Welcome to our dedicated page for Fuel Tech news (Ticker: FTEK), a resource for investors and traders seeking the latest updates and insights on Fuel Tech stock.
Fuel Tech, Inc. (NASDAQ: FTEK) is a technology company that develops proprietary emissions control, process optimization, and water treatment solutions for utility and industrial applications. The FTEK news feed on Stock Titan highlights company announcements, financial updates, and project awards that reflect the performance and deployment of its Air Pollution Control (APC), FUEL CHEM, and Dissolved Gas Infusion (DGI®) technologies.
Investors and industry observers can use this page to follow quarterly earnings releases, including detailed segment performance for APC and FUEL CHEM, gross margin trends, and commentary on cash, investments, and backlog. Fuel Tech regularly issues press releases in connection with its quarterly results and files related Form 8-K reports with the SEC, providing insight into how its emissions control and water treatment businesses are progressing.
The news stream also covers contract awards and project wins for SCR, SNCR, ASNCR, and ULTRA systems, as well as reagent delivery equipment and advanced engineering engagements. These items often describe orders from customers in the United States, Europe, and Southeast Asia, and show how Fuel Tech’s technologies are being applied to coal-fired units, gas-fired industrial process units, biomass units, renewable energy facilities supporting green hydrogen production, and data center-related power projects.
Additional updates include information on DGI demonstrations in water and wastewater settings, such as fish hatcheries, and corporate events like investor conference presentations and scheduled earnings calls. By reviewing the FTEK news page, users can track how Fuel Tech’s proprietary technologies are being adopted, how its backlog evolves, and how management characterizes opportunities in emissions control and water treatment markets over time.
Fuel Tech (NASDAQ: FTEK) announced it will release its third quarter 2024 financial results on Wednesday, November 6, 2024, after market close. The company will host a conference call on Thursday, November 7, 2024, at 10:00 am ET to discuss results and business activities. Fuel Tech specializes in air pollution control, process optimization, and water treatment technologies, with their NOx reduction and particulate control technologies installed on over 1,300 units worldwide. Their portfolio includes FUEL CHEM® technology for combustion unit efficiency and DGI® Dissolved Gas Infusion Systems for water treatment applications.
Fuel Tech (NASDAQ: FTEK) has announced a new commercial contract for its TIFI® Targeted In-Furnace Injection™ technology at a large coal-fired boiler in the Midwest United States. This follows a successful demonstration of the technology at the same unit. The contract is expected to generate annual revenue of $1.5 to $2.0 million, with historic FUEL CHEM® gross margins.
During the demonstration, TIFI® improved boiler availability, reliability, and reduced maintenance downtime for off-line cleaning, maximizing power generation. The technology applies specialty chemical programs to units burning various fuels, including coal, heavy oil, biomass, and municipal waste.
Fuel Tech specializes in air pollution control, process optimization, and water treatment technologies. Their solutions have been installed on over 1,300 units worldwide, focusing on nitrogen oxide reduction, particulate control, and improving combustion unit efficiency.
Fuel Tech, Inc. (NASDAQ: FTEK) announced its participation in the Water Environment Federation Technical Exhibition and Conference (WEFTEC) in New Orleans from October 7-9, 2024. The company will showcase its DGI® Dissolved Gas Infusion technology at Booth 1062 in the Innovation Pavilion.
DGI® technology transfers dissolved oxygen or carbon dioxide for water and wastewater treatment processes across multiple industries. It offers high transfer efficiency, zoned delivery, and precise control accuracy, resulting in an energy-efficient and cost-effective solution. The technology has already demonstrated positive effects in Aquaculture settings.
Fuel Tech invites conference attendees to learn about DGI®'s applications in various industries, including Municipal and Industrial wastewater, Food and Beverage, Pulp and Paper, Power Generation, Petrochem, and Landfill Leachate.
Fuel Tech (NASDAQ: FTEK), a leader in emissions control and water treatment technologies, announces its participation in the 26th Annual H.C. Wainwright Global Investment Conference. The event is scheduled for September 9-11, 2024, in New York City. Key details include:
- President & CEO Vince Arnone will present on September 10, 2024, at 12:00 pm Eastern Time.
- A live webcast will be available on Fuel Tech's website and archived for 90 days.
- One-on-one investor meetings will be hosted by Mr. Arnone.
Fuel Tech specializes in air pollution control, process optimization, and water treatment technologies. Their solutions have been installed on over 1,300 units worldwide, focusing on nitrogen oxide reduction, particulate control, and water treatment applications.
Fuel Tech (NASDAQ: FTEK) reported improved Q2 2024 financial results, with consolidated revenues rising 29% year-over-year to $7.0 million. This growth was driven by a 52% increase in FUEL CHEM® revenues and a 15% rise in APC revenues. The company's gross margin improved to 41.9% from 36.6% in Q2 2023. Despite higher SG&A expenses, the net loss narrowed to $(0.4) million, or $(0.01) per share, compared to $(1.0) million, or $(0.03) per share, in Q2 2023.
Fuel Tech maintains a strong financial position with $30.1 million in cash and investments and no long-term debt. The company is pursuing new customer demonstrations for its Dissolved Gas Infusion (DGI™) technology and expects to commence a demonstration at a U.S. fish hatchery in Q3 2024. Additionally, Fuel Tech reported $5.0 million in new APC contract bookings and anticipates closing several new APC orders during the remainder of the year.
Fuel Tech (NASDAQ: FTEK) has secured air pollution control (APC) orders worth approximately $5.0 million from customers in Europe and the US. The orders include:
1. The company's first APC award for a renewable energy project in Europe, involving multiple ammonia delivery and injection systems for green hydrogen production.
2. An SCR technology contract for a natural gas fired heater at a chemical processing plant in Europe.
3. An ULTRA® system for a natural gas turbine at a US university.
These orders significantly improve Fuel Tech's APC backlog and showcase its diverse emissions control technologies across industries and regions.
Fuel Tech (NASDAQ: FTEK) has announced it will release its Q2 2024 financial results on August 6, 2024, after market close. The company will host a conference call on August 7, 2024, at 10:00 am ET to discuss the results and business activities. Investors can participate by dialing (877) 423-9820 (Domestic) or (201) 493-6749 (International).
Fuel Tech specializes in air pollution control, process optimization, and water treatment technologies. Their solutions have been installed on over 1,300 units worldwide, focusing on nitrogen oxide reduction and particulate control. The company's FUEL CHEM® technology improves combustion unit efficiency and environmental status, while their DGI® Dissolved Gas Infusion Systems target water and wastewater applications.
Fuel Tech, Inc. (NASDAQ: FTEK) reported Q1 2024 financial results, highlighting revenue declines, expected revenue growth, and positive prospects. Consolidated revenues decreased to $5.0 million, with a rise in gross margin to 40.9%. SG&A expenses increased slightly, while net income improved to $281,000. APC segment backlog was $6.2 million, and FUEL CHEM segment revenue declined. Adjusted EBITDA loss was $(1.5) million. Cash and investments stood at $32.1 million. Stockholders' equity was $44.0 million with no debt.
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