Fuel Tech, Inc. (FTEK)

Fuel Tech's stock has experienced fluctuations influenced by its financial reporting and business developments. The stock has shown a significant increase of 70.75% over the last year. Key events include Q1 2025 financial results with a 29% revenue increase, Q2 2025 financial results with a reported loss, new air pollution control orders totaling $3.2 million, Q3 2025 financial results with earnings matching forecasts but revenue falling short, and participation in investor conferences.

There is an indication of seasonality in the demand for some of Fuel Tech's services. The company can evaluate seasonal catalyst performance and provide solutions for year-round operation of SCR systems. The FUEL CHEM segment's performance can be influenced by plant maintenance and outage schedules, implying that demand for these chemical programs might be cyclical.

Fuel Tech, Inc. specializes in advanced engineering processes for emissions control systems and water treatment technologies. The company operates in the Industrials sector, focusing on Pollution Control Equipment and Clean Technology. Fuel Tech develops and commercializes technologies for air pollution control, process optimization, water treatment, and advanced engineering services. The company's offerings are categorized into Air Pollution Control Technology, FUEL CHEM Technology, and Water Technologies. Air Pollution Control Technologies include NOx control systems, particulate matter control systems, and urea-to-ammonia conversion technology. FUEL CHEM Technologies utilize TIFI® technology to improve the efficiency, reliability, and environmental performance of combustion units. Water Technologies offers DGI® Dissolved Gas Infusion systems for various applications in the water and wastewater industries.

Fuel Tech's headquarters are in Warrenville, Illinois, with domestic offices in North Carolina, Connecticut, and Ohio. Internationally, it has offices in Italy and China. Its Air Pollution Control technologies are installed worldwide on over 1,200 to 1,300 combustion units, serving customers across the United States, the Americas, Europe, South Africa, and the Pacific region.

Fuel Tech's brand reputation has been shaped by its financial performance, new contract awards, and participation in industry events. Press releases regarding quarterly financial results highlight strategic growth initiatives and a strong balance sheet. Announcements of new air pollution control orders contribute positively by demonstrating continued demand. Participation in investor conferences helps maintain visibility. The acquisition of intellectual property from Wahlco, Inc. enhances its technological portfolio.

Fuel Tech has a mixed ownership structure, with significant holdings by both institutional and insider shareholders. Approximately 23.00% of the company is owned by institutional shareholders, while Fuel Tech insiders hold 97.95%. Major institutional owners include Grace & White Inc /ny, Vanguard Group Inc, Renaissance Technologies LLC, Geode Capital Management LLC, and BlackRock, Inc. Ralph E. Bailey is the largest individual shareholder, owning 57.94% of the company, with other major individual owners including Bettye J. Bailey, J. Bailey Grat A2015 U. Bettye, Douglas G. Bailey, and Vincent J. Arnone (CEO).