Fuel Tech, Inc. (NASDAQ:FTEK – Free Report) – Analysts at HC Wainwright decreased their FY2030 earnings estimates for shares of Fuel Tech in a research note issued on Thursday, November 5th. HC Wainwright analyst A. Dayal now forecasts that the industrial products company will post earnings per share of $0.09 for the year, down from their prior forecast of $0.10. The consensus estimate for Fuel Tech’s current full-year earnings is ($0.13) per share.
Fuel Tech (NASDAQ:FTEK – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Fuel Tech had a negative net margin of 14.22% and a negative return on equity of 10.59%. The firm had revenue of $8.68 million during the quarter, compared to analysts’ expectations of $7.70 million.
Several other equities research analysts have also commented on FTEK. Zacks Research raised Fuel Tech from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fuel Tech in a research note on Friday, September 11th. Finally, Wall Street Zen raised Fuel Tech from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.
Check Out Our Latest Stock Analysis on Fuel Tech
Fuel Tech Trading Up 4.4%
Shares of Fuel Tech stock opened at $1.41 on Monday. Fuel Tech has a 12-month low of $1.17 and a 12-month high of $2.35. The stock has a market cap of $44.02 million, a PE ratio of -10.85 and a beta of 1.24. The company has a 50-day moving average of $1.57 and a two-hundred day moving average of $1.47.
Hedge Funds Weigh In On Fuel Tech
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTEK. BlackRock Inc. acquired a new stake in shares of Fuel Tech in the second quarter valued at approximately $1,097,000. Group One Trading LLC purchased a new position in shares of Fuel Tech during the 2nd quarter worth approximately $31,000. GSA Capital Partners LLP purchased a new position in shares of Fuel Tech during the 2nd quarter worth approximately $652,000. Renaissance Technologies LLC increased its stake in shares of Fuel Tech by 22.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,407,806 shares of the industrial products company’s stock worth $1,718,000 after purchasing an additional 259,811 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new position in shares of Fuel Tech during the 2nd quarter worth approximately $244,000. Institutional investors and hedge funds own 20.94% of the company’s stock.
About Fuel Tech
Fuel Tech, Inc is a technology company that develops and commercializes solutions for air pollution control, combustion optimization, and fuel treatment. Its products and services are designed primarily for utility, industrial, and other large combustion facilities seeking to improve operating performance and reduce emissions.
The company’s air pollution control technologies focus on reducing nitrogen oxide emissions from boilers, furnaces, and other combustion equipment. Its offerings include selective and non-selective catalytic reduction systems, related reagent-injection technologies, engineering services, and software and controls used to monitor and optimize emissions-control processes.
Fuel Tech also provides fuel-treatment and combustion-enhancement technologies under its Fuel Chem business.
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