Fuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. 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 comprising ULNB, OFA, and SNCR components, as well as downsized SCR catalyst, ammonia injection grid, and graduated straightening grid systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; and flue gas conditioning systems. The FUEL CHEM Technology segment provides programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity, and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter, sulfur dioxide, and carbon dioxide through the addition of chemicals into the furnace using TIFI targeted in-furnace injection technology. This segment offers its FUEL CHEM program for plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, and university, and district heating markets; and the owners of boilers, furnaces, and other combustion units. The company was incorporated in 1987 and is headquartered in Warrenville, Illinois.
IPO Year:
Exchange: NASDAQ
Website: ftek.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2021 | $4.00 | Neutral → Buy | HC Wainwright & Co. |
HC Wainwright & Co. upgraded Fuel Tech from Neutral to Buy and set a new price target of $4.00
WARRENVILLE, Ill., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the third quarter ended September 30, 2024 (Q3 2024). "Our third quarter results included a return to profitable operations, fostering new customer relationships, and a focus on balancing expense discipline with targeted investments in new technologies," said Vincent J. Arnone, President and CEO. "Our financial position at September 30, 2024 was strong, with $31.3 million in cash and investments an
WARRENVILLE, Ill., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the receipt of air pollution control (APC) orders from new and existing customers in the US, Europe and Southeast Asia. These orders have an aggregate value of approximately $2.0 million. An order was received from a repeat domestic customer to supply a Selective Catalytic Reduction (SCR) system and a UDI™ Urea Direct Injection™ reagent delivery system to an industrial process plant in the Eastern US. The SCR system will prov
WARRENVILLE, Ill., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced that its DGI® Dissolved Gas Infusion technology has been selected for an extended demonstration at a fish hatchery in the Western US. The project will involve defined test protocols to evaluate the benefits of the Company's DGI technology to supply consistent and precise levels of dissolved oxygen (DO) in the raising of gamefish in a controlled environment. Providing consistent levels of DO in the grow basins for fish hatch
WARRENVILLE, Ill., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced that it will issue its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024 after the close of the stock market. Management will host a conference call on Thursday, November 7, 2024 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or(201) 493-6749 (International) The conf
WARRENVILLE, Ill., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the commencement of a new commercial program using the Company's proprietary TIFI® Targeted In-Furnace Injection™ technology for a large coal-fired boiler at a Midwest United States utility. This order comes after a demonstration of the Company's TIFI® technology at this unit over the past several months. The annual revenue potential from this contract is projected to be approximately $1.5 to $2.0 million based on the cust
WARRENVILLE, Ill., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced that it will be exhibiting its DGI® Dissolved Gas Infusion technology at the Water Environment Federation Technical Exhibition and Conference ("WEFTEC") in New Orleans next month. Bringing together industry experts and thought leaders from around the world, WEFTEC is the largest conference of its kind in North America and offers water quality professionals the latest in water quality education and training. Date: October 7-
WARRENVILLE, Ill., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced that President & CEO Vince Arnone is scheduled to present at the 26th Annual H.C. Wainwright Global Investment Conference, taking place September 9-11, 2024 in New York City. Presentation Date & Time: September 10, 2024 at 12:00 pm Eastern Time. Live Webcast: Accessible on the Events section of Fuel Tech's website at www.ftek.com and via the link here. A replay will be available for up to 90 days following the event. Mr. Ar
WARRENVILLE, Ill., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the second quarter ended June 30, 2024 (Q2 2024). "As expected, our performance in the second quarter was much improved," said Vincent J. Arnone, President and CEO. "Consolidated revenues rose by 29% compared to last year's second quarter, driven by a 52% revenue increase in FUEL CHEM® and a 15% rise in APC revenues. We maintained a lean expense profile, continued to invest in new technologies,
WARRENVILLE, Ill., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the receipt of air pollution control (APC) orders from new and existing customers in Europe and the US. These orders, which have an aggregate value of approximately $5.0 million, include the Company's first APC award for a renewable energy project. An order was received from a new customer in Europe for multiple ammonia delivery and injection systems for renewable energy facilities located in Europe. The ammonia equipment
WARRENVILLE, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that it will issue its financial results for the second quarter ended June 30, 2024 on Tuesday, August 6, 2024 after the close of the stock market. Management will host a conference call on Wednesday, August 7, 2024 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or(201) 493-6749 (International) The confere
Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, announced today the appointment of William (Bill) Decker as Vice President Water and Wastewater Treatment Technologies, effective March 15, 2023. In this newly created position, Decker will lead the growth and development of Fuel Tech's Dissolved Gas Infusion (DGITM) technology, including business development, sales and marketing, and new product development and commercialization. Decker brings to Fuel Tech more than 30 years of engineering, operational, and financial experienc
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WARRENVILLE, Ill., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the third quarter ended September 30, 2024 (Q3 2024). "Our third quarter results included a return to profitable operations, fostering new customer relationships, and a focus on balancing expense discipline with targeted investments in new technologies," said Vincent J. Arnone, President and CEO. "Our financial position at September 30, 2024 was strong, with $31.3 million in cash and investments an
