{"success":true,"data":{"pressRelease":{"id":"145575","rtpr_id":"nGNX7Gtr27-20260916","ticker":"FCEL","exchange":"NASDAQ","all_tickers":["FCEL"],"title":"FuelCell (NASDAQ: FCEL) Scrutinized Over Fit Energy Disclosures Driving Stock Down 15% -- HBSS","author":"Globe Newswire","published_at":"2026-09-16T19:27:56.093Z","article_body":"SAN FRANCISCO, Sept. 16, 2026 (GLOBE NEWSWIRE) -- National trial law firm\nHagens Berman alerts investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a\nsecurities class action has been filed, and reminds investors that they have\nuntil November 10, 2026, to seek appointment as lead plaintiff.\n\nIf you purchased or acquired FuelCell securities during the Class Period and\nsuffered significant financial losses, submit your losses now\n(https://www.globenewswire.com/Tracker?data=GLjasSYJWGvD8yggfdaMT5WAYZqUWhloFO5N3XlbKYPY6hL5MvZ2gAwJX1bOTJoyP2cfbJnMnKbZDwhqod2oiUNg6sEnXXKW4YkIDl0-Lqpaf4KX_pker7oF88u7ZCQMX8trViqKJdyhHPyp-cDjjyt6voUB0vb5RYfiMrXW27w=).\n\nRead Hagens Berman's detailed analysis\n(https://www.globenewswire.com/Tracker?data=bldFrzrWirMzdSJE5yRM0uCU2fFDwGu_jOsisvUOpTCCl1N_C5X5xPX7deRcLIVlnIfpC4ItyzeKwaPEy1699E4H7fzuJUdzb91XJG7ywcTCGcv5-p3Hrc327tz99y1Pgqlhqxa08Y16fR94aoYsollRC-pU-Xv1VgLmMusslA-muF1PJLrg2Y99KkmOjYrws2RiAzwETiMy88iGvXWcSA==)\non the alleged securities fraud surrounding FuelCell Energy's Fit Energy\ncontract.\n\nKey Details\n* Class Period: June 24, 2026 – Sept. 1, 2026\n* Lead Plaintiff Deadline: Nov. 10, 2026\n* Visit: www.hbsslaw.com/fcel\n* Direct Contact Email: FCEL@hbsslaw.com\n* Firm Telephone: 844-916-0895\nWhat is the FuelCell Securities Class Action About?\n\nThe lawsuit focuses on whether FuelCell Energy and certain top\nexecutives—including CEO Jason B. Few and CFO Michael S. Bishop—violated\nthe Securities Exchange Act of 1934 by making materially false and misleading\nstatements regarding the company’s manufacturing capacity, production\neconomics, and a major commercial agreement.\n\nSpecifically, the action alleges that throughout the Class Period, defendants\ntouted a high-profile Capital Equipment Purchase Agreement (CEPA) announced on\nJune 24, 2026, under which FuelCell agreed to supply carbonate fuel cell block\nsystems for up to 380 megawatts (MW) of clean, baseload on-site power for data\ncenters to Fit Energy USA LP (beginning with an initial 30 MW phase).\nConcurrently, FuelCell capitalized on the market enthusiasm by completing a\nmassive underwritten public offering of over 12 million shares of common stock\nat $21 per share, raising roughly $245.5 million in net proceeds.\n\nHowever, the complaint alleges that defendants failed to disclose critical\noperational realities to investors:\n* That FuelCell’s actual manufacturing capacity was wholly inadequate to\ngenerate the production rates required under the Fit Energy CEPA;\n* That the lagging production volume meant product costs and manufacturing\noverhead heavily exceeded the contractual pricing, locking the company into\nsevere gross losses; and\n* That the company was tracking multi-million-dollar charges and inventory\ncommitments tied to Phase 0 of the agreement that would decimate its quarterly\nprofitability.\nThe truth emerged before the market opened on September 2, 2026, when FuelCell\nreported its fiscal third-quarter 2026 financial results. The company revealed\na staggering net loss of $45.3 million and a massive jump in gross\nlosses—driven by $17 million in charges recorded for Phase 0 of the Fit\nEnergy CEPA because current product costs and overhead exceeded contract\npricing.\n\nFollowing these disclosures, the price of FuelCell stock plummeted nearly 16%\nin a single trading session, severely damaging shareholders.\n\nWhat Can FuelCell Investors Do?\n\nIf you purchased FCEL securities between June 24, 2026, and September 1, 2026,\nyou may be eligible to participate in the lawsuit as a lead plaintiff.