serving as lead plaintiff.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased FuelCell securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319765
Source: Faruqi & Faruqi LLP
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NEW YORK, Oct. 20, 2026 (GLOBE NEWSWIRE) -- June 24, 2026: an agreement for up to 380 MW of fuel cell power. September 2, 2026: a $17.0 million charge. SueWallSt notifies investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a class action has been filed on behalf of shareholders who purchased securities between June 24, 2026 and September 1, 2026. See if you could be eligible to recover. You may also contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.
FCEL closed at a Class Period high of $36.01 per share on June 30, 2026. On September 2, 2026, the stock fell $2.68, or 15.69%, to close at $14.40 per share on unusually heavy trading volume. Investors have until November 10, 2026 to seek lead plaintiff status.
Ten Weeks Between the Announcement and the Charge
The securities action alleges that the interval between the Fit Energy announcement and the fiscal third quarter report is where shareholder harm accumulated. During that window, as detailed in the action, the Company sold stock to the public and continued to describe its capacity expansion in positive terms while the annualized production rate for Phase 0 deliveries allegedly remained too low for costs to align with contractual pricing.
Timeline of Alleged Disclosure Failures
June 22, 2026: The Capital Equipment Purchase Agreement with Fit Energy USA LP is entered into, with payment obligations for the initial 30 MW Phase 0 effective upon execution.June 24, 2026: The agreement for up to 380 MW of data center fuel cell power is announced publicly, described as designed to align long-term value creation with successful project execution.June 30, 2026: Shares close at their Class Period high of $36.01.July 8, 2026: A prospectus supplement is filed for an underwritten offering of approximately 12.3 million shares at $21.00 per share, incorporating risk language that manufacturing facilities "may be inadequate to meet demand." The lawsuit chronicles that inadequate capacity was allegedly already constraining deliveries.September 2, 2026: Fiscal third quarter results report a net loss of $45.3 million, revenue of $33.0 million, and $17.0 million in charges tied to contractual pricing provisions arising from Phase 0, alongside an annualized production rate of approximately 37.1 MW.September 2, 2026: FCEL closes down 15.69% at $14.40. Why the Sequence Matters to Shareholders
"Timely disclosure of material developments is fundamental to fair and efficient markets. The complaint alleges that the depressed annualized production rate, and the cost overruns it produced under the Fit Energy agreement, were a known trend inside the Company well before the September 2 report reached the investing public." -- Joseph E. Levi, Esq.
Calculate your potential recovery or call (888) SueWallSt.
WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the FCEL Lawsuit
Q: What specific misstatements does the FCEL lawsuit allege? A: The complaint alleges FuelCell Energy, Inc. made materially false or misleading statements or otherwise omitted known information regarding the adequacy of its manufacturing capacity to generate the production rate required under the Fit Energy agreement, and the likelihood of incurring the resulting product cost and manufacturing overhead increases.
Q: When did FuelCell Energy allegedly mislead investors? A: The Class Period runs from June 24, 2026 to September 1, 2026. The complaint alleges that corrective disclosures revealed information that caused a significant stock decline.
Q: What court was the FCEL class action filed in? A: The case was filed in the United States District Court for the Southern District of New York, governed by the Private Securities Litigation Reform Act of 1995.
Q: What do FCEL investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What if I already sold my FCEL shares, can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.
Q: How long will the lawsuit take to resolve? A: Securities class actions typically take two to four years from initial filing to resolution. Timing depends on the court schedule, case developments, and whether the matter is dismissed, settled, or litigated further.
Complaint alleges FuelCell Energy, Inc. misled investors between June 24, 2026 and September 1, 2026; investors may seek lead plaintiff role by November 10, 2026
, /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP ("Glancy") announced today that the class action lawsuit covers investors who bought FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL) securities between June 24, 2026 and September 1, 2026. The FuelCell Energy, Inc. case, Nguyen v. FuelCell Energy, Inc. et al., was filed on September 11, 2026 in the U.S. District Court for the Southern District of New York (Case No. 26-cv-07953).
Investors who suffered losses on FuelCell Energy, Inc. investments can submit their FuelCell Energy, Inc. loss information here before the November 10, 2026 lead plaintiff deadline.
Key dates in the FuelCell Energy, Inc. case
Class period: June 24, 2026 to September 1, 2026Complaint filed: September 11, 2026Lead plaintiff deadline: November 10, 2026What happened?
