The Law Offices of Frank R. Cruz announces an investigation of FuelCell Energy, Inc. (“FuelCell” or the “Company”) (NASDAQ: FCEL) on behalf of investors concerning the Company’s possible violations of federal securities laws.

On September 2, 2026, FuelCell reported its fiscal third-quarter results. The Company reported, among other things, that revenue fell 29% year over year to $33 million, primarily due to lower product sales caused by fewer module deliveries to customers in South Korea. FuelCell further reported it saw a gross loss from product revenues for the quarter reflecting  that product costs and manufacturing overhead currently exceeded the contractual pricing established under the Fit Energy agreement. FuelCell recognized approximately $17 million in charges related to the initial 30 MW phase of that agreement.

On this news, FuelCell shares fell $2.68 or 15.69% to close at $14.40 on September 2, 2026, thereby injuring investors.