\n\nThe Private Securities Litigation Reform Act of 1995 permits any investor who\nsuffered financial losses to seek appointment as lead plaintiff. You do not\nneed to sell your shares to join the class action.\n* Click Here To Submit Your Losses\n(https://www.hbsslaw.com/cases/fuelcell-energy-inc-fcel-securities-class-action)\n* Click Here to Discuss Your Legal Rights (mailto:FCEL@hbsslaw.com): Contact\nHagens Berman attorneys to learn more about the case, the lead plaintiff\ntimeline, and your options.\n“We’re focused on whether FuelCell may have misled investors about its\nmanufacturing capabilities, as the suit alleges,” said Reed Kathrein\n(https://www.globenewswire.com/Tracker?data=rc_1knn5xh8syLP8fj4mpBOQ4MZsM9SnVH7_B7WFOEANauxjvHehgc576B4hBW5pmbu4OXKulHxeX7oBGrof3ghCSqfx6c2ADXxsCVNTXGrWeZkkQzvNS1026D51Bhhy),\nthe Hagens Berman partner leading the firm’s investigation of the claims in\nthe pending suit.\n\nWhistleblowers: Persons with non-public information regarding FuelCell should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email FCEL@hbsslaw.com.\n\nAbout Hagens Berman\n(https://www.globenewswire.com/Tracker?data=kr1RrdXn_ihguBdAmiSo8zDRD80D7IBUK2rwxtIbr0QhuUCoRV0ABnE3c7ZLifkXzQYSlpEQoauCzn3I8H-_q2AdoMF_eIRHUU_YjA9TGu8=)\nHagens Berman is a global plaintiffs’ rights complex litigation firm\nfocusing on corporate accountability. The firm is home to a robust practice\nand represents investors as well as whistleblowers, workers, consumers and\nothers in cases achieving real results for those harmed by corporate\nnegligence and other wrongdoings. Hagens Berman’s team has secured more than\n$2.9 billion in this area of law. More about the firm and its successes can be\nfound at hbsslaw.com\n(https://www.globenewswire.com/Tracker?data=qPGvZswPvRUTHUIKyHFjl2D9GtUDCezuUZAvBKZ7dxqeJdHpLmlI36ngJS5TgVhLMTl6PTOlf5_LSknqx79e5A==).\nFollow the firm for updates and news at @ClassActionLaw. \n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nContact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300,\nBerkeley, CA 94710, 844-916-0895, FCEL@hbsslaw.com\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/e0a67faa-31f9-4333-829a-fe52b3547e98\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43)\nFuelCell Energy, Inc. (FCEL) Securities Class Action \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e0a67faa-31f9-4333-829a-fe52b3547e98/en)\nHagens Berman Highlights Lawsuit Targeting FuelCell Energy, Inc. (FCEL) Over\nAlleged Misleading Statements\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7Gtr27-20260916","title":"FuelCell (NASDAQ: FCEL) Scrutinized Over Fit Energy Disclosures Driving Stock Down 15% -- HBSS","author":"Globe Newswire","ticker":"FCEL","created":"2026-09-16T19:27:56.093Z","tickers":["FCEL"],"exchange":"NASDAQ","article_body":"SAN FRANCISCO, Sept. 16, 2026 (GLOBE NEWSWIRE) -- National trial law firm\nHagens Berman alerts investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a\nsecurities class action has been filed, and reminds investors that they have\nuntil November 10, 2026, to seek appointment as lead plaintiff.\n\nIf you purchased or acquired FuelCell securities during the Class Period and\nsuffered significant financial losses, submit your losses now\n(https://www.globenewswire.com/Tracker?data=GLjasSYJWGvD8yggfdaMT5WAYZqUWhloFO5N3XlbKYPY6hL5MvZ2gAwJX1bOTJoyP2cfbJnMnKbZDwhqod2oiUNg6sEnXXKW4YkIDl0-Lqpaf4KX_pker7oF88u7ZCQMX8trViqKJdyhHPyp-cDjjyt6voUB0vb5RYfiMrXW27w=).\n\nRead Hagens Berman's detailed analysis\n(https://www.globenewswire.com/Tracker?data=bldFrzrWirMzdSJE5yRM0uCU2fFDwGu_jOsisvUOpTCCl1N_C5X5xPX7deRcLIVlnIfpC4ItyzeKwaPEy1699E4H7fzuJUdzb91XJG7ywcTCGcv5-p3Hrc327tz99y1Pgqlhqxa08Y16fR94aoYsollRC-pU-Xv1VgLmMusslA-muF1PJLrg2Y99KkmOjYrws2RiAzwETiMy88iGvXWcSA==)\non the alleged securities fraud surrounding FuelCell Energy's Fit Energy\ncontract.