On September 2, 2026, FuelCell reported its fiscal third-quarter results. The Company reported, among other things, that revenue fell 29% year over year to $33 million, primarily due to lower product sales caused by fewer module deliveries to customers in South Korea. FuelCell further reported it saw a gross loss from product revenues for the quarter reflecting that product costs and manufacturing overhead currently exceeded the contractual pricing established under the Fit Energy agreement. FuelCell recognized approximately $17 million in charges related to the initial 30 MW phase of that agreement.
On this news, FuelCell shares fell $2.68 or 15.69% to close at $14.40 on September 2, 2026, thereby injuring investors.
What is the FuelCell Energy, Inc. lawsuit about?
The FuelCell Energy, Inc. securities lawsuit alleges that, between June 24, 2026 and September 1, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about FuelCell Energy, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA; (2) as a result, the Company's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, the Company was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting the Company's profitability; and (6) as a result, defendants' positive statements about FuelCell Energy, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
"The complaint filed against FuelCell Energy, Inc. alleges that, among other things, the Company failed to disclose that the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA. For investors who bought during the class period, the November 10, 2026 deadline is the first major step in this case," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.
What's the next step?
Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist FuelCell Energy, Inc. investors in potentially pursuing claims to recover their losses.
If you wish to serve as lead plaintiff in the FuelCell Energy, Inc. class action, you must move the Court no later than November 10, 2026. To learn more about your rights, visit the FuelCell Energy, Inc. case page, email [email protected], or call 310-201-9150 (toll-free: 888-773-9224).
You may retain counsel of your choice. If you bought FuelCell Energy, Inc. securities during the class period, you may take no action and remain an absent class member. No class has been certified yet in the FuelCell Energy, Inc. case.
Frequently Asked Questions
Who is eligible? Investors who purchased or otherwise acquired FuelCell Energy, Inc. securities between June 24, 2026 and September 1, 2026 and suffered losses may be members of the proposed class in the FuelCell Energy, Inc. shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by November 10, 2026.
What is a lead plaintiff? In the FuelCell Energy, Inc. class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.
Do I have to be lead plaintiff to recover? No. A FuelCell Energy, Inc. investor's ability to share in any future recovery does not depend on serving as lead plaintiff. FuelCell Energy, Inc. investors may take no action and remain absent class members.
What is the deadline? Motions to serve as lead plaintiff in the FuelCell Energy, Inc. class action must be filed by November 10, 2026.
Does it cost anything to contact Glancy or participate in this action? Glancy represents FuelCell Energy, Inc. investors on a contingency fee basis, which means investors pay no attorneys' fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.
Can I choose my own lawyer? Yes. FuelCell Energy, Inc. investors may retain counsel of their choice.
Why work with Glancy on the FuelCell Energy, Inc. lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the FuelCell Energy, Inc. lawsuit. Prior results do not guarantee a similar outcome.
About Glancy Prongay Wolke & Rotter LLP
Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.
Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.
Prior results do not guarantee a similar outcome.
Related links
FuelCell Energy, Inc. case page, Glancy Prongay Wolke & Rotter LLPComplaint: Nguyen v. FuelCell Energy, Inc. et al., U.S. District Court for the Southern District of New Yorkpress releaseFuelCell Energy, Inc. SEC filings index, EDGARGlancy Prongay Wolke & Rotter LLPContact
Charles H. Linehan
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: [email protected]
Telephone: 310-201-9150 | Toll-free: 888-773-9224
www.glancylaw.com
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This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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Complaint alleges FuelCell Energy, Inc. misled investors between June 24, 2026 and September 1, 2026; investors may seek lead plaintiff role by November 10, 2026
, /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP ("Glancy") announced today that the class action lawsuit covers investors who bought FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL) securities between June 24, 2026 and September 1, 2026. The FuelCell Energy, Inc. case, Nguyen v. FuelCell Energy, Inc. et al., was filed on September 11, 2026 in the U.S. District Court for the Southern District of New York (Case No. 26-cv-07953).
Investors who suffered losses on FuelCell Energy, Inc. investments can submit their FuelCell Energy, Inc. loss information here before the November 10, 2026 lead plaintiff deadline.
Key dates in the FuelCell Energy, Inc. case
Class period: June 24, 2026 to September 1, 2026
Complaint filed: September 11, 2026
Lead plaintiff deadline: November 10, 2026
What happened?
On September 2, 2026, FuelCell reported its fiscal third-quarter results. The Company reported, among other things, that revenue fell 29% year over year to $33 million, primarily due to lower product sales caused by fewer module deliveries to customers in South Korea. FuelCell further reported it saw a gross loss from product revenues for the quarter reflecting that product costs and manufacturing overhead currently exceeded the contractual pricing established under the Fit Energy agreement. FuelCell recognized approximately $17 million in charges related to the initial 30 MW phase of that agreement.
