Peapod Lane Capital LLC Acquires New Position in Fuel Tech, Inc. (NASDAQ:FTEK)

Peapod Lane Capital LLC bought a new position in shares of Fuel Tech, Inc. (NASDAQ:FTEK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 977,674 shares of the industrial products company’s stock, valued at approximately $1,027,000. Peapod Lane Capital LLC owned 3.18% of Fuel Tech at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Fuel Tech in a report on Thursday, February 6th. They set a “hold” rating for the company.

Fuel Tech Stock Performance

NASDAQ:FTEK opened at $0.92 on Thursday. Fuel Tech, Inc. has a 52 week low of $0.91 and a 52 week high of $1.34. The stock’s fifty day moving average is $1.01 and its two-hundred day moving average is $1.02.

Fuel Tech Company Profile

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.