HC Wainwright Issues Positive Outlook for Fuel Tech Earnings

by · The Cerbat Gem

Fuel Tech, Inc. (NASDAQ:FTEK – Free Report) – Equities research analysts at HC Wainwright raised their FY2028 earnings estimates for shares of Fuel Tech in a research note issued on Thursday, November 6th. HC Wainwright analyst A. Dayal now forecasts that the industrial products company will post earnings of $0.10 per share for the year, up from their previous 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.

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

Read Our Latest Research Report on FTEK

Fuel Tech Price Performance

Shares of FTEK opened at $2.11 on Friday. The company’s fifty day moving average price is $2.95 and its 200-day moving average price is $2.42. Fuel Tech has a 1-year low of $0.87 and a 1-year high of $3.65. The firm has a market capitalization of $65.57 million, a PE ratio of -21.10 and a beta of 4.86.

Fuel Tech (NASDAQ:FTEK – Get Free Report) last issued its quarterly 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%.

Institutional Investors Weigh In On Fuel Tech

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Fuel Tech by 7.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,013,864 shares of the industrial products company’s stock worth $3,042,000 after purchasing an additional 72,895 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 worth $1,305,000 after buying an additional 17,766 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in shares of Fuel Tech by 11.8% in the first quarter. Essex Investment Management Co. LLC now owns 124,241 shares of the industrial products company’s stock worth $130,000 after buying an additional 13,106 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Fuel Tech during the third quarter worth about $109,000. Finally, Marshall Wace LLP purchased a new position in Fuel Tech during the second quarter valued at approximately $63,000. 20.94% of the stock is owned by hedge funds and other institutional investors.

Fuel Tech Company Profile

(Get Free Report)

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.

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