On this news, FuelCell shares fell $2.68 or 15.69% to close at $14.40 on September 2, 2026, thereby injuring investors.
What is the FuelCell Energy, Inc. lawsuit about?
The FuelCell Energy, Inc. securities lawsuit alleges that, between June 24, 2026 and September 1, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about FuelCell Energy, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA; (2) as a result, the Company's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, the Company was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting the Company's profitability; and (6) as a result, defendants' positive statements about FuelCell Energy, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
"The complaint filed against FuelCell Energy, Inc. alleges that, among other things, the Company failed to disclose that the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA. For investors who bought during the class period, the November 10, 2026 deadline is the first major step in this case," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.
What's the next step?
Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist FuelCell Energy, Inc. investors in potentially pursuing claims to recover their losses.
If you wish to serve as lead plaintiff in the FuelCell Energy, Inc. class action, you must move the Court no later than November 10, 2026. To learn more about your rights, visit the FuelCell Energy, Inc. case page, email [email protected], or call 310-201-9150 (toll-free: 888-773-9224).
You may retain counsel of your choice. If you bought FuelCell Energy, Inc. securities during the class period, you may take no action and remain an absent class member. No class has been certified yet in the FuelCell Energy, Inc. case.
Frequently Asked Questions
Who is eligible? Investors who purchased or otherwise acquired FuelCell Energy, Inc. securities between June 24, 2026 and September 1, 2026 and suffered losses may be members of the proposed class in the FuelCell Energy, Inc. shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by November 10, 2026.
What is a lead plaintiff? In the FuelCell Energy, Inc. class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.
Do I have to be lead plaintiff to recover? No. A FuelCell Energy, Inc. investor's ability to share in any future recovery does not depend on serving as lead plaintiff. FuelCell Energy, Inc. investors may take no action and remain absent class members.
What is the deadline? Motions to serve as lead plaintiff in the FuelCell Energy, Inc. class action must be filed by November 10, 2026.
Does it cost anything to contact Glancy or participate in this action? Glancy represents FuelCell Energy, Inc. investors on a contingency fee basis, which means investors pay no attorneys' fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.
Can I choose my own lawyer? Yes. FuelCell Energy, Inc. investors may retain counsel of their choice.
Why work with Glancy on the FuelCell Energy, Inc. lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the FuelCell Energy, Inc. lawsuit. Prior results do not guarantee a similar outcome.
About Glancy Prongay Wolke & Rotter LLP
Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.
Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.
Prior results do not guarantee a similar outcome.
Related links
FuelCell Energy, Inc. case page, Glancy Prongay Wolke & Rotter LLP
Complaint: Nguyen v. FuelCell Energy, Inc. et al., U.S. District Court for the Southern District of New York
press release
FuelCell Energy, Inc. SEC filings index, EDGAR
Glancy Prongay Wolke & Rotter LLP
Contact
Charles H. Linehan
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: [email protected]
Telephone: 310-201-9150 | Toll-free: 888-773-9224
www.glancylaw.com
Follow Glancy on LinkedIn, X, or Facebook.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
San Diego, California--(Newsfile Corp. - October 19, 2026) - Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of persons and entities who purchased or otherwise acquired FuelCell Energy, Inc. (NASDAQ: FCEL) securities between June 4, 2026 and September 1, 2026, inclusive (the "Class Period"). FuelCell, together with its subsidiaries, engages in the design, development, production, construction, operation, and servicing of high temperature fuel cells for clean electric power generation.
The complaint alleges that FuelCell misled investors regarding its manufacturing capacity.
Investors who suffered significant losses during the Class Period may be eligible to participate in the lawsuit and should contact Robbins LLP prior to the November 10, 2026, lead plaintiff deadline.
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Why Was FuelCell Sued?
According to the complaint, on June 24, 2026, FuelCell announced a capital equipment purchase agreement ("CEPA") with Fit Energy USA LP ("Fit Energy") for up to 380 MW of fuel cell power for data centers, with an initial committed 30 MW phase ("Phase 0") including an immediate deposit.
The complaint alleges that, during the Class Period, defendants failed to disclose to investors:
(1) that the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA;
(2) that, as a result, the Company's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected;
(3) that, as a result, the Company was incurring higher product costs and manufacturing overhead expenses;
(4) that, as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA;
(5) that the foregoing was a known trend affecting the Company's profitability; and
(6) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Why Did FCEL Stock Drop?
