The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of FuelCell Energy, Inc. (“FuelCell” or the “Company”) (NASDAQ: FCEL) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws or other unlawful business practices.

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What Happened?

On September 2, 2026, FuelCell filed its Quarterly Report, disclosing approximately $17 million in inventory and firm-purchase-commitment charges associated with the initial 30 MW phase of its Fit Energy agreement. Announced on June 24, 2026, the Fit Energy agreement contemplates up to 380 MW of fuel cell systems across four phases, with the initial phase covering 30 MW. FuelCell further revealed that its product costs and manufacturing overhead currently exceed the contractual pricing established under the Fit Energy agreement, stating, “The gross loss from product revenues for the three months ended July 31, 2026 reflects product costs and manufacturing overhead that currently exceed the contractual pricing established under the CEPA with Fit.” On this news, FuelCell’s stock price fell $2.68, or 15.7%, to close at $14.40 per share on September 2, 2026.

What Should I Do?

At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.

If you purchased or otherwise acquired FuelCell securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

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Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

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