FY2030 EPS Estimates for Fuel Tech Raised by HC Wainwright

Fuel Tech, Inc. (NASDAQ:FTEK) – Equities researchers at HC Wainwright raised their FY2030 EPS estimates for shares of Fuel Tech in a research note issued to investors on Thursday, August 6th. HC Wainwright analyst A. Dayal now forecasts that the industrial products company will earn $0.10 per share for the year, up from their prior forecast of $0.09. The consensus estimate for Fuel Tech’s current full-year earnings is ($0.12) per share.

FTEK has been the topic of several other research reports. Wall Street Zen downgraded Fuel Tech from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Zacks Research upgraded Fuel Tech from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings upgraded Fuel Tech from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Fuel Tech presently has an average rating of “Reduce”.

Fuel Tech Stock Down 5.5%

Shares of FTEK stock opened at $1.37 on Friday. The company has a market cap of $42.70 million, a P/E ratio of -12.45 and a beta of 1.29. The business has a 50 day moving average of $1.60 and a two-hundred day moving average of $1.45. Fuel Tech has a 52 week low of $1.17 and a 52 week high of $3.65.

Fuel Tech (NASDAQ:FTEK) last issued its earnings results on Tuesday, August 4th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $6.49 million during the quarter, compared to the consensus estimate of $6.58 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Fuel Tech in the fourth quarter valued at approximately $27,000. Prelude Capital Management LLC bought a new stake in shares of Fuel Tech during the third quarter valued at approximately $40,000. NewEdge Advisors LLC boosted its position in shares of Fuel Tech by 35,206.0% during the third quarter. NewEdge Advisors LLC now owns 17,653 shares of the industrial products company’s stock worth $53,000 after buying an additional 17,603 shares during the period. Marshall Wace LLP acquired a new position in shares of Fuel Tech during the second quarter worth approximately $63,000. Finally, Advisory Services Network LLC grew its holdings in Fuel Tech by 44.2% in the 3rd quarter. Advisory Services Network LLC now owns 21,627 shares of the industrial products company’s stock worth $65,000 after buying an additional 6,627 shares in the last quarter. 20.94% of the stock is owned by institutional investors and hedge funds.

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.