H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Fuel Tech (FTEK) today and set a price target of $2. The company’s shares closed on Friday at $1.35.
According to TipRanks.com, Dayal is ranked 0 out of 5 stars with an average return of -7.5% and a 42.9% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and Orion Energy Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fuel Tech with a $2 average price target.
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Based on Fuel Tech’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $896K. In comparison, last year the company had a GAAP net loss of $1.21 million.
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Fuel Tech, Inc. engages in the development, commercialization, and application of proprietary technologies for air pollution control, process optimization, combustion efficiency, and advanced engineering services. It operates through the following segments: Air Pollution Control and Fuel Chem.
