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Fuel Tech, Inc. (FTEK)

Industrials | Pollution & Treatment Controls | Warrenville, United States | NasdaqCM
1.59 USD -0.09 (-5.357%) ⇩ (July 13, 2026, 4 p.m. EDT)

Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 6:43 a.m. EDT

The investment case for Fuel Tech is severely compromised by deteriorating fundamentals and a lack of shareholder returns. The company is currently losing money, with negative operating margins and shrinking revenue, while offering no dividend income whatsoever. This creates a classic value trap scenario where the stock price has recently rallied due to a massive one-time spike in earnings per share, masking the underlying operational rot. The recent price action confirms this fragility; despite the EPS miss in the latest quarter, the stock has fallen over 10%, indicating the market is quickly repricing the asset based on its weak earnings power. Furthermore, the options market is screaming caution, with investors loading up on puts to hedge against further declines rather than betting on a recovery. With a negative forward P/E and a balance sheet that cannot support aggressive growth without diluting existing shareholders, the long-term outlook remains bleak. The recent inclusion in microcap indices may provide some liquidity, but it does not alter the fundamental reality that the business is struggling to generate sustainable profits.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.093683
AutoARIMA0.096391
AutoETS0.096440
AutoTheta0.098722

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 21%
H-stat 3.05
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 1.58
Attribute Value
Sector Industrials
Debt to Equity Ratio 1.445
Revenue per Share 0.85
Market Cap 49,552,744
Forward P/E -31.80
Beta 1.24
Profit Margins -11.15%
Website https://www.ftek.com

As of July 11, 2026, 6:43 a.m. EDT: Speculators are overwhelmingly positioning for downside protection rather than upside participation. Put open interest significantly exceeds call open interest across all expirations, with deep strikes showing heavy accumulation. While there is some call volume at higher strikes, the dominant strategy is buying insurance against a drop, suggesting a bearish sentiment among retail traders.


Info Dump

Attribute Value
52 Week Change -0.35887098
Address1 27,601 Bella Vista Parkway
All Time High 38.2
All Time Low 0.3
Ask 2.04
Ask Size 2
Average Daily Volume10 Day 246,130
Average Daily Volume3 Month 384,950
Average Volume 384,950
Average Volume10Days 246,130
Beta 1.237
Bid 1.22
Bid Size 2
Book Value 1.235
City Warrenville
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 1.59
Current Ratio 5.444
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 1.725
Day Low 1.5899
Debt To Equity 1.445
Display Name Fuel Tech
Earnings Call Timestamp End 1,778,076,000
Earnings Call Timestamp Start 1,778,076,000
Earnings Timestamp 1,778,011,200
Earnings Timestamp End 1,785,873,600
Earnings Timestamp Start 1,785,873,600
Ebitda -3,598,000
Ebitda Margins -0.13642
Enterprise To Ebitda -7.93
Enterprise To Revenue 1.082
Enterprise Value 28,530,746
Eps Forward -0.05
Eps Trailing Twelve Months -0.1
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 630 845 4502
Fifty Day Average 1.5892
Fifty Day Average Change 0.00080001354
Fifty Day Average Change Percent 0.00050340645
Fifty Two Week Change Percent -35.8871
Fifty Two Week High 3.65
Fifty Two Week High Change -2.06
Fifty Two Week High Change Percent -0.5643835
Fifty Two Week Low 1.17
Fifty Two Week Low Change 0.42000008
Fifty Two Week Low Change Percent 0.35897443
Fifty Two Week Range 1.17 - 3.65
Financial Currency USD
First Trade Date Milliseconds 747,408,600,000
Float Shares 23,726,727
Forward Eps -0.05
Forward P E -31.800001
Free Cashflow -169,125
Full Exchange Name NasdaqCM
Full Time Employees 77
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.45755002
Gross Profits 12,068,000
Has Pre Post Market Data 1
Held Percent Insiders 0.23357001
Held Percent Institutions 0.24705
Implied Shares Outstanding 31,165,249
Industry Pollution & Treatment Controls
Industry Disp Pollution & Treatment Controls
Industry Key pollution-treatment-controls
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Long Business Summary Fuel Tech, Inc. engages in the development, commercialization, and application of technologies for air pollution control, process optimization, water treatment, and advanced engineering services to utility and industrial customers in the United States, rest of the Americas, Europe, South Africa, the Pacific Rim, and internationally. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide emissions (NOx) in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT selected non-catalytic reduction and selected catalytic reduction systems, including ammonia injection grid and graduated straightening grid systems; electrostatic precipitator processes and services; ULTRA technology; urea direct injection systems; and flue gas conditioning systems. Its FUEL CHEM Technology segment provides chemical injection programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units for the control of 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 targeted in-furnace injection technology. This segment also 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 for treating a wide variety of solid and liquid fuels, including coal, heavy oil, black liquor, biomass, and municipal waste. In addition, the company provides dissolved gas infusion systems, which utilize a proprietary channel injector and a patented saturator that infuses oxygen, carbon dioxide, or other gases into water; and visualization software. Fuel Tech, Inc. was incorporated in 1987 and is headquartered in Warrenville, Illinois.
Long Name Fuel Tech, Inc.
Market us_market
Market Cap 49,552,744
Market State PRE
Max Age 86,400
Message Board Id finmb_407290
Most Recent Quarter 1,774,915,200
Net Income To Common -2,940,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 49,552,745
Number Of Analyst Opinions 1
Open 1.69
Operating Cashflow 661,000
Operating Margins -0.2625
Payout Ratio 0.0
Peg Ratio 2.33
Phone 630 845 4500
Previous Close 1.68
Price Hint 4
Price To Book 1.2874494
Price To Sales Trailing12 Months 1.878777
Profit Margins -0.11147001
Quick Ratio 5.151
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0899999
Regular Market Change Percent -5.35714
Regular Market Day High 1.725
Regular Market Day Low 1.5899
Regular Market Day Range 1.5899 - 1.725
Regular Market Open 1.69
Regular Market Previous Close 1.68
Regular Market Price 1.59
Regular Market Time 1,783,972,801
Regular Market Volume 125,191
Return On Assets -0.05928
Return On Equity -0.07351
Revenue Growth -0.047
Revenue Per Share 0.85
Sand P52 Week Change 0.20365608
Sector Industrials
Sector Disp Industrials
Sector Key industrials
Shares Outstanding 31,165,249
Shares Percent Shares Out 0.0064
Shares Short 199,073
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 63,708
Short Name Fuel Tech, Inc.
Short Percent Of Float 0.0070999996
Short Ratio 0.3
Source Interval 15
State IL
Symbol FTEK
Target High Price 4.0
Target Low Price 4.0
Target Mean Price 4.0
Target Median Price 4.0
Total Cash 21,579,000
Total Cash Per Share 0.692
Total Debt 557,000
Total Revenue 26,375,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.1
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 1.73545
Two Hundred Day Average Change -0.14545
Two Hundred Day Average Change Percent -0.08381111
Type Disp Equity
Volume 125,191
Website https://www.ftek.com
Zip 60,555-1617