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Tag: FTEK

  • Fuel Tech, Inc. (FTEK) Stock Dropped in Aftermarket Following the Financial Statement Release.

    Fuel Tech, Inc. (FTEK) Stock Dropped in Aftermarket Following the Financial Statement Release.

    Fuel Tech, Inc. (FTEK) is a company focused on the production and marketing of advanced exclusive systems for controlling air pollution, and the latest engineering services. The company offers its clients some platforms to operate in a cost-efficient manner without harming the environment. The company is the leader in the lessening of nitrogen oxide from the environment. Its FUEL CHEM® technology enhances effectivity, and fuel flexibility, by controlling fouling, corrosion, and opacity.

    The price of FTEK stock in the regular trading on March 8, 2022, with a gain of 15.4% was $1.42. Its price declined by 4.23% at the last check of the aftermarket session.

    FTEK: Key Financials

    On March 8, 2022, FTEK reported its financial consequences for Q4 2021 concluded December 31, 2021. Some important highlights are cited here.

    Revenue

    Net revenues in Q4 2021 were $6.5 million in comparison to $6.2 million during the comparable fourth quarter of 2020. It observed a gain of $0.3 million in its consolidated revenue YoY. The company’s revenue estimates were missed by $640 thousand.

    EPS

    Basic and diluted net loss per share for the fourth quarter of 2021 was $0.2 million, or $0.01 compared to $1.5 million, or $0.07 for the comparable quarter of 2020. The company reported a notable dip in its net loss YoY. Also, its EPS estimations were missed by -$0.01.

    FTEK: Events and Happenings

    On February 22, 2022, FTEK reported that it received multiple air pollution control agreements from its clientele in different countries. These contracts have a cumulative value of up to $5.3 million. On September 7, 2021, FTEK announced its Executive management’s presentation at the Virtual 23rd Annual H.C. Wainwright Global