Shares of Fuel Tech Inc (NASDAQ:FTEK) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $1.75 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Fuel Tech an industry rank of 159 out of 255 based on the ratings given to related companies.
A number of research analysts recently commented on the company. Zacks Investment Research cut Fuel Tech from a “hold” rating to a “sell” rating in a research report on Thursday. TheStreet cut Fuel Tech from a “c-” rating to a “d+” rating in a research report on Thursday, July 25th. HC Wainwright restated a “buy” rating and issued a $1.75 price target on shares of Fuel Tech in a research report on Thursday, August 15th. Finally, ValuEngine upgraded Fuel Tech from a “hold” rating to a “buy” rating in a research report on Friday, September 6th.
Fuel Tech (NASDAQ:FTEK) last issued its quarterly earnings results on Tuesday, August 13th. The industrial products company reported ($0.02) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.02). Fuel Tech had a positive return on equity of 4.35% and a negative net margin of 0.57%. The company had revenue of $9.79 million for the quarter, compared to analysts’ expectations of $12.11 million. On average, equities research analysts predict that Fuel Tech will post -0.05 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its stake in Fuel Tech by 1,347.4% in the second quarter. Acadian Asset Management LLC now owns 155,583 shares of the industrial products company’s stock valued at $218,000 after buying an additional 144,834 shares in the last quarter. US Bancorp DE boosted its stake in Fuel Tech by 13.3% in the first quarter. US Bancorp DE now owns 243,476 shares of the industrial products company’s stock valued at $407,000 after buying an additional 28,616 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new stake in Fuel Tech in the second quarter valued at about $594,000. Renaissance Technologies LLC boosted its stake in Fuel Tech by 12.7% in the second quarter. Renaissance Technologies LLC now owns 1,101,138 shares of the industrial products company’s stock valued at $1,542,000 after buying an additional 123,892 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Fuel Tech by 12.5% in the second quarter. Vanguard Group Inc. now owns 497,934 shares of the industrial products company’s stock valued at $697,000 after buying an additional 55,215 shares in the last quarter. Institutional investors own 28.41% of the company’s stock.
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. It 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 by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; ammonia injection grid and graduated straightening grid systems; and flue gas conditioning systems.
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