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. reports developments in emissions control, boiler optimization and water treatment technologies for utility and industrial applications. Company news commonly covers financial results, Air Pollution Control awards, Selective Catalytic Reduction projects, and activity in the FUEL CHEM® segment, which applies chemical programs and modeling to boiler performance issues.
Updates also describe progress in the DGI® Dissolved Gas Infusion division, customer demonstrations, backlog and contract activity, conference presentations, and the balance-sheet context included with quarterly reporting. The recurring themes center on project timing, segment revenue mix, utility and industrial customer demand, and commercialization of Fuel Tech’s engineering-based environmental technologies.
Fuel Tech, Inc. (NASDAQ: FTEK) plans to release its financial results for Q2 2021 on August 10, 2021, after market close. A conference call will be held on August 11 at 10:00 am ET to discuss the outcomes and ongoing business activities. Participants can join via phone or through the company's website. Fuel Tech specializes in advanced technologies for emissions control and water treatment, recognized for its FUEL CHEM® technology that enhances combustion efficiency and environmental performance in numerous units globally.
Fuel Tech, Inc. (NASDAQ: FTEK) has secured multiple contracts for air pollution control (APC) totaling approximately $4.5 million from clients in Korea, North America, and Europe. These include orders for Selective Catalytic Reduction (SCR) technology and catalyst replacements. The company also completed two US demonstrations of its DGI™ wastewater treatment technology. CEO Vincent J. Arnone expressed optimism about increasing market activity due to improved economic conditions post-COVID-19.
Fuel Tech, Inc. (NASDAQ: FTEK) announced its inclusion in the Russell Microcap® Index, effective June 25, 2021. This milestone is perceived as a recognition of the company's progress and the opportunities it seeks. Vincent J. Arnone, President and CEO, highlighted the positive implications of increased visibility among institutional investors, crediting the company's debt-free balance sheet. Fuel Tech specializes in advanced engineering solutions, focusing on air pollution control and water treatment technologies, which have been deployed globally across over 1,200 utility and industrial units.
Fuel Tech, Inc. (NASDAQ: FTEK) announced plans for its Annual Meeting of Stockholders on May 20, 2021, including a conference call for participation. The meeting will be brief, focusing solely on voting items without a management presentation. Shareholders can access details in the proxy statement filed with the SEC on March 26, 2021. Fuel Tech specializes in advanced engineering for combustion systems, emissions control, and water treatment, leading in nitrogen oxide reductions and particulate control globally, with over 1,200 installations.
Fuel Tech, Inc. (NASDAQ: FTEK) reported a 33.2% increase in Q1 2021 revenues, reaching $5.0 million compared to $3.8 million in Q1 2020, primarily driven by a nearly 60% growth in FUEL CHEM segment sales due to higher power demand and recovery from COVID-19.
However, the Air Pollution Control (APC) segment faced sluggish performance with revenues declining to $0.9 million from $1.2 million. Notably, the company ended the quarter with $36.1 million in cash and no debt, emphasizing a strong financial position.
Fuel Tech, Inc. (NASDAQ: FTEK) will release its financial results for Q1 2021 on May 12, 2021, after market close. A conference call is scheduled for May 13, 2021, at 10:00 am ET to discuss these results and business activities. Interested participants can join the call by dialing (877) 423-9820 for domestic or (201) 493-6749 for international. The call will also be available online at www.ftek.com. Fuel Tech specializes in technologies for air pollution control and water treatment, with a strong emphasis on optimizing combustion systems.
Fuel Tech, Inc. (NASDAQ: FTEK) reported Q4 2020 revenues of $6.2 million, up 26.5% from Q4 2019. The company narrowed its net loss to $(1.5) million or $(0.07) per share, compared to $(4.3) million in Q4 2019. Cash reserves stand at approximately $37 million following a financing round in February 2021. The company aims to capitalize on global demand for emissions control and water treatment solutions, particularly focusing on their FUEL CHEM® and DGI™ technologies. SG&A expenses reduced by 15.3% to $3.8 million. The total backlog in the Air Pollution Control segment was $5.3 million as of December 31, 2020.
Fuel Tech, Inc. (NASDAQ: FTEK) will announce its financial results for Q4 and the full year ended December 31, 2020, on March 15, 2021, post-market. Management will host a conference call on March 16, 2021, at 10:00 AM ET to discuss the results. Interested participants can join via phone or access the call through the company website. Fuel Tech specializes in technologies for emissions control, process optimization, and water treatment, aiming for cost-effective and environmentally sustainable solutions in combustion systems.
Fuel Tech, Inc. (NASDAQ: FTEK) has successfully closed a private placement of 5 million common shares and warrants for $5.1625 each, generating approximately $25.8 million in gross proceeds. The warrants, with an exercise price of $5.10, are immediately exercisable and will expire in five and a half years. Funds from this offering will primarily be used for working capital. The company is required to file a resale registration statement by February 27, 2021, with a target for effectiveness by May 18, 2021.
Fuel Tech, Inc. (NASDAQ: FTEK) has announced a private placement of 5 million shares of common stock priced at $5.1625 per share, alongside warrants for an additional 2.5 million shares. This placement is expected to generate gross proceeds of approximately $25.8 million, with the offering set to close around February 17, 2021, pending customary conditions. H.C. Wainwright & Co. is the exclusive placement agent. The securities will not be registered under the Securities Act, necessitating a resale registration statement to be filed within 10 days post-closing.