{"success":true,"data":{"pressRelease":{"id":"142903","rtpr_id":"nBw4SKgpxa-20260914","ticker":"FCEL","exchange":"NASDAQ","all_tickers":["FCEL"],"title":"Law Offices of Frank R. Cruz Encourages FuelCell Energy, Inc. (FCEL) Shareholders To Inquire About Securities Fraud Class Action","author":"Business Wire","published_at":"2026-09-14T15:57:00.107Z","article_body":"Law Offices of Frank R. Cruz Encourages FuelCell Energy, Inc. (FCEL)\nShareholders To Inquire About Securities Fraud Class Action\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=e63958791ed786f5888456fb84304f84)\nannounces that a class action lawsuit has been filed on behalf of shareholders\nwho purchased or otherwise acquired FuelCell Energy, Inc. (“FuelCell” or\nthe “Company”) (NASDAQ: FCEL\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2Ffcel&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=FCEL&index=2&md5=c4ba85b0ef2850908ef27864617e214d)\n) securities between June 24, 2026 and September 1, 2026, inclusive (the\n“Class Period”). FuelCell investors have until November 10, 2026 to file a\nlead plaintiff motion.\n\nIF YOU SUFFERED A LOSS ON YOUR FUELCELL ENERGY, INC. (FCEL) INVESTMENTS, CLICK\nHERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Ffuelcell-energy-inc%2F&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=HERE&index=3&md5=900a002faca24acee32485afd8dd8721)\nTO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES\nFRAUD LAWSUIT.\n\nYou can also contact the Law Offices of Frank R. Cruz to discuss your legal\nrights by email at info@frankcruzlaw.com (mailto:info@frankcruzlaw.com) , by\ntelephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=ca1ec2fdf977d82c94a524c5b3c75d95)\n.\n\nWhat Happened?\n\nOn September 2, 2026, before the market opened, FuelCell reported its fiscal\nthird quarter 2026 financial results, reporting a net loss of $45.3 million.\nAccording to the Company’s press release, this reflected “a higher gross\nloss than the prior year period,” which was caused by “product costs and\nmanufacturing overhead that currently exceed the contractual pricing\nestablished under the CEPA with Fit Energy.” Further, FuelCell reported that\nthe annualized production rate was “below the production volume at which we\nexpect our cost structure to align with market-based pricing for orders of\nthis scale,” and as a result, the Company recorded a $17 million charge to\n“reflect the impact of contractual pricing provisions associated with\nspecific inventory and firm purchase commitments” arising from Phase 0 of\nthe CEPA.\n\nOn this news, FuelCell shares fell $2.68, or 15.69%, to close at $14.40 per\nshare on September 2, 2026, thereby injuring investors.\n\nWhat Is The Lawsuit About?\n\nThe complaint filed in this class action alleges that throughout the Class\nPeriod, Defendants made materially false and/or misleading statements, as well\nas failed to disclose material adverse facts about the Company’s business,\noperations, and prospects. Specifically, Defendants failed to disclose to\ninvestors that: (1) that the Company’s manufacturing capacity was inadequate\nto generate the production rate required under the CEPA; (2) that, as a\nresult, the Company’s annualized production rate for deliveries under the\nCEPA with Fit Energy was slower than expected; (3) that, as a result, the\nCompany was incurring higher product costs and manufacturing overhead\nexpenses; (4) that, as a result of the slower production rate, the Company was\nreasonably likely to incur charges in connection with the CEPA; (5) that the\nforegoing was a known trend affecting the Company’s profitability; and (6)\nthat, as a result of the foregoing, Defendants’ positive statements about\nthe Company’s business, operations, and prospects were materially misleading\nand/or lacked a reasonable basis.\n\nContact Us To Participate or Learn More:\n\nIf you purchased FuelCell securities, wish to learn more about this action, or\nhave any questions concerning this announcement or your rights or interests\nwith respect to these matters, please click HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Ffuelcell-energy-inc%2F&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=HERE&index=5&md5=4f6e6396160df4d71ee18c7aec3ae9b3)\nor contact us at:\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nCentury City, CA 90067\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=c92f5febd60e26993f438e29933d4144)\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260914872244/en/\n(https://www.businesswire.com/news/home/20260914872244/en/)\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nCentury City, CA 90067\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=www.frankcruzlaw.com&index=7&md5=8e07c247fee73899ac215fdf05023377)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw4SKgpxa-20260914","title":"Law Offices of Frank R. Cruz Encourages FuelCell Energy, Inc. (FCEL) Shareholders To Inquire About Securities Fraud Class Action","author":"Business Wire","ticker":"FCEL","created":"2026-09-14T15:57:00.107Z","tickers":["FCEL"],"exchange":"NASDAQ","article_body":"Law Offices of Frank R. Cruz Encourages FuelCell Energy, Inc. (FCEL)\nShareholders To Inquire About Securities Fraud Class Action\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=e63958791ed786f5888456fb84304f84)\nannounces that a class action lawsuit has been filed on behalf of shareholders\nwho purchased or otherwise acquired FuelCell Energy, Inc. (“FuelCell” or\nthe “Company”) (NASDAQ: FCEL\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2Ffcel&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=FCEL&index=2&md5=c4ba85b0ef2850908ef27864617e214d)\n) securities between June 24, 2026 and September 1, 2026, inclusive (the\n“Class Period”). FuelCell investors have until November 10, 2026 to file a\nlead plaintiff motion.