NEW YORK, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of FuelCell Energy, Inc. (“FuelCell” or the “Company”) (NASDAQ: FCEL). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether FuelCell and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On June 24, 2026, FuelCell and Fit Energy USA LP (“Fit Energy”) issued a press release “announc[ing] a strategic agreement for up to 380 megawatts (MW) of clean, baseload on-site power for data centers using FuelCell Energy’s utility-scale fuel cell technology” which “includes an immediate deposit for an initial 30 MW of power scheduled to begin delivery later this year.” Then, on September 2, 2026, FuelCell reported its fiscal third-quarter results and disclosed that its product costs and manufacturing overhead currently exceeded the contractual pricing established under the Fit Energy agreement. FuelCell recorded approximately $17 million in charges associated with the initial 30 MW phase, consisting of approximately $4 million to reduce the carrying value of certain inventory to net realizable value and approximately $13 million for losses on firm purchase commitments.
On this news, FuelCell’s stock price fell $2.68 per share, or 15.69%, to close at $14.40 per share on September 2, 2026.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