On September 2, 2026, before the market opened, FuelCell reported its fiscal third quarter 2026 financial results, reporting a net loss of $45.3 million. According to the Company's press release, this reflected "a higher gross loss than the prior year period," which was caused by "product costs and manufacturing overhead that currently exceed the contractual pricing established under the CEPA with Fit Energy." Further, FuelCell reported that the annualized production rate was "below the production volume at which we expect our cost structure to align with market-based pricing for orders of this scale," and as a result, the Company recorded a $17 million charge to "reflect the impact of contractual pricing provisions associated with specific inventory and firm purchase commitments" arising from Phase 0 of the CEPA. On this news, FuelCell shares fell $2.68, or 15.69%, to close at $14.40 per share on September 2, 2026, on unusually heavy trading volume.
Who May Be Eligible to Participate in the FuelCell Class Action?
The lawsuit seeks to represent investors who purchased or otherwise acquired FuelCell Energy, Inc. securities between June 4, 2026 and September 1, 2026. Investors who suffered losses during that period may have legal rights under the federal securities laws.
What Is a Lead Plaintiff?
The lead plaintiff is a court-appointed investor who represents the interests of all class members throughout the litigation. Stockholders who wish to lead the class action should contact Robbins LLP for information prior to the November 10, 2026, lead plaintiff deadline.
Serving as lead plaintiff is not required to share in any potential recovery. Investors who do not seek appointment may remain absent class members if the case proceeds and later resolves successfully.
Does It Cost Anything to Participate?
No. Robbins LLP represents investors on a contingency fee basis.
Why Robbins LLP?
A recognized leader in shareholder rights litigation, Robbins LLP represents investors in securities fraud and shareholder derivative litigation. We have helped restore more than $2 billion in value to shareholders and secured some of the largest recoveries in shareholder derivative litigation history.
"Companies have an obligation to provide investors with complete and accurate information so that markets can function fairly and efficiently," said Brian J. Robbins, Founding Partner of Robbins LLP.
To be notified if a class action against FuelCell Energy, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
Contact Robbins LLP
Investors seeking additional information about the FuelCell Energy, Inc. securities class action may contact Robbins LLP by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.
Attorney Advertising. Past results do not guarantee a similar outcome.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319908
Source: Robbins LLP
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SAN FRANCISCO, Oct. 19, 2026 (GLOBE NEWSWIRE) -- National trial law firm Hagens Berman alerts investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a securities class action has been filed, and reminds investors that they have until November 10, 2026, to seek appointment as lead plaintiff.
If you purchased or acquired FuelCell securities during the Class Period and suffered significant financial losses, submit your losses now.
Key Details
Class Period: June 24, 2026 – Sept. 1, 2026Lead Plaintiff Deadline: Nov. 10, 2026Visit: www.hbsslaw.com/fcelDirect Contact Email: [email protected] Telephone: 844-916-0895Video: https://youtu.be/GlhunVARgjo What is the FuelCell Securities Class Action About?
The lawsuit focuses on whether FuelCell Energy and certain top executives—including CEO Jason B. Few and CFO Michael S. Bishop—violated the Securities Exchange Act of 1934 by making materially false and misleading statements regarding the company’s manufacturing capacity, production economics, and a major commercial agreement.
Specifically, the action alleges that throughout the Class Period, defendants touted a high-profile Capital Equipment Purchase Agreement (CEPA) announced on June 24, 2026, under which FuelCell agreed to supply carbonate fuel cell block systems for up to 380 megawatts (MW) of clean, baseload on-site power for data centers to Fit Energy USA LP (beginning with an initial 30 MW phase). Concurrently, FuelCell capitalized on the market enthusiasm by completing a massive underwritten public offering of over 12 million shares of common stock at $21 per share, raising roughly $245.5 million in net proceeds.
However, the complaint alleges that defendants failed to disclose critical operational realities to investors:
That FuelCell’s actual manufacturing capacity was wholly inadequate to generate the production rates required under the Fit Energy CEPA;That the lagging production volume meant product costs and manufacturing overhead heavily exceeded the contractual pricing, locking the company into severe gross losses; andThat the company was tracking multi-million-dollar charges and inventory commitments tied to Phase 0 of the agreement that would decimate its quarterly profitability. The truth emerged before the market opened on September 2, 2026, when FuelCell reported its fiscal third-quarter 2026 financial results. The company revealed a staggering net loss of $45.3 million and a massive jump in gross losses—driven by $17 million in charges recorded for Phase 0 of the Fit Energy CEPA because current product costs and overhead exceeded contract pricing.