\n\nKey Details\n* Class Period: June 24, 2026 – Sept. 1, 2026\n* Lead Plaintiff Deadline: Nov. 10, 2026\n* Visit: www.hbsslaw.com/fcel\n* Direct Contact Email: FCEL@hbsslaw.com\n* Firm Telephone: 844-916-0895\nWhat is the FuelCell Securities Class Action About?\n\nThe lawsuit focuses on whether FuelCell Energy and certain top\nexecutives—including CEO Jason B. Few and CFO Michael S. Bishop—violated\nthe Securities Exchange Act of 1934 by making materially false and misleading\nstatements regarding the company’s manufacturing capacity, production\neconomics, and a major commercial agreement.\n\nSpecifically, the action alleges that throughout the Class Period, defendants\ntouted a high-profile Capital Equipment Purchase Agreement (CEPA) announced on\nJune 24, 2026, under which FuelCell agreed to supply carbonate fuel cell block\nsystems for up to 380 megawatts (MW) of clean, baseload on-site power for data\ncenters to Fit Energy USA LP (beginning with an initial 30 MW phase).\nConcurrently, FuelCell capitalized on the market enthusiasm by completing a\nmassive underwritten public offering of over 12 million shares of common stock\nat $21 per share, raising roughly $245.5 million in net proceeds.\n\nHowever, the complaint alleges that defendants failed to disclose critical\noperational realities to investors:\n* That FuelCell’s actual manufacturing capacity was wholly inadequate to\ngenerate the production rates required under the Fit Energy CEPA;\n* That the lagging production volume meant product costs and manufacturing\noverhead heavily exceeded the contractual pricing, locking the company into\nsevere gross losses; and\n* That the company was tracking multi-million-dollar charges and inventory\ncommitments tied to Phase 0 of the agreement that would decimate its quarterly\nprofitability.\nThe truth emerged before the market opened on September 2, 2026, when FuelCell\nreported its fiscal third-quarter 2026 financial results. The company revealed\na staggering net loss of $45.3 million and a massive jump in gross\nlosses—driven by $17 million in charges recorded for Phase 0 of the Fit\nEnergy CEPA because current product costs and overhead exceeded contract\npricing.\n\nFollowing these disclosures, the price of FuelCell stock plummeted nearly 16%\nin a single trading session, severely damaging shareholders.\n\nWhat Can FuelCell Investors Do?\n\nIf you purchased FCEL securities between June 24, 2026, and September 1, 2026,\nyou may be eligible to participate in the lawsuit as a lead plaintiff.\n\nThe Private Securities Litigation Reform Act of 1995 permits any investor who\nsuffered financial losses to seek appointment as lead plaintiff. You do not\nneed to sell your shares to join the class action.\n* Click Here To Submit Your Losses\n(https://www.hbsslaw.com/cases/fuelcell-energy-inc-fcel-securities-class-action)\n* Click Here to Discuss Your Legal Rights (mailto:FCEL@hbsslaw.com): Contact\nHagens Berman attorneys to learn more about the case, the lead plaintiff\ntimeline, and your options.\n“We’re focused on whether FuelCell may have misled investors about its\nmanufacturing capabilities, as the suit alleges,” said Reed Kathrein\n(https://www.globenewswire.com/Tracker?data=rc_1knn5xh8syLP8fj4mpBOQ4MZsM9SnVH7_B7WFOEANauxjvHehgc576B4hBW5pmbu4OXKulHxeX7oBGrof3ghCSqfx6c2ADXxsCVNTXGrWeZkkQzvNS1026D51Bhhy),\nthe Hagens Berman partner leading the firm’s investigation of the claims in\nthe pending suit.\n\nWhistleblowers: Persons with non-public information regarding FuelCell should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email FCEL@hbsslaw.com.