FuelCell Energy Investors: Did You Suffer Financial Losses? Contact Kehoe Law Firm, P.C. About the Securities Class Action – FCEL

PHILADELPHIA, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is informing investors that a securities class Action has been filed against FuelCell Energy, Inc. (“FuelCell” or the “Company”) (NASDAQ: FCEL) and certain of its officers on behalf of investors who purchased or otherwise acquired FuelCell securities between June 24, 2026 and September 1, 2026, inclusive (the “Class Period”), and were damaged thereby.

Did you purchase or otherwise acquire FuelCell securities during the Class Period and suffer financial losses? Contact Kehoe Law Firm, P.C. to discuss your legal rights without cost or obligation.

What Does the FuelCell Class Action Allege?

The Action , Nguyen v. Fuelcell Energy , Inc., et al., Case No. 1:26-cv-07953, was filed on September 11, 2026 in the U.S. District Court for the Southern District of New York.

According to the complaint, the defendants 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 USA LP ("Fit Energy") was slower than expected; (3) FuelCell was incurring higher product costs and manufacturing overhead expenses; (4) the slower production rate made it reasonably likely that FuelCell would incur charges in connection with the CEPA; (5) these conditions constituted a known trend affecting FuelCell's profitability; and (6) as a result, the defendants' positive statements about FuelCell's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

FuelCell Discloses $17 Million in Charges & Related Stock Drop

On September 2, 2026, before the market opened, FuelCell reported its fiscal third-quarter 2026 financial results, including a net loss of $45.3 million. FuelCell disclosed that product costs and manufacturing overhead exceeded the contractual pricing established under the CEPA with Fit Energy. FuelCell further reported that it operated at an annualized production rate of approximately 37.1 MW during the quarter, below the production volume at which the Company expected its cost structure to align with market-based pricing for orders of that scale. FuelCell also recorded $17.0 million in charges associated with specific inventory and firm purchase commitments arising from Phase 0 of the CEPA with Fit Energy.

Following these disclosures, FuelCell's stock price dropped $2.68, or 15.69%, to close at $14.40 per share on September 2, 2026, on unusually heavy trading volume.

Lead Plaintiff Deadline: Investors who wish to seek appointment as lead plaintiff must do so by November 10, 2026. Investors do not need to seek appointment as lead plaintiff to remain potential members of the proposed class or to share in any potential recovery.

Learn more: https://kehoelawfirm.com/fuelcell-energy-securities-investigation-fcel/

For a free, no-obligation legal evaluation, contact Kehoe Law Firm, P.C.:
Michael Yarnoff, Esq. | (215) 792-6676, Ext. 804 | myarnoff@kehoelawfirm.com | info@kehoelawfirm.com

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a plaintiff-side class Action law firm representing investors, consumers, and employees in securities fraud, corporate misconduct, antitrust, data breach, consumer fraud, employment, and retirement-plan matters. Its attorneys have served as lead or co-lead counsel in major securities cases recovering more than $10 billion for investors. Class Action legal services are provided on a contingency-fee basis, subject to court approval of attorneys’ fees and expenses.

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