Following these disclosures, the price of FuelCell stock plummeted nearly 16% in a single trading session, severely damaging shareholders.
What Can FuelCell Investors Do?
If you purchased FCEL securities between June 24, 2026, and September 1, 2026, you may be eligible to participate in the lawsuit as a lead plaintiff.
The Private Securities Litigation Reform Act of 1995 permits any investor who suffered financial losses to seek appointment as lead plaintiff. You do not need to sell your shares to join the class action.
Click Here To Submit Your LossesClick Here to Discuss Your Legal Rights: Contact Hagens Berman attorneys to learn more about the case, the lead plaintiff timeline, and your options. “We’re focused on whether FuelCell may have misled investors about its manufacturing capabilities, as the suit alleges,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation of the claims in the pending suit.
Whistleblowers: Persons with non-public information regarding FuelCell should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, [email protected]
New York, New York--(Newsfile Corp. - October 19, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the "Class Period"), of the important November 10, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA"); (2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell's profitability; and (6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319823
Source: The Rosen Law Firm PA
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LOS ANGELES, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Investors in FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL) have until November 10, 2026 to ask the Court to appoint them lead plaintiff in a securities fraud class action lawsuit filed on behalf of investors who purchased or otherwise acquired FuelCell Energy, Inc. securities between June 24, 2026 and September 1, 2026, inclusive. Glancy Prongay Wolke & Rotter LLP ("Glancy") today reminded investors of the upcoming deadline. The FuelCell Energy, Inc. case, Nguyen v. FuelCell Energy, Inc. et al., was filed on September 11, 2026 and is pending in the U.S. District Court for the Southern District of New York (Case No. 26-cv-07953).
Investors who suffered losses on FuelCell Energy, Inc. investments can contact Glancy about the FuelCell Energy, Inc. class action to learn about potentially pursuing claims under the federal securities laws before the November 10, 2026 deadline.
Deadline and key dates for FuelCell Energy, Inc. investors
Lead plaintiff deadline: November 10, 2026Class period: June 24, 2026 to September 1, 2026, inclusiveComplaint filed: September 11, 2026Court: U.S. District Court for the Southern District of New York What happened?
On September 2, 2026, FuelCell reported its fiscal third-quarter results. The Company reported, among other things, that revenue fell 29% year over year to $33 million, primarily due to lower product sales caused by fewer module deliveries to customers in South Korea. FuelCell further reported it saw a gross loss from product revenues for the quarter reflecting that product costs and manufacturing overhead currently exceeded the contractual pricing established under the Fit Energy agreement. FuelCell recognized approximately $17 million in charges related to the initial 30 MW phase of that agreement.
On this news, FuelCell shares fell $2.68 or 15.69% to close at $14.40 on September 2, 2026, thereby injuring investors.
What does the FuelCell Energy, Inc. complaint allege?
The FuelCell Energy, Inc. securities lawsuit alleges that, throughout the class period, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about FuelCell Energy, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose to investors that: (1) the Company’s manufacturing capacity was inadequate to generate the production rate required under the CEPA; (2) as a result, the Company’s annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, the Company was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting the Company’s profitability; and (6) as a result, defendants' positive statements about FuelCell Energy, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Investors who purchased or otherwise acquired FuelCell Energy, Inc. securities during the class period may move the Court no later than November 10, 2026 to request appointment as lead plaintiff in this putative class action lawsuit.
"The complaint filed against FuelCell Energy, Inc. alleges that, among other things, the Company failed to disclose that the Company’s manufacturing capacity was inadequate to generate the production rate required under the CEPA. Investors who want to help lead this case must ask the Court by November 10, 2026, and that date is coming soon," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.
What's the next step?
Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm that can help FuelCell Energy, Inc. investors evaluate potential claims to recover their losses. Investors who wish to serve as lead plaintiff in the FuelCell Energy, Inc. class action must move the Court by November 10, 2026. To learn more, visit the FuelCell Energy, Inc. case page, email [email protected], or call 310-201-9150 (toll-free: 888-773-9224).
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the FuelCell Energy, Inc. class, you need not take any action at this time. You may retain counsel of your choice or take no action and remain an absent class member. No class has been certified yet in the FuelCell Energy, Inc. case.
Frequently Asked Questions
Who is eligible? Investors who purchased or otherwise acquired FuelCell Energy, Inc. securities between June 24, 2026 and September 1, 2026 and suffered losses may be members of the proposed class in the FuelCell Energy, Inc. shareholder lawsuit.
When is the FuelCell Energy, Inc. lead plaintiff deadline? Motions to serve as lead plaintiff in the FuelCell Energy, Inc. class action must be filed with the U.S. District Court for the Southern District of New York by November 10, 2026.
