FuelCell Energy CFO Michael Bishop to Step Down, to Be Succeeded by Matthew Latino; Shares Drop Pre-Bell
MT newswire2026/10/07 12:4908:49 AM EDT, 10/07/2026 (MT Newswires) -- FuelCell Energy (FCEL) said Wednesday that chief financial officer Michael Bishop will step down and be succeeded by Matthew Latino, effective the same day. Bishop will remain with FuelCell as a senior advisor through the company's 2027 annual meeting of the stockholders, the company said. Latino was most recently segment CFO of Xylem's (XYL) Measurement & Control Solutions business, the company said. FuelCell said it continues to target achieving positive adjusted Ebitda results in Q4 of fiscal 2027, subject to a planned increase in annualized production rate, conversion of awarded capacity backlog, among others. Shares of the company were down 7% in recent Wednesday premarket activity.
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