Fuel Tech (FTEK)
Provides emissions-control systems and combustion-optimization programs for energy-related facilities.
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Operates Air Pollution Control (APC) and FUEL CHEM businesses for utility and industrial combustion units. Revenue comes from project-oriented emissions-control systems and chemical-treatment programs that help energy-related facilities manage boiler performance worldwide.
Operates two technology businesses for utility and industrial combustion units: Air Pollution Control (APC) and FUEL CHEM. APC supplies systems designed to reduce emissions from stationary combustion sources, while FUEL CHEM uses chemical treatment, modeling, and targeted in-furnace injection to manage boiler conditions.
Work centers on helping energy-related facilities address nitrogen-oxide emissions and performance issues including slagging, fouling, corrosion, opacity, and sulfur-trioxide-related conditions. Its proprietary-technology activities also include process optimization, water treatment, and advanced engineering services.
APC demand is shaped by customer compliance choices and regulation. FUEL CHEM demand depends on customer ordering, electric-demand conditions, fuel switching, and the growth of renewable generation.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $19.6M · Total debt $533.0K · Total assets $43.2M · Shareholders' equity $37.4M
- Revenue
- $6.5M
- Operating income
- −$1.6M
- Net income
- −$1.2M
No dividends on record.
| Institutions | 23.57% | 7.36M shares | |
|---|---|---|---|
| 42 holders · as of Jun 30, 2026 | |||
| Insiders | 2.03% | 635.0K shares | |
| 3 holders · as of Sep 3, 2026 | |||
| Other | 74.40% | 23.22M shares | |
| remainder | |||
31.22M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Grace & White Inc /NYInstitution | 4.94% | 1.54M | as of Jun 30, 2026 |
Grace & White, Inc.Institution | 4.94% | 1.54M | filed Apr 6, 2026 |
Renaissance Technologies LLCInstitution | 3.53% | 1.10M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.22% | 1.01M | as of Jun 30, 2026 |
Peapod Lane Capital LLCInstitution | 2.63% | 820,592 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Ramesh Nuggihalli | officer: President & CEO | +1,471 | $1.36 |
| Mar 6, 2026 | Vincent J. Arnone | director, officer: President & CEO | +10,000 | $1.24 |
- Babcock & Wilcox Enterprises
NOx-control and particulate-emissions systems for industrial boilers
- CECO Environmental
SNCR and SCR systems for boiler, furnace, and kiln NOx control
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fuel Tech | $1.81 | −2.16% | $57.7M | — | — | 2.1 | +16.7% |
| Babcock & Wilcox Enterprises | $7.41 | +0.89% | $1.09B | — | 27.4 | 1.3 | +121.9% |
| CECO Environmental | $73.62 | +2.92% | $4.18B | — | 27.8 | 4.6 | +53.7% |
| Median | — | 27.6 | 2.9 | +87.8% |