What if I miss the FuelCell Energy, Inc. deadline? After November 10, 2026, investors generally can no longer ask to be appointed lead plaintiff, but FuelCell Energy, Inc. investors may still remain class members. Their ability to share in any future recovery does not depend on serving as lead plaintiff.
What is a lead plaintiff? In the FuelCell Energy, Inc. class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.
Does it cost anything to contact Glancy or participate in this action? Glancy represents FuelCell Energy, Inc. investors on a contingency fee basis, which means investors pay no attorneys' fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.
Why work with Glancy on the FuelCell Energy, Inc. lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the FuelCell Energy, Inc. class action. Prior results do not guarantee a similar outcome.
About Glancy Prongay Wolke & Rotter LLP
Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.
Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.
Prior results do not guarantee a similar outcome.
Related links
FuelCell Energy, Inc. case page, Glancy Prongay Wolke & Rotter LLPComplaint: Nguyen v. FuelCell Energy, Inc. et al., U.S. District Court for the Southern District of New Yorkpress releaseFuelCell Energy, Inc. SEC filings index, EDGARGlancy Prongay Wolke & Rotter LLP Contact
NEW YORK, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between June 24, 2026 and September 1, 2026. Find out if you could qualify to recover your per-share losses. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
FCEL closed at a Class Period high of $36.01 per share on June 30, 2026. On September 2, 2026, the stock fell $2.68, or 15.69%, to close at $14.40 after the Company reported a fiscal third quarter net loss of $45.3 million and a $17.0 million charge tied to its Fit Energy agreement. Investors have until November 10, 2026 to seek appointment as lead plaintiff.
The Promise
On June 24, 2026, the Company announced a Capital Equipment Purchase Agreement with Fit Energy USA LP for up to 380 megawatts of baseload on-site power for data centers, including an immediate deposit for an initial committed 30 MW phase scheduled to begin delivery later that year. Management stated that the agreement "further validates our decision to scale our operations to 500 MW, preserving our ability to serve a broad and growing pipeline of customers." Two weeks later, the Company priced an underwritten offering of approximately 12.3 million shares at $21.00 per share.
The Reality
Results revealed on September 2, 2026 described a very different production picture. The Company reported that per-unit product costs and absorbed fixed manufacturing overhead reflected "the annualized production rate of approximately 37.1 MW at which we operated during the quarter, which remains below the production volume at which we expect our cost structure to align with market-based pricing for orders of this scale." Product costs and manufacturing overhead exceeded the contractual pricing established under the Fit Energy agreement, and the Company recorded $17.0 million in charges tied to inventory and firm purchase commitments arising from Phase 0.
Promise vs. Actual: By the Numbers
Announced program scale of up to 380 MW; actual annualized production rate of approximately 37.1 MW.Stated intent to scale operations to 500 MW; disclosed maximum annualized Torrington capacity of 100 MW under its current configuration.Contractual pricing under the agreement; product costs and overhead that exceeded that pricing, producing $17.0 million in charges.Quarterly revenue of $33.0 million versus $46.7 million a year earlier, a decrease of approximately 29%.Gross loss of $(24.5) million versus $(5.1) million a year earlier, an increase of approximately 377%.A Class Period high of $36.01 per share on June 30, 2026 against a $14.40 close on September 2, 2026. The gap demonstrates what the lawsuit contends investors were never told: that manufacturing capacity was allegedly inadequate to generate the production rate the agreement required, that the resulting cost overruns were allegedly a known trend affecting profitability, and that charges tied to Phase 0 were allegedly reasonably likely well before they were disclosed.
"Companies that make specific promises to investors about future performance have an obligation to disclose known risks to those projections. Here, the complaint alleges that Fuel Cell did not appropriately caution investors that the production rate needed to support the announced Fit Energy commitment was not achievable at the time the agreement was promoted to the market." -- Joseph E. Levi, Esq.
Submit your information here or call (212) 363-7500.
WHY LEVI & KORSINSKY — Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors. Investors who suffered losses have until November 10, 2026 to seek appointment as lead plaintiff.
Frequently Asked Questions About the FCEL Lawsuit
Q: What is the FCEL lead plaintiff deadline? A: The deadline to apply for lead plaintiff appointment is November 10, 2026. This deadline applies only to investors seeking to serve as lead plaintiff. Class members who do not apply may still participate in any recovery without taking action before this date.
