Update: FuelCell Energy Shares Fall After CFO Transition
MT newswire2026/10/07 18:3402:34 PM EDT, 10/07/2026 (MT Newswires) -- (Updates with the company's latest stock move in the headline and the first paragraph.) FuelCell Energy (FCEL) shares were down more than 13% in Wednesday trading after it said 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. Latino was most recently the segment CFO of Xylem's (XYL) Measurement & Control Solutions business. 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. Price: 17.86, Change: -2.79, Percent Change: -13.51
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