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Update on FuelCell Energy Investor Alert

Hagens Berman, a national trial law firm, has issued an important alert to investors of FuelCell Energy, Inc. (NASDAQ: FCEL) regarding a securities class action that has been initiated. Investors are reminded that the deadline to file for lead plaintiff status is approaching on November 10, 2026. This is a critical opportunity for affected shareholders to participate in this action and seek recovery for their financial losses.

Key Information

The class action encompasses those who acquired FuelCell Energy's securities between June 24, 2026, and September 1, 2026. During this period, various alleged misleading statements were made by the company and its senior executives about their operational abilities and financial health, particularly relating to a significant agreement with Fit Energy USA LP. The firm is urging any investor who suffered significant losses during this timeframe to come forward and submit their information for consideration.

Details of the Allegations

The lawsuit centers on accusations that FuelCell and its key executives, including CEO Jason B. Few and CFO Michael S. Bishop, may have violated the Securities Exchange Act of 1934. The allegations claim that they misled investors concerning the company's manufacturing capacities and production economics, particularly regarding a notable Capital Equipment Purchase Agreement (CEPA) from June 24, 2026. This agreement reportedly involved FuelCell providing systems to generate up to 380 megawatts (MW) of clean energy, starting with an initial phase of 30 MW.

Despite the assurance from management, the complaint asserts that FuelCell did not disclose vital information such as:

• - Its actual manufacturing capacity being insufficient to meet the production needs included in the agreement.
• - The high operational costs which far exceeded the contract pricing, leading the company into substantial gross losses, and
• - Important commitments and charges associated with the project's initial phase, negatively impacting overall profitability.

The reality came to light when FuelCell released its fiscal third-quarter results on September 2, 2026, revealing a staggering $45.3 million loss and sharp increases in gross losses linked to the engagement with Fit Energy. This revelation led to a nearly 16% drop in the stock price in a single trading day, severely affecting shareholders' investments.

Actions for Investors

Investors who purchased shares of FCEL within the specified time frame and experienced a loss are encouraged to consider their rights under the Private Securities Litigation Reform Act of 1995. This act allows investors to seek the role of lead plaintiff and present their claims in court. It is important to note that selling shares is not a prerequisite for joining this class action lawsuit.

Interested investors can seek guidance to understand their options better and discuss the allegations against FuelCell Energy. Hagens Berman emphasizes its commitment to representing investors who may have been misled about FuelCell's operational capabilities and financial data.

Contact Information

Hagens Berman is working actively to ensure that all eligible investors are informed and stand a chance at recovery. They encourage individuals with detailed information on FuelCell’s operations or financial disclosures to come forward as whistleblowers, as this information may help the lawsuit significantly. Whistleblowers may be rewarded under the SEC’s program for providing original tips that lead to successful outcomes in securities recovery.

For additional information, investors can contact the firm via email at [email protected] or by phone at 844-916-0895.

About Hagens Berman

Hagens Berman is a global law firm dedicated to protecting plaintiffs' rights against corporate negligence and wrongdoing. With a wealth of resources and a noted history of over $2.9 billion in recoveries, the firm champions the cause of investors and consumers nationwide. More about their initiatives and legal success can be accessed at hbsslaw.com. For real-time updates, follow them on social media @ClassActionLaw.

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