Q: How much did FCEL stock drop? A: Shares fell approximately 15.69%, a decline of $2.68 per share, after the Company disclosed a fiscal third quarter net loss of $45.3 million and a $17.0 million charge reflecting contractual pricing provisions tied to inventory and firm purchase commitments under the Fit Energy agreement. Investors who purchased shares during the Class Period at artificially inflated prices and suffered losses may be eligible to seek compensation.
Q: What specific misstatements does the FCEL lawsuit allege? A: The complaint alleges FuelCell Energy, Inc. made materially false or misleading statements or otherwise omitted known information regarding the adequacy of its manufacturing capacity to generate the production rate required under the Fit Energy agreement, and the likelihood of incurring the resulting product cost and manufacturing overhead increases.
Q: What do FCEL investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What if I already sold my FCEL shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: How long will the lawsuit take to resolve? A: Securities class actions typically take two to four years from initial filing to resolution. Timing depends on the court schedule, case developments, and whether the matter is dismissed, settled, or litigated further.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004 [email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
New York, New York--(Newsfile Corp. - October 19, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL) on behalf of investors that purchased or otherwise acquired FuelCell securities between June 24, 2026 and September 1, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in FuelCell and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than November 10, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On June 24, 2026, FuelCell announced a "strategic agreement" with Fit Energy USA LP ("Fit Energy") to manufacture, sell and deliver carbonate fuel cell block systems "for up to 380 megawatts (MW) of clean, baseload on-site power for data centers using FuelCell Energy's utility-scale fuel cell technology[,]" including "an immediate deposit for an initial 30 MW of power scheduled to begin delivery later this year."
Then, on September 2, 2026, FuelCell reported financial results for the fiscal third quarter 2026 ending July 31, 2026, including a gross loss of $24.5 million in the third quarter of fiscal 2026 compared to a gross loss of $5.1 million in the third quarter of 2025. During the earnings call to discuss these results, FuelCell's Chief Financial Officer ("CFO") said that the "the primary driver" of the Company's higher gross loss than the prior year period was "$17 million of charges recorded during the quarter" that were recorded in connection with Phase 0 of FuelCell's Capital Equipment Purchase Agreement ("CEPA") with Fit Energy "due to the fact that our current product costs and manufacturing overhead exceed the contractual pricing established under that agreement." On this news, FuelCell shares fell $2.68, or 15.69%, to close at $14.40 per share on September 2, 2026.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA with Fit Energy and that the Company was reasonably likely to incur charges in connection with the CEPA.
CLICK HERE TO LEARN MORE
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In FuelCell To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in FuelCell between June 24, 2026 and September 1, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - October 18, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL) and reminds investors of the November 10, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company's manufacturing capacity was inadequate to generate the production rate required under the CEPA; (2) that, as a result, the Company's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) that, as a result, the Company was incurring higher product costs and manufacturing overhead expenses; (4) that, as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA; (5) that the foregoing was a known trend affecting the Company's profitability; and (6) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On September 2, 2026, before the market opened, FuelCell reported its fiscal third quarter 2026 financial results, reporting a net loss of $45.3 million. According to the Company's press release, this reflected "a higher gross loss than the prior year period," which was caused by "product costs and manufacturing overhead that currently exceed the contractual pricing established under the CEPA with Fit Energy." Further, FuelCell reported that the annualized production rate was "below the production volume at which we expect our cost structure to align with market-based pricing for orders of this scale," and as a result, the Company recorded a $17 million charge to "reflect the impact of contractual pricing provisions associated with specific inventory and firm purchase commitments" arising from Phase 0 of the CEPA.
On this news, FuelCell shares fell $2.68, or 15.69%, to close at $14.40 per share on September 2, 2026, thereby injuring investors.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding FuelCell's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the FuelCell Energy class action, go to www.faruqilaw.com/FCEL or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the FuelCell Securities Class Action Lawsuit:
What is the FuelCell securities fraud lawsuit about?
The lawsuit alleges FuelCell Energy misled investors about its manufacturing capacity, production rates, costs, and financial risks associated with its CEPA with Fit Energy.
Who may be eligible to participate in the lawsuit?
Investors who purchased or acquired FuelCell Energy (NASDAQ: FCEL) securities between June 24, 2026 and September 1, 2026 may be eligible if they suffered losses.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by November 10, 2026. Investors may participate without serving as lead plaintiff.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased FuelCell securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319393
Source: Faruqi & Faruqi LLP
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
New York, New York--(Newsfile Corp. - October 18, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the "Class Period"), of the important November 10, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA"); (2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell's profitability; and (6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319532
Source: The Rosen Law Firm PA
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Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
FCEL Investors Have Opportunity to Lead FuelCell Energy, Inc. Securities Fraud LawsuitPR Newswire
NEW YORK, Oct. 17, 2026
, /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the "Class Period"), of the important November 10, 2026 lead plaintiff deadline.
