FTEK · Fuel Tech, Inc.
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Aug 5, 2026TL;DR. Fuel Tech reported Q2 2026 consolidated revenue up 17% to $6.5 million with APC backlog more than doubling to $14.3 million (effective ~$17 million including $2.6M in new awards), but consolidated gross margin fell to 41% from 46% and the net loss widened to $(1.2) million. CEO Vincent Arnone announced his retirement effective August 10, 2026, with Ramesh Nuggihalli named successor, and the company expects 2026 revenue to exceed 2025 driven by APC and FuelChem, with a potential 2027 contribution from a large data-center opportunity.
- + Engineering has commenced on the $10M Midwest utility contract with equipment delivery in Q4 2027 and a 2029 operational date.
- + DGI extended hatchery demo delivered strong performance and the client has requested a full-hatchery proposal.
- + Management expects 2026 revenue to exceed 2025 with APC exceeding 2025 performance.
- − Consolidated gross margin declined to 41% from 46% on lower segment margins.
- − APC segment gross margin fell sharply to 36% from 44% on project mix and execution costs.
- − Net loss widened to $(1.2)M from $(0.7)M with operating loss growing to $(1.6)M.
- − Two expected Q2 data-center opportunities did not convert; one did not develop and another was delayed, leaving timing uncertain.
- − Long-time CEO Vincent Arnone is retiring effective August 10, 2026, creating leadership transition risk.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Pollution & Treatment Controls — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FTEK
this stock
Fuel Tech, Inc.
|
$53.54M | +6.4% | -46.1% | — | 1.2% |
|
VLTO
Veralto Corp
|
$23.86B | -5.1% | +6.0% | 25.0 | 2.7% |
|
ZWS
Zurn Elkay Water Solutions Corp
|
$7.75B | +2.5% | +19.4% | 37.5 | 2.9% |
|
CECO
Ceco Environmental Corp
|
$4.14B | +23.1% | +38.8% | — | 3.4% |
|
PCT
PureCycle Technologies, Inc.
|
$1.01B | -48.9% | — | — | 28.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FTEK | -3.2% | +16.1% | +29.7% | +2.5% | +6.4% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -3.0% | +16.5% | +17.5% | +1.6% | -6.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.