Fuel Tech, Inc. (NASDAQ:FTEK – Free Report) – HC Wainwright cut their FY2026 earnings estimates for shares of Fuel Tech in a research note issued on Thursday, August 6th. HC Wainwright analyst A. Dayal now expects that the industrial products company will post earnings of ($0.13) per share for the year, down from their previous forecast of ($0.12). The consensus estimate for Fuel Tech’s current full-year earnings is ($0.13) per share.
Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Fuel Tech from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Fuel Tech from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. Finally, Zacks Research upgraded Fuel Tech from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.
Fuel Tech Stock Performance
FTEK stock opened at $1.38 on Monday. Fuel Tech has a one year low of $1.17 and a one year high of $3.65. The firm’s fifty day moving average is $1.59 and its 200 day moving average is $1.45. The firm has a market cap of $43.08 million, a PE ratio of -12.55 and a beta of 1.29.
Fuel Tech (NASDAQ:FTEK – Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Fuel Tech had a negative net margin of 12.75% and a negative return on equity of 8.88%. The firm had revenue of $6.49 million during the quarter, compared to analyst estimates of $6.58 million.
Institutional Investors Weigh In On Fuel Tech
Several institutional investors and hedge funds have recently added to or reduced their stakes in FTEK. Geode Capital Management LLC raised its position in Fuel Tech by 3.6% during the second quarter. Geode Capital Management LLC now owns 517,658 shares of the industrial products company’s stock worth $1,305,000 after acquiring an additional 17,766 shares during the period. Marshall Wace LLP purchased a new position in Fuel Tech in the 2nd quarter valued at about $63,000. Vanguard Group Inc. lifted its stake in Fuel Tech by 7.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,013,864 shares of the industrial products company’s stock valued at $3,042,000 after buying an additional 72,895 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Fuel Tech in the 3rd quarter worth about $163,000. Finally, Boothbay Fund Management LLC purchased a new stake in Fuel Tech during the 3rd quarter worth approximately $124,000. Hedge funds and other institutional investors own 20.94% of the company’s stock.
Fuel Tech Company Profile
Fuel Tech, Inc (NASDAQ: FTEK) is a specialty technology and engineering company focused on developing and supplying clean air solutions for the power generation and industrial markets. The company designs, manufactures and markets proprietary chemical reagents and process control systems that help customers reduce emissions of nitrogen oxides (NOx), mercury and other air pollutants. Its technology platform combines advanced process modeling, plant optimization software and field testing services to help utilities and industrial facilities comply with environmental regulations and improve operational efficiency.
Fuel Tech’s core product lines include selective catalytic reduction (SCR) optimization systems, activated carbon injection solutions for mercury capture, and sorbent enhancement additives for flue gas desulfurization processes.
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