Fuel Tech’s (FTEK) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Fuel Tech (NASDAQ:FTEK) in a research report report published on Thursday,Benzinga reports. The brokerage currently has a $4.00 price objective on the industrial products company’s stock. HC Wainwright also issued estimates for Fuel Tech’s Q1 2025 earnings at ($0.02) EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.00 EPS, FY2027 earnings at $0.01 EPS and FY2029 earnings at $0.15 EPS.

Separately, StockNews.com assumed coverage on Fuel Tech in a research report on Sunday, March 2nd. They issued a “hold” rating for the company.

Fuel Tech Trading Down 0.5 %

NASDAQ FTEK opened at $1.00 on Thursday. Fuel Tech has a 1 year low of $0.87 and a 1 year high of $1.34. The company has a market cap of $30.71 million, a PE ratio of -50.00 and a beta of 4.25. The stock’s 50-day moving average price is $1.00 and its two-hundred day moving average price is $1.02.

Fuel Tech (NASDAQ:FTEK) last released its quarterly earnings results on Tuesday, March 4th. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Fuel Tech had a negative net margin of 2.29% and a negative return on equity of 1.37%. The firm had revenue of $5.28 million for the quarter, compared to analyst estimates of $5.63 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. Research analysts forecast that Fuel Tech will post -0.03 EPS for the current fiscal year.

Institutional Trading of Fuel Tech

A number of hedge funds have recently made changes to their positions in FTEK. Millennium Management LLC increased its stake in Fuel Tech by 70.1% in the 4th quarter. Millennium Management LLC now owns 58,571 shares of the industrial products company’s stock valued at $62,000 after buying an additional 24,129 shares during the period. XTX Topco Ltd purchased a new stake in shares of Fuel Tech during the fourth quarter worth $27,000. Renaissance Technologies LLC boosted its position in Fuel Tech by 15.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company’s stock valued at $1,092,000 after purchasing an additional 138,169 shares during the last quarter. Virtu Financial LLC purchased a new position in Fuel Tech in the fourth quarter valued at about $26,000. Finally, Peapod Lane Capital LLC purchased a new position in Fuel Tech in the fourth quarter valued at about $1,027,000. 20.94% of the stock is owned by hedge funds and other institutional investors.

About Fuel Tech

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.