Fuel Tech (NASDAQ:FTEK) Receives “Buy” Rating from HC Wainwright

Fuel Tech (NASDAQ:FTEK)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research note issued to investors on Thursday,Benzinga reports. They presently have a $4.00 target price on the industrial products company’s stock. HC Wainwright’s target price suggests a potential upside of 300.00% from the stock’s current price. 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 began coverage on shares of Fuel Tech in a report on Sunday, March 2nd. They set a “hold” rating for the company.

Fuel Tech Trading Down 0.5 %

Fuel Tech stock opened at $1.00 on Thursday. Fuel Tech has a 12-month low of $0.87 and a 12-month high of $1.34. The firm has a 50 day moving average of $1.00 and a 200 day moving average of $1.02. The firm has a market capitalization of $30.71 million, a price-to-earnings ratio of -50.00 and a beta of 4.25.

Fuel Tech (NASDAQ:FTEK) last announced its quarterly earnings data 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 company had revenue of $5.28 million for the quarter, compared to analysts’ expectations of $5.63 million. During the same period last year, the business earned ($0.02) earnings per share. On average, analysts predict that Fuel Tech will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Fuel Tech

A number of institutional investors have recently added to or reduced their stakes in the stock. Peapod Lane Capital LLC bought a new position in shares of Fuel Tech during the 4th quarter valued at approximately $1,027,000. Renaissance Technologies LLC boosted its position in shares of Fuel Tech by 15.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company’s stock valued at $1,092,000 after acquiring an additional 138,169 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Fuel Tech during the 4th quarter valued at approximately $27,000. Virtu Financial LLC bought a new position in shares of Fuel Tech during the 4th quarter valued at approximately $26,000. Finally, Millennium Management LLC boosted its position in shares of Fuel Tech by 70.1% during the 4th quarter. Millennium Management LLC now owns 58,571 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 24,129 shares during the last quarter. 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.