\n\nAbout Hagens Berman\n(https://www.globenewswire.com/Tracker?data=kr1RrdXn_ihguBdAmiSo8zDRD80D7IBUK2rwxtIbr0QhuUCoRV0ABnE3c7ZLifkXzQYSlpEQoauCzn3I8H-_q2AdoMF_eIRHUU_YjA9TGu8=)\nHagens Berman is a global plaintiffs’ rights complex litigation firm\nfocusing on corporate accountability. The firm is home to a robust practice\nand represents investors as well as whistleblowers, workers, consumers and\nothers in cases achieving real results for those harmed by corporate\nnegligence and other wrongdoings. Hagens Berman’s team has secured more than\n$2.9 billion in this area of law. More about the firm and its successes can be\nfound at hbsslaw.com\n(https://www.globenewswire.com/Tracker?data=qPGvZswPvRUTHUIKyHFjl2D9GtUDCezuUZAvBKZ7dxqeJdHpLmlI36ngJS5TgVhLMTl6PTOlf5_LSknqx79e5A==).\nFollow the firm for updates and news at @ClassActionLaw. \n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nContact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300,\nBerkeley, CA 94710, 844-916-0895, FCEL@hbsslaw.com\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/e0a67faa-31f9-4333-829a-fe52b3547e98\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43)\nFuelCell Energy, Inc. (FCEL) Securities Class Action \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e0a67faa-31f9-4333-829a-fe52b3547e98/en)\nHagens Berman Highlights Lawsuit Targeting FuelCell Energy, Inc. (FCEL) Over\nAlleged Misleading Statements\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-16T19:27:56.129227088Z","server_sent_at_ms":1789586876129},"received_at":"2026-09-16T19:27:56.186Z","source_url":null},"analysis":{"id":"134407","press_release_id":"145575","analysis_json":{"industry":{"label":"Electrical Equipment","sector":"Industrials"},"redFlags":["securities class action alleges FCEL misled investors on manufacturing capacity and production economics of the Fit Energy CEPA","$245.5M offering (12M shares at $21) completed during the class period, exposing offering participants to claims","Q3 FY26 net loss of $45.3M including $17M Phase 0 charges; stock fell nearly 16% on the disclosure"],"eventType":"legal_litigation","narrative":"Hagens Berman announced a securities class action against FuelCell Energy (NASDAQ: FCEL), alerting investors to a lead plaintiff deadline of November 10, 2026 for a class period running June 24 through September 1, 2026.\n\nThe complaint alleges CEO Jason Few and CFO Michael Bishop made materially misleading statements about manufacturing capacity and production economics tied to the Fit Energy CEPA, an agreement to supply up to 380 MW of fuel cell systems for data centers beginning with an initial 30 MW phase.\n\nThe catalyst was the September 2, 2026 disclosure of a fiscal Q3 net loss of $45.3 million, including $17 million of Phase 0 charges because product costs exceeded contract pricing; the stock fell nearly 16% in a single session.\n\nThis is a plaintiff-law-firm solicitation rather than a company disclosure — no class has been certified and no settlement exists.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation — suppress; underlying allegations retrace the already-reported Q3 FY26 loss and Fit Energy CEPA capacity claims."},"keyFigures":{"customDimensions":{"class_period":"June 24, 2026 – September 1, 2026","cepa_capacity":"up to 380 MW","offering_price":"$21 per share","offering_shares":"over 12 million shares","phase_0_charges":"$17 million","cepa_initial_phase":"30 MW","one_day_stock_drop":"nearly 16%","q3_fy2026_net_loss":"$45.3 million","offering_net_proceeds":"$245.5 million","lead_plaintiff_deadline":"November 10, 2026"}},"quotedText":"We’re focused on whether FuelCell may have misled investors about its manufacturing capabilities, as the suit alleges","namedEntities":{"people":[{"name":"Jason B. Few","role":"CEO, FuelCell Energy"},{"name":"Michael S. Bishop","role":"CFO, FuelCell Energy"},{"name":"Reed Kathrein","role":"Hagens Berman partner leading the investigation"}],"products":["carbonate fuel cell block systems"],"companies":[{"name":"FuelCell Energy, Inc.","ticker":"FCEL","relationship":"target of securities class action"},{"name":"Hagens Berman","relationship":"plaintiff