HC Wainwright Cuts Earnings Estimates for Fuel Tech

Fuel Tech, Inc. (NASDAQ:FTEK) – Equities research analysts at HC Wainwright lowered their FY2026 EPS estimates for shares of Fuel Tech in a report released on Thursday, March 6th. HC Wainwright analyst A. Dayal now expects that the industrial products company will post earnings per share of ($0.04) for the year, down from their prior forecast of ($0.02). HC Wainwright currently has a “Buy” rating and a $4.00 price target on the stock. 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 FY2028 earnings at $0.08 EPS.

Fuel Tech (NASDAQ:FTEK) last posted its earnings results on Tuesday, March 4th. The industrial products company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $5.28 million during the quarter, compared to analyst estimates of $5.63 million. Fuel Tech had a negative return on equity of 1.37% and a negative net margin of 2.29%. During the same quarter last year, the business posted ($0.02) earnings per share.

Separately, StockNews.com started coverage on Fuel Tech in a report on Monday. They issued a “hold” rating for the company.

Fuel Tech Stock Down 0.5 %

FTEK opened at $1.00 on Monday. The company has a fifty day simple moving average of $1.00 and a 200 day simple moving average of $1.02. The stock has a market cap of $30.71 million, a P/E ratio of -50.00 and a beta of 4.25. Fuel Tech has a 12 month low of $0.87 and a 12 month high of $1.34.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FTEK. Peapod Lane Capital LLC bought a new stake in shares of Fuel Tech during the fourth quarter worth $1,027,000. Virtu Financial LLC acquired a new position in Fuel Tech in the 4th quarter worth $26,000. Renaissance Technologies LLC increased its holdings in 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 worth $1,092,000 after purchasing an additional 138,169 shares in the last quarter. XTX Topco Ltd bought a new position in Fuel Tech during the 4th quarter worth about $27,000. Finally, Millennium Management LLC raised its stake in shares of 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 purchasing an additional 24,129 shares during the period. Institutional investors own 20.94% of the company’s stock.

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.