FCEL Shareholder Alert: FuelCell Energy, Inc. Securities Class Action Lawsuit - Investors With Losses May Contact Levi & Korsinsky

Alert: FuelCell Energy shares fell $2.68, or 15.69%, in a single session on unusually heavy volume after the Company disclosed a $17.0 million charge tied to its Fit Energy agreement, and the class action alleges the underlying production shortfall was not disclosed to investors.

NEW YORK, Oct. 7, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP reminds purchasers of FuelCell Energy, Inc. (NASDAQ: FCEL) securities that a securities class action is pending on behalf of shareholders who acquired shares between June 24, 2026 and September 1, 2026. Find out if you may qualify to recover losses. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.

FCEL closed at $14.40 per share on September 2, 2026, a one-day decline of $2.68, or 15.69%, on unusually heavy trading volume. That close was approximately $21.61 below the Class Period high of $36.01 per share reached on June 30, 2026. To be considered for lead plaintiff, investors must file by November 10, 2026.

What Moved FCEL Shares on September 2

Before the market opened that morning, FuelCell Energy reported fiscal third quarter 2026 results showing revenue of $33.0 million, a decrease of approximately 29% from the prior year quarter, and a gross loss of $(24.5) million, an increase of approximately 377%. The Company reported a net loss of $45.3 million, or $(0.64) per share, and recorded charges totaling $17.0 million tied to contractual pricing provisions on inventory and firm purchase commitments arising from Phase 0 of the Capital Equipment Purchase Agreement with Fit Energy. The Company stated that per-unit product costs reflected an annualized production rate of approximately 37.1 MW, which "remains below the production volume at which we expect our cost structure to align with market-based pricing for orders of this scale."

The Trading Session by the Numbers

• Closing price of $14.40 per share on September 2, 2026, down $2.68 per share
• Single-session decline of 15.69%, accompanied by unusually heavy trading volume
• Class Period high of $36.01 per share on June 30, 2026
• Third quarter revenue of $33.0 million, down approximately 29% year over year
• Gross loss of $(24.5) million, an increase of approximately 377% year over year
• A $17.0 million charge attributed to Phase 0 of the Fit Energy agreement

Why the Repricing Matters to Class Period Buyers

The lawsuit contends that shares traded at artificially inflated prices during the Class Period because the Company did not disclose that manufacturing capacity was inadequate to reach the production rate required under the Fit Energy agreement, and that higher product costs and manufacturing overhead were a known trend affecting profitability. Shareholders who bought between June 24, 2026 and September 1, 2026 and held into the September 2 session absorbed the resulting decline in value.

"A 15.69% single-session decline on unusually heavy volume shows how quickly a market reprices a company when production economics come into view. The complaint alleges that the cost and capacity problems behind FuelCell Energy's $17.0 million charge were affecting the business before the September 2 report reached the investing public." -- Joseph E. Levi, Esq.

Submit your information here or call (212) 363-7500.

ABOUT THE FIRM — For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years. Investors who suffered losses have until November 10, 2026 to seek appointment as lead plaintiff.

Frequently Asked Questions About the FCEL Lawsuit

Q: Who are the defendants named in the FCEL lawsuit? A: The complaint names FuelCell Energy, Inc. and individual defendants including senior executives, CEO Jason B. Few and CFO Michael S. Bishop.

Q: How much did FCEL stock drop? A: Shares fell approximately 15.69%, a decline of $2.68 per share, after the Company disclosed fiscal third quarter 2026 results including a $45.3 million net loss and a $17.0 million charge tied to contractual pricing provisions under the Fit Energy CEPA. Investors who purchased shares during the Class Period at artificially inflated prices and suffered losses may be eligible to seek compensation.

Q: What court was the FCEL class action filed in? A: The case was filed in the United States District Court for the Southern District of New York, governed by the Private Securities Litigation Reform Act of 1995.

Q: What do FCEL investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What if I already sold my FCEL shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

Q: How long will the lawsuit take to resolve? A: Securities class actions typically take two to four years from initial filing to resolution. Timing depends on the court schedule, case developments, and whether the matter is dismissed, settled, or litigated further.

CONTACT:\

Levi & Korsinsky, LLP\

Joseph E. Levi, Esq.\

Ed Korsinsky, Esq.\

33 Whitehall Street, 27th Floor\

New York, NY 10004\

[email protected]\

Tel: (212) 363-7500\

Fax: (212) 363-7171

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SOURCE Levi & Korsinsky, LLP