WARRENVILLE, Ill., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced that it will issue its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024 after the close of the stock market. Management will host a conference call on Thursday, November 7, 2024 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or(201) 493-6749 (International) The conf
WARRENVILLE, Ill., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the second quarter ended June 30, 2024 (Q2 2024). "As expected, our performance in the second quarter was much improved," said Vincent J. Arnone, President and CEO. "Consolidated revenues rose by 29% compared to last year's second quarter, driven by a 52% revenue increase in FUEL CHEM® and a 15% rise in APC revenues. We maintained a lean expense profile, continued to invest in new technologies,
WARRENVILLE, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that it will issue its financial results for the second quarter ended June 30, 2024 on Tuesday, August 6, 2024 after the close of the stock market. Management will host a conference call on Wednesday, August 7, 2024 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or(201) 493-6749 (International) The confere
Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the first quarter (Q1 2024) ended March 31, 2024. "Our revenues for the first quarter were impacted by customer-driven delays in executing new contracts at our APC business segment, while performance at FUEL CHEM® reflected warmer weather across the US that affected unit dispatch," said Vincent J. Arnone, President and CEO. "We continue to expect that APC revenue will increase modestly in 2024 when compared to 2023 and that the bulk of our new award
Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that it will issue its financial results for the first quarter ended March 31, 2024 on Tuesday, May 7, 2024 after the close of the stock market. Management will host a conference call on Wednesday, May 8, 2024 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or (201) 493-6749 (International) The conference call will also be accessible via the Upcoming E
Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the fourth quarter (Q4) and full year ended December 31, 2023. "We reported higher total revenues compared to full year 2022, completed a successful trial of our Dissolved Gas Infusion (DGITM) technology in an aquaculture setting, maintained tight expense control, and ended the year in a strong financial position, with $33.4 million in cash and investments, and no long-term debt," said Vincent J. Arnone, President and CEO. "Our Air Pollution Contro
Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today announced that it will issue its financial results for the fourth quarter and full year ended December 31, 2023 on Monday, March 11, 2024 after the close of the stock market. Management will host a conference call on Tuesday, March 12, 2024 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or (201) 493-6749 (International) The conference call will also be accessi
Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the third quarter ended September 30, 2023 ("Q3 2023"). "Revenue from our Air Pollution Control (APC) business segment increased by 36% in Q3 2023, which offset lower revenue from our FUEL CHEM® business segment," said Vincent J. Arnone, President and CEO. "FUEL CHEM operations normalized during Q3 2023 as the unit downtime we experienced in the second quarter of 2023 ("Q2 2023") caused by temporary maintenance activities and unplanned outa
Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today announced that it will issue its financial results for the third quarter ended September 30, 2023 on Tuesday, November 7, 2023 after the close of the stock market. Management will host a conference call on Wednesday, November 8, 2023 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or (201) 493-6749 (International) The conference call will also be acce
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HC Wainwright & Co. analyst Amit Dayal reiterates Fuel Tech (NASDAQ:FTEK) with a Buy and maintains $4 price target.
Fuel Tech (NASDAQ:FTEK) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.01) by 200 percent. This is a 200 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $4.957 million which missed the analyst consensus estimate of $6.728 million by 26.32 percent. This is a 31.97 percent decrease over sales of $7.287 million the same period last year.
HC Wainwright & Co. analyst Amit Dayal reiterates Fuel Tech (NASDAQ:FTEK) with a Buy and maintains $4 price target.
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Invesco KBW NASDAQ Fintech UCITS ETF (NASDAQ:FTEK) reported its Q4 earnings results on Monday, March 11, 2024 at 04:20 PM. Here's what investors need to know about the announcement. Earnings Invesco KBW NASDAQ Fintech UCITS ETF beat estimated earnings by 33.0%, reporting an EPS of $-0.02 versus an estimate of $-0.03. Revenue was down $676 thousand from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.01 which was followed by a 7.000000000000001% increase in the share price the next day. Here's a look at Invesco KBW NASDAQ Fintech UCITS ETF's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0 -0.02 -0.02 -0.03 EPS A
Fuel Tech (NASDAQ:FTEK) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.03) by 33.33 percent. The company reported quarterly sales of $6.345 million which missed the analyst consensus estimate of $6.897 million by 8.00 percent. This is a 9.63 percent decrease over sales of $7.021 million the same period last year.
Two orders were received from new customers in Europe for Selective Catalytic Reduction (SCR) technology, which uses a catalyst along with urea or ammonia as the reagent to provide high levels of nitrogen oxide (NOx) reduction. The first order is for a natural gas and process gas fired heater used at a chemical processing plant. The SCR system includes the catalyst and reactor and will utilize anhydrous ammonia which is already on-site. Equipment delivery is expected in the fourth quarter of 2024. The second order is for a natural gas fired boiler at a municipal solid waste facility. The SCR system includes the catalyst and reactor and an aqueous ammonia reagent delivery system. The scope al
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Fuel Tech (NASDAQ:FTEK) is set to give its latest quarterly earnings report on Monday, 2024-03-11. Here's what investors need to know before the announcement. Analysts estimate that Fuel Tech will report an earnings per share (EPS) of $-0.03. Fuel Tech bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.01, which was followed by a 7.0% increase in the share pric