Kaplan Fox & Kilsheimer LLP Encourages FuelCell Energy, Inc. (FCEL) Investors to Contact the Firm Regarding Potential Securities Law Violations Ready to Announce with Confidence?
New York, New York--(Newsfile Corp. - September 3, 2026) - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against FuelCell Energy, Inc. ("FuelCell" or the "Company") (NASDAQ: FCEL).
CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION
If you are a FuelCell investor and have suffered losses, or if you have information that could assist in the FuelCell investigation, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
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."
On or around July 9, 2026, FuelCell completed an underwritten public offering of common stock, selling over 12 million shares at $21 per share for net proceeds of about $245.5 million
Then, on September 2, 2026, FuelCell reported financial results for fiscal third quarter 2026 for the quarter ending July 31, 2026. During the earnings calls, FuelCell's Chief Financial Officer ("CFO") disclosed that the "the primary driver" of the Company's "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 fiscal 2025" was "$17 million of charges recorded during the quarter, consisting of approximately $4 million to reduce the carrying value of certain inventories to net realizable, and approximately $13 million for losses on firm purchase commitments." Further, FuelCell's CFO stated "[b]oth were recorded in connection with Phase 0 of our CEPA with [Fit Energy] due to the fact that our current product costs and manufacturing overhead exceed the contractual pricing established under that agreement."
Following this news, the price of FuelCell stock fell $2.68 per share, or 15.7%, to close at $14.40 per share on September 2, 2026.
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 investigation, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
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.
https://www.kaplanfox.com/case/fuelcell-energy-inc-nasdaq-fcel-investor-alert-learn-more-now/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312847
Source: Kaplan Fox & Kilsheimer LLP
Analyst, journalist, or company stakeholder? Sign up to receive news releases by email for Kaplan Fox & Kilsheimer LLP or all companies in the Legal industry.
Kaplan Fox & Kilsheimer LLP Encourages FuelCell Energy, Inc. (FCEL) Investors to Contact the Firm Regarding Potential Securities Law Violations
2026-09-03 2:15 PM EDT
Kaplan Fox Encourages Investors of Rackspace Technology, Inc. (RXT) to Act Ahead of the Lead Plaintiff Deadline on September 28, 2026
2026-09-03 2:15 PM EDT
Kaplan Fox Alerts Investors of GPGI, Inc. (GPGI) to an Upcoming Deadline of September 14, 2026 in the Securities Class Action
2026-09-03 1:15 PM EDT
Jun 30, 2026
Disclosure Intelligence Series How disclosure works in modern capital markets When a press release is distributed, most issuer teams consider the communication complete. But in reality, this is the point at which another audience begins reading it. Search engines, AI models, financial data platforms, and brokerage systems start processing corporate announcements within seconds of publication. Before many investors read a press release, machines identify companies, extract key facts,...
Litigation and Regulation
Legal