FuelCell Energy CFO Transition Announced

DANBURY, Conn., Oct. 07, 2026 /CourierPR/ -- FuelCell Energy, a clean energy technology company, announced a significant leadership transition. Michael Bishop, who served as the company’s Executive Vice President, Chief Financial Officer, and Treasurer for 15 years, will step down from his role on October 7, 2026. Bishop, who has been with the company for over two decades, will remain as a senior advisor until the 2027 Annual Meeting of Stockholders to ensure a smooth transition.

FuelCell Energy’s President and CEO, Jason Few, praised Bishop for his leadership and contributions.

FuelCell Energy’s focus remains on converting its growing commercial pipeline, driven by demand for reliable, always-on power for AI and data center infrastructure, into durable growth. The company is committed to scaling manufacturing, advancing customer financing structures, and maintaining disciplined capital allocation, liquidity, and balance sheet strength. FuelCell Energy reaffirmed its target of achieving positive Adjusted EBITDA results in the fourth quarter of fiscal 2027, subject to the planned increase in annualized production rate, the conversion of awarded capacity backlog into committed backlog, customer delivery schedules, and continued execution of the company’s cost reduction initiatives.

The company’s forward-looking statements, including the projected financial results and plans for the future, are subject to risks and uncertainties. These include general risks associated with product development and manufacturing, changes in the utility regulatory environment, and potential volatility of commodity prices. FuelCell Energy remains focused on delivering commercially proven, modular, utility-scale systems to meet the growing demand for reliable, low-emissions power.

The company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025, contains detailed information about the risks and uncertainties that may affect the company’s future financial performance. The forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, including those described in the company’s filings with the Securities and Exchange Commission.