\n\nIF YOU SUFFERED A LOSS ON YOUR FUELCELL ENERGY, INC. (FCEL) INVESTMENTS, CLICK\nHERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Ffuelcell-energy-inc%2F&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=HERE&index=3&md5=900a002faca24acee32485afd8dd8721)\nTO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES\nFRAUD LAWSUIT.\n\nYou can also contact the Law Offices of Frank R. Cruz to discuss your legal\nrights by email at info@frankcruzlaw.com (mailto:info@frankcruzlaw.com) , by\ntelephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=ca1ec2fdf977d82c94a524c5b3c75d95)\n.\n\nWhat Happened?\n\nOn September 2, 2026, before the market opened, FuelCell reported its fiscal\nthird quarter 2026 financial results, reporting a net loss of $45.3 million.\nAccording to the Company’s press release, this reflected “a higher gross\nloss than the prior year period,” which was caused by “product costs and\nmanufacturing overhead that currently exceed the contractual pricing\nestablished under the CEPA with Fit Energy.” Further, FuelCell reported that\nthe annualized production rate was “below the production volume at which we\nexpect our cost structure to align with market-based pricing for orders of\nthis scale,” and as a result, the Company recorded a $17 million charge to\n“reflect the impact of contractual pricing provisions associated with\nspecific inventory and firm purchase commitments” arising from Phase 0 of\nthe CEPA.\n\nOn this news, FuelCell shares fell $2.68, or 15.69%, to close at $14.40 per\nshare on September 2, 2026, thereby injuring investors.\n\nWhat Is The Lawsuit About?\n\nThe complaint filed in this class action alleges that throughout the Class\nPeriod, Defendants made materially false and/or misleading statements, as well\nas failed to disclose material adverse facts about the Company’s business,\noperations, and prospects. Specifically, Defendants failed to disclose to\ninvestors that: (1) that the Company’s manufacturing capacity was inadequate\nto generate the production rate required under the CEPA; (2) that, as a\nresult, the Company’s annualized production rate for deliveries under the\nCEPA with Fit Energy was slower than expected; (3) that, as a result, the\nCompany was incurring higher product costs and manufacturing overhead\nexpenses; (4) that, as a result of the slower production rate, the Company was\nreasonably likely to incur charges in connection with the CEPA; (5) that the\nforegoing was a known trend affecting the Company’s profitability; and (6)\nthat, as a result of the foregoing, Defendants’ positive statements about\nthe Company’s business, operations, and prospects were materially misleading\nand/or lacked a reasonable basis.\n\nContact Us To Participate or Learn More:\n\nIf you purchased FuelCell securities, wish to learn more about this action, or\nhave any questions concerning this announcement or your rights or interests\nwith respect to these matters, please click HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Ffuelcell-energy-inc%2F&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=HERE&index=5&md5=4f6e6396160df4d71ee18c7aec3ae9b3)\nor contact us at:\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nCentury City, CA 90067\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=c92f5febd60e26993f438e29933d4144)\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260914872244/en/\n(https://www.businesswire.com/news/home/20260914872244/en/)\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nCentury City, CA 90067\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54603391&newsitemid=20260914872244&lan=en-US&anchor=www.frankcruzlaw.com&index=7&md5=8e07c247fee73899ac215fdf05023377)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-14T15:57:00.156639417Z","server_sent_at_ms":1789401420156},"received_at":"2026-09-14T15:57:00.210Z","source_url":"https://www.businesswire.com/news/home/20260914872244/en/"},"analysis":{"id":"131737","press_release_id":"142903","analysis_json":{"industry":{"label":"Electrical Equipment","sector":"Industrials"},"redFlags":["Securities fraud class action filed against FCEL covering the June 24 - September 1, 2026 class period","Allegations include inadequate manufacturing capacity and slower-than-expected CEPA production rates described as a known profitability trend","Shares fell 15.69% on September 2, 2026 after a $45.3M quarterly net loss and $17M inventory-related charge"],"eventType":"legal_litigation","narrative":"Law Offices of Frank R. Cruz announced a securities fraud class action on behalf of shareholders who purchased FuelCell Energy (FCEL) securities between June 24, 2026 and September 1, 2026, with a November 10, 2026 lead plaintiff deadline.