So what: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA"); (2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell's profitability; and (6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/fcel-investors-have-opportunity-to-lead-fuelcell-energy-inc-securities-fraud-lawsuit-302911656.html
, /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the "Class Period"), of the important November 10, 2026 lead plaintiff deadline.
So what: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA"); (2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell's profitability; and (6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the “Class Period”), of the important November 10, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell’s manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement (“CEPA”); (2) as a result, FuelCell’s annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell’s profitability; and (6) as a result of the foregoing, defendants’ positive statements about FuelCell’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
New York, New York--(Newsfile Corp. - October 16, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities FuelCell Energy, Inc. (NASDAQ: FCEL) between June 24, 2026 and September 1, 2026, inclusive (the "Class Period"), of the important November 10, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FuelCell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FuelCell's manufacturing capacity was inadequate to generate the production rate required under the capital equipment purchase agreement ("CEPA"); (2) as a result, FuelCell's annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (3) as a result, FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) as a result of the slower production rate, FuelCell was reasonably likely to incur charges in connection with the CEPA; (5) the foregoing was a known trend affecting FuelCell's profitability; and (6) as a result of the foregoing, defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FuelCell class action, go to https://rosenlegal.com/cases/fuelcell-energy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319531
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
, /PRNewswire/ -- National trial law firm Hagens Berman alerts investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a securities class action has been filed, and reminds investors that they have until November 10, 2026, to seek appointment as lead plaintiff.
If you purchased or acquired FuelCell securities during the Class Period and suffered significant financial losses, submit your losses now.
Key Details
Class Period: June 24, 2026 – Sept. 1, 2026 Lead Plaintiff Deadline: Nov. 10, 2026 Visit: www.hbsslaw.com/fcel Direct Contact Email: [email protected] Firm Telephone: 844-916-0895 Video: https://youtu.be/GlhunVARgjo What is the FuelCell Securities Class Action About?
The lawsuit focuses on whether FuelCell Energy and certain top executives—including CEO Jason B. Few and CFO Michael S. Bishop—violated the Securities Exchange Act of 1934 by making materially false and misleading statements regarding the company's manufacturing capacity, production economics, and a major commercial agreement.
Specifically, the action alleges that throughout the Class Period, defendants touted a high-profile Capital Equipment Purchase Agreement (CEPA) announced on June 24, 2026, under which FuelCell agreed to supply carbonate fuel cell block systems for up to 380 megawatts (MW) of clean, baseload on-site power for data centers to Fit Energy USA LP (beginning with an initial 30 MW phase). Concurrently, FuelCell capitalized on the market enthusiasm by completing a massive underwritten public offering of over 12 million shares of common stock at $21 per share, raising roughly $245.5 million in net proceeds.
However, the complaint alleges that defendants failed to disclose critical operational realities to investors:
That FuelCell's actual manufacturing capacity was wholly inadequate to generate the production rates required under the Fit Energy CEPA; That the lagging production volume meant product costs and manufacturing overhead heavily exceeded the contractual pricing, locking the company into severe gross losses; and That the company was tracking multi-million-dollar charges and inventory commitments tied to Phase 0 of the agreement that would decimate its quarterly profitability. The truth emerged before the market opened on September 2, 2026, when FuelCell reported its fiscal third-quarter 2026 financial results. The company revealed a staggering net loss of $45.3 million and a massive jump in gross losses—driven by $17 million in charges recorded for Phase 0 of the Fit Energy CEPA because current product costs and overhead exceeded contract pricing.
Following these disclosures, the price of FuelCell stock plummeted nearly 16% in a single trading session, severely damaging shareholders.
What Can FuelCell Investors Do?
If you purchased FCEL securities between June 24, 2026, and September 1, 2026, you may be eligible to participate in the lawsuit as a lead plaintiff.
The Private Securities Litigation Reform Act of 1995 permits any investor who suffered financial losses to seek appointment as lead plaintiff. You do not need to sell your shares to join the class action.
Click Here To Submit Your Losses Click Here to Discuss Your Legal Rights: Contact Hagens Berman attorneys to learn more about the case, the lead plaintiff timeline, and your options. "We're focused on whether FuelCell may have misled investors about its manufacturing capabilities, as the suit alleges," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation of the claims in the pending suit.
Whistleblowers: Persons with non-public information regarding FuelCell should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
