Fuel Tech Awarded Air Pollution Control Orders Totaling $2.0 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
0mins
Source: Newsfilter
New Orders Received: Fuel Tech, Inc. announced approximately $2.0 million in air pollution control orders from customers in the US, Europe, and Southeast Asia, including a repeat domestic customer for a Selective Catalytic Reduction (SCR) system and new contracts for demonstrating Selective Non-Catalytic Reduction (SNCR) technology.
Technological Advancements: The company emphasizes its advanced technologies for emissions control and water treatment, highlighting their effectiveness in reducing nitrogen oxide (NOx) emissions and improving operational efficiency across various industrial applications.
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Analyst Views on FTEK
Wall Street analysts forecast FTEK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTEK is 4.00 USD with a low forecast of 4.00 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.350
Low
4.00
Averages
4.00
High
4.00
Current: 1.350
Low
4.00
Averages
4.00
High
4.00
About FTEK
Fuel Tech, Inc. is a technology company, which is engaged in the development, commercialization and application of proprietary technologies for air pollution control, process optimization, water treatment and advanced engineering services. It has two segments: Air Pollution Control technology and FUEL CHEM technology. The Air Pollution Control technology segment includes technologies to reduce oxides of nitrogen (NOx) emissions in flue gas generated by the firing of natural gas or coal from boilers, incinerators, furnaces and other stationary combustion sources. These include NOxOUT and HERT Selective Non-Catalytic Reduction (SNCR) systems, and Selective Catalytic Reduction (SCR) systems. The FUEL CHEM technology segment uses chemical processes in combination with advanced computational fluid dynamics and chemical kinetics modeling boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in coal-fired furnaces and boilers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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