Hagens Berman and Kirby McInerney are separately investigating FuelCell Energy, Inc. and, in Kirby’s inquiry, members of senior management, over possible federal securities-law violations and alleged inadequate disclosure of the economics of its capital equipment purchase agreement with Fit Energy. The investigations followed FuelCell’s September 2, 2026 Quarterly Report, which disclosed approximately $17 million in inventory and firm-purchase-commitment charges associated with the initial 30 MW phase of the agreement. FuelCell reported a $24.5 million gross loss for the three months ended July 31, 2026, compared with $5.1 million a year earlier, saying product costs and manufacturing overhead exceeded contractual pricing. Its shares fell $2.68, or 15.7%, to close at $14.40, about 31% below the $21 price in a July offering. No lawsuit has been filed, and Kirby said its investigation is ongoing; Hagens Berman is also seeking information from investors and people with non-public information, including potential SEC Whistleblower submissions that may qualify for rewards of up to 30% of a successful SEC recovery.