law firm (release author)"},{"name":"Fit Energy USA LP","relationship":"CEPA counterparty named in complaint"}],"dollarAmounts":[{"amount":"$45.3 million","context":"fiscal Q3 2026 net loss disclosed September 2, 2026"},{"amount":"$17 million","context":"charges recorded for Phase 0 of the Fit Energy CEPA"},{"amount":"$245.5 million","context":"net proceeds of underwritten public offering completed during class period"},{"amount":"$21 per share","context":"price of the 12-million-share public offering"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff-law-firm solicitation issued by Hagens Berman announcing a securities class action filing and lead-plaintiff deadline; no new issuer disclosure, no certified class, and no settlement. Score 1 per the downscore path."},"tickerRelevance":{"others":[],"primary":"FCEL"},"globalImportance":18,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"plaintiff-law-firm class-action solicitation","issuerAuthored":false,"underlyingEvent":"securities fraud suit tied to Fit Energy CEPA disclosures and September 2 Q3 FY26 loss","retailFavoriteBoost":"moderate — FCEL has a retail following"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Hagens Berman announced a securities class action against FuelCell Energy (NASDAQ: FCEL), alerting investors to a lead plaintiff deadline of November 10, 2026 for a class period running June 24 through September 1, 2026.\n\nThe complaint alleges CEO Jason Few and CFO Michael Bishop made materially misleading statements about manufacturing capacity and production economics tied to the Fit Energy CEPA, an agreement to supply up to 380 MW of fuel cell systems for data centers beginning with an initial 30 MW phase.\n\nThe catalyst was the September 2, 2026 disclosure of a fiscal Q3 net loss of $45.3 million, including $17 million of Phase 0 charges because product costs exceeded contract pricing; the stock fell nearly 16% in a single session.\n\nThis is a plaintiff-law-firm solicitation rather than a company disclosure — no class has been certified and no settlement exists.","key_figures":{"customDimensions":{"class_period":"June 24, 2026 – September 1, 2026","cepa_capacity":"up to 380 MW","offering_price":"$21 per share","offering_shares":"over 12 million shares","phase_0_charges":"$17 million","cepa_initial_phase":"30 MW","one_day_stock_drop":"nearly 16%","q3_fy2026_net_loss":"$45.3 million","offering_net_proceeds":"$245.5 million","lead_plaintiff_deadline":"November 10, 2026"}},"named_entities":{"people":[{"name":"Jason B. Few","role":"CEO, FuelCell Energy"},{"name":"Michael S. Bishop","role":"CFO, FuelCell Energy"},{"name":"Reed Kathrein","role":"Hagens Berman partner leading the investigation"}],"products":["carbonate fuel cell block systems"],"companies":[{"name":"FuelCell Energy, Inc.","ticker":"FCEL","relationship":"target of securities class action"},{"name":"Hagens Berman","relationship":"plaintiff law firm (release author)"},{"name":"Fit Energy USA LP","relationship":"CEPA counterparty named in complaint"}],"dollarAmounts":[{"amount":"$45.3 million","context":"fiscal Q3 2026 net loss disclosed September 2, 2026"},{"amount":"$17 million","context":"charges recorded for Phase 0 of the Fit Energy CEPA"},{"amount":"$245.5 million","context":"net proceeds of underwritten public offering completed during class period"},{"amount":"$21 per share","context":"price of the 12-million-share public offering"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-16T19:28:35.748Z","global_importance":18,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"plaintiff-law-firm class-action solicitation","issuerAuthored":false,"underlyingEvent":"securities fraud suit tied to Fit Energy CEPA disclosures and September 2 Q3 FY26 loss","retailFavoriteBoost":"moderate — FCEL has a retail following"}},"durationMs":39552,"modelName":"glm-5.3-flash"}}