\n\nThe suit follows FuelCell's September 2 fiscal Q3 2026 report of a $45.3 million net loss and a $17 million charge tied to contractual pricing under its CEPA with Fit Energy; shares fell $2.68, or 15.69%, to close at $14.40 that day.\n\nThe complaint alleges defendants concealed inadequate manufacturing capacity, slower-than-expected CEPA production rates, and elevated product costs. This is a plaintiff-firm solicitation rather than an issuer disclosure, so treat it as low-signal noise despite the substantive underlying allegations.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm class action solicitation -- suppress as noise, though the underlying September 2 disclosure is already in the price."},"keyFigures":{"customDimensions":{"class_period":"June 24, 2026 to September 1, 2026","stock_drop_usd":"$2.68","inventory_charge":"$17 million","stock_drop_sept_2_2026":"-15.69%","fiscal_q3_2026_net_loss":"$45.3 million","lead_plaintiff_deadline":"November 10, 2026","closing_price_sept_2_2026":"$14.40"}},"quotedText":"manufacturing overhead that currently exceed the contractual pricing","namedEntities":{"people":[],"products":[],"companies":[{"name":"FuelCell Energy, Inc.","ticker":"FCEL","relationship":"subject of the securities fraud class action"},{"name":"Law Offices of Frank R. Cruz","relationship":"plaintiff law firm issuing solicitation"},{"name":"Fit Energy","relationship":"CEPA counterparty referenced in lawsuit allegations"}],"dollarAmounts":[{"amount":"$45.3 million","context":"fiscal Q3 2026 net loss reported September 2, 2026"},{"amount":"$17 million","context":"charge for contractual pricing provisions tied to inventory and firm purchase commitments under Phase 0 of the CEPA"},{"amount":"$2.68","context":"per-share decline in FCEL on September 2, 2026"},{"amount":"$14.40","context":"FCEL closing price on September 2, 2026"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued under the Law Offices of Frank R. Cruz's own name, seeking lead-plaintiff candidates for a newly filed class action. No certified class, no settlement, and no new issuer disclosure; the underlying stock drop occurred on September 2, 2026 and is old news."},"tickerRelevance":{"others":[],"primary":"FCEL"},"globalImportance":18,"audienceRelevance":18,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"moderate -- FCEL has a retail following","underlyingEventRecency":"stock drop occurred September 2, 2026; stale for alerting"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Law Offices of Frank R. Cruz announced a securities fraud class action on behalf of shareholders who purchased FuelCell Energy (FCEL) securities between June 24, 2026 and September 1, 2026, with a November 10, 2026 lead plaintiff deadline.\n\nThe suit follows FuelCell's September 2 fiscal Q3 2026 report of a $45.3 million net loss and a $17 million charge tied to contractual pricing under its CEPA with Fit Energy; shares fell $2.68, or 15.69%, to close at $14.40 that day.\n\nThe complaint alleges defendants concealed inadequate manufacturing capacity, slower-than-expected CEPA production rates, and elevated product costs. This is a plaintiff-firm solicitation rather than an issuer disclosure, so treat it as low-signal noise despite the substantive underlying allegations.","key_figures":{"customDimensions":{"class_period":"June 24, 2026 to September 1, 2026","stock_drop_usd":"$2.68","inventory_charge":"$17 million","stock_drop_sept_2_2026":"-15.69%","fiscal_q3_2026_net_loss":"$45.3 million","lead_plaintiff_deadline":"November 10, 2026","closing_price_sept_2_2026":"$14.40"}},"named_entities":{"people":[],"products":[],"companies":[{"name":"FuelCell Energy, Inc.","ticker":"FCEL","relationship":"subject of the securities fraud class action"},{"name":"Law Offices of Frank R. Cruz","relationship":"plaintiff law firm issuing solicitation"},{"name":"Fit Energy","relationship":"CEPA counterparty referenced in lawsuit allegations"}],"dollarAmounts":[{"amount":"$45.3 million","context":"fiscal Q3 2026 net loss reported September 2, 2026"},{"amount":"$17 million","context":"charge for contractual pricing provisions tied to inventory and firm purchase commitments under Phase 0 of the CEPA"},{"amount":"$2.68","context":"per-share decline in FCEL on September 2, 2026"},{"amount":"$14.40","context":"FCEL closing price on September 2, 2026"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-14T15:57:37.756Z","global_importance":18,"audience_relevance":18,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"moderate -- FCEL has a retail following","underlyingEventRecency":"stock drop occurred September 2, 2026; stale for alerting"}},"durationMs":37542,"modelName":"glm-5.3-flash"}}