HC Wainwright Brokers Raise Earnings Estimates for Fuel Tech

Fuel Tech, Inc. (NASDAQ:FTEK) – Stock analysts at HC Wainwright upped their FY2028 earnings per share 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.

Fuel Tech (NASDAQ:FTEK) last announced its earnings results on Tuesday, November 4th. The industrial products company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Fuel Tech had a negative net margin of 12.89% and a negative return on equity of 7.70%. The company had revenue of $7.49 million during the quarter, compared to analysts’ expectations of $9.39 million.

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

Fuel Tech Price Performance

Fuel Tech stock traded down $0.13 during midday trading on Friday, reaching $1.99. The stock had a trading volume of 339,927 shares, compared to its average volume of 266,598. The firm’s fifty day simple moving average is $2.97 and its two-hundred day simple moving average is $2.41. Fuel Tech has a twelve month low of $0.87 and a twelve month high of $3.65. The firm has a market cap of $61.71 million, a price-to-earnings ratio of -19.86 and a beta of 4.86.

Institutional Trading of Fuel Tech

A number of institutional investors have recently added to or reduced their stakes in the business. Corsair Capital Management L.P. acquired a new position in shares of Fuel Tech during the 2nd quarter worth $25,000. Covestor Ltd acquired a new position in Fuel Tech during the third quarter worth $40,000. Marshall Wace LLP bought a new position in Fuel Tech during the second quarter valued at about $63,000. Essex Investment Management Co. LLC raised its holdings in Fuel Tech by 11.8% during the first quarter. Essex Investment Management Co. LLC now owns 124,241 shares of the industrial products company’s stock valued at $130,000 after buying an additional 13,106 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position 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. 20.94% of the stock is currently owned by institutional investors and hedge funds.

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.