FuelCell Energy picks Matthew Latino as its new CFO and sticks to its goal of making a profit by 2027.

Oct 7, 2026, 12:40 PM ETNew bossRead the original at Benzinga

Bad for FCEL

FuelCell Energy’s sales fell about 29%, and its adjusted loss grew, making its 2027 profit goal harder to reach. It repeated the goal and named an experienced CFO, but reaching it depends on future production, customer orders, and cost cuts.

FCEL · FuelCell Energy, Inc.

AI read · Bad for FCEL

The AI's read

FuelCell Energy has a harder road to its stated profit goal. Sales fell about 29%, and its adjusted loss grew from $16.4 million to $36.7 million. The company repeated its 2027 goal and cited AI power demand. It also reported $737 million in cash and restricted cash. But reaching the goal depends on more production, customer orders, and cost cuts. The new CFO’s experience may help the transition, but these plans do not erase the weaker latest results.

XYL · Xylem Inc.

AI read · Neutral

The connection

The story says Matthew Latino left Xylem for FuelCell Energy, but reports no change to Xylem’s business or results. It does not change Xylem’s outlook.

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