HC Wainwright Brokers Lift Earnings Estimates for Fuel Tech

Fuel Tech, Inc. (NASDAQ:FTEK) – Research analysts at HC Wainwright boosted their FY2028 EPS estimates for Fuel Tech in a research note issued to investors on Thursday, November 6th. HC Wainwright analyst A. Dayal now expects that the industrial products company will post earnings of $0.10 per share for the year, up from their prior estimate of $0.08. The consensus estimate for Fuel Tech’s current full-year earnings is ($0.03) per share. HC Wainwright also issued estimates for Fuel Tech’s FY2029 earnings at $0.17 EPS.

Fuel Tech (NASDAQ:FTEK) last posted its earnings results on Tuesday, November 4th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $7.49 million for the quarter, compared to analyst estimates of $9.39 million. Fuel Tech had a negative net margin of 12.89% and a negative return on equity of 7.70%.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Fuel Tech in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.00.

Fuel Tech Stock Down 6.3%

FTEK stock traded down $0.13 during mid-day trading on Friday, reaching $1.99. 339,927 shares of the stock traded hands, compared to its average volume of 266,598. The firm has a market capitalization of $61.71 million, a PE ratio of -19.86 and a beta of 4.86. The business has a 50-day moving average of $2.97 and a two-hundred day moving average of $2.41. Fuel Tech has a 52 week low of $0.87 and a 52 week high of $3.65.

Institutional Investors Weigh In On Fuel Tech

Institutional investors have recently bought and sold shares of the business. Corsair Capital Management L.P. bought a new stake in Fuel Tech in the 2nd quarter valued at $25,000. Covestor Ltd bought a new position in shares of Fuel Tech during the 3rd quarter worth about $40,000. Marshall Wace LLP acquired a new stake in shares of Fuel Tech during the 2nd quarter valued at about $63,000. Essex Investment Management Co. LLC boosted its position in shares of Fuel Tech by 11.8% during the 1st quarter. Essex Investment Management Co. LLC now owns 124,241 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 13,106 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Fuel Tech by 3.6% in the second quarter. Geode Capital Management LLC now owns 517,658 shares of the industrial products company’s stock valued at $1,305,000 after acquiring an additional 17,766 shares during the period. Institutional investors and hedge funds own 20.94% of the company’s stock.

About Fuel Tech

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company operates through Air Pollution Control Technology and FUEL CHEM Technology segments. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems.