Analysts Set Expectations for Fuel Tech FY2030 Earnings

Fuel Tech, Inc. (NASDAQ:FTEK) – Stock analysts at HC Wainwright lifted their FY2030 earnings estimates for shares of Fuel Tech in a research report issued to clients and investors on Thursday, August 6th. HC Wainwright analyst A. Dayal now expects that the industrial products company will post earnings per share of $0.10 for the year, up from their prior estimate of $0.09. The consensus estimate for Fuel Tech’s current full-year earnings is ($0.12) per share.

Fuel Tech (NASDAQ:FTEK) last released its quarterly 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 return on equity of 8.88% and a negative net margin of 12.75%.The firm had revenue of $6.49 million for the quarter, compared to analysts’ expectations of $6.58 million.

Several other research analysts have also recently commented on FTEK. Weiss Ratings upgraded Fuel Tech from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. Wall Street Zen downgraded Fuel Tech from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded Fuel Tech from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Fuel Tech Price Performance

NASDAQ:FTEK opened at $1.37 on Friday. The firm has a 50-day moving average of $1.60 and a two-hundred day moving average of $1.45. The stock has a market cap of $42.70 million, a P/E ratio of -12.45 and a beta of 1.29. Fuel Tech has a 1-year low of $1.17 and a 1-year high of $3.65.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC raised its stake in Fuel Tech by 44.2% during the third quarter. Advisory Services Network LLC now owns 21,627 shares of the industrial products company’s stock valued at $65,000 after buying an additional 6,627 shares in the last quarter. State Street Corp lifted its holdings in Fuel Tech by 7.1% during the 4th quarter. State Street Corp now owns 121,846 shares of the industrial products company’s stock worth $190,000 after buying an additional 8,100 shares during the last quarter. Group One Trading LLC grew its position in shares of Fuel Tech by 26.1% in the 4th quarter. Group One Trading LLC now owns 42,509 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 8,803 shares in the last quarter. Prelude Capital Management LLC acquired a new position in shares of Fuel Tech in the 3rd quarter worth approximately $40,000. Finally, Virtu Financial LLC bought a new stake in shares of Fuel Tech in the 4th quarter valued at approximately $27,000. 20.94% of the stock is owned by institutional investors and hedge funds.

About Fuel Tech

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.