Portnoy Law Firm Announces Class Action on Behalf of FuelCell Energy, Inc. Investors
The Portnoy Law Firm announced a class action against FuelCell Energy on behalf of investors who bought FCEL shares between June 24, 2026 and September 1, 2026, with a November 10, 2026 lead plaintiff deadline. The complaint alleges FuelCell promoted a 380 MW data-center power agreement with Fit Energy USA while concealing that it lacked manufacturing capacity to fulfill it, resulting in gross losses and $17 million in Phase 0 charges.
Key figures
- Offering shares
- more than 12 million
- Phase 0 charges
- 17000000
- Cepa capacity mw
- 380
- Class period end
- September 1, 2026
- Class period start
- June 24, 2026
- Fiscal q3 net loss
- 45300000
- Initial tranche mw
- 30
- Share price drop pct
- 16%
- Offering net proceeds
- $245.5 million
- Lead plaintiff deadline
- November 10, 2026
- Offering price per share
- 21
AI analysis
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