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FTEK

Fuel Tech

$1.07

0.03 (2.88%)

16:44
11/04/19
11/04
16:44
11/04/19
16:44

Fuel Tech awarded air pollution control orders totaling $2.1M

Fuel Tech announced the receipt of multiple air pollution control contracts from customers in the US and Europe. These awards have an aggregate value of approximately $2.1M. An order was received for a Selective Catalytic Reduction (SCR) system for an industrial process unit firing natural gas located in the United States. The scope includes Fuel Tech's SCR and UDI(TM) Urea Direct Injection technologies, along with ancillary systems to reduce nitrogen oxide (NOx) emissions from a metal processing line. Fuel Tech's UDI process, similar to our ULTRA(R) technology, provides the safe use of urea reagent where SCR is used to reduce NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Equipment deliveries are expected to be completed in the third quarter of 2020. A contract was received for an ULTRA(R) system that will be installed on a natural gas-fired steam boiler in the western United States retrofitted with SCR technology. Fuel Tech's ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent where SCR is used to reduce NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. This ULTRA system is a permanent system on a unit where a temporary ULTRA rental unit replaced a competing technology. Equipment delivery will be in the first quarter of 2020. In Europe, several change orders to three existing contracts for SCR related systems were also received. Work will be completed in the fourth quarter of 2019.

  • 14

    Nov

FTEK Fuel Tech
$1.07

0.03 (2.88%)

12/10/18
HCWC
12/10/18
INITIATION
Target $2
HCWC
Buy
Fuel Tech initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Amit Dayal started Fuel Tech with a Buy rating and $2 price target. The company provides air pollution control and combustion efficiency products and services to utility and industrial customers, Dayal tells investors in a research note. He believes Fuel Tech's "blue chip" client base, "strong" intellectual property, global distribution, and expanding product portfolio, position it favorably in a "highly competitive" emissions control industry.

TODAY'S FREE FLY STORIES

AXTA

Axalta Coating

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-0.41 (-1.36%)

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NLOK

NortonLifeLock

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0.86 (3.38%)

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  • 19

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NFLX

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PH

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  • 05

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

$0.00

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LK

Luckin Coffee

$30.72

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QTT

Qutoutiao

$2.70

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SMAR

Smartsheet

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SFIX

Stitch Fix

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CHWY

Chewy

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  • 10

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RST

Rosetta Stone

$16.55

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  • 11

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RPAI

Retail Properties of America

$13.90

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  • 11

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PYPL

PayPal

$104.01

0.25 (0.24%)

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  • 10

    Dec

  • 11

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QTT

Qutoutiao

$2.75

-0.11 (-3.85%)

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PWFL

PowerFleet

$5.90

(0.00%)

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PowerFleet management to meet with Barrington »

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  • 11

    Dec

QTT

Qutoutiao

$2.74

-0.12 (-4.20%)

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JBLU

JetBlue

$18.86

-0.06 (-0.32%)

10:05
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JetBlue call volume above normal and directionally bullish »

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10:05
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The FOMC began its 2-day meeting »

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PRFT

Perficient

$42.14

-0.2 (-0.47%)

10:04
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Perficient management to meet with Jefferies »

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  • 11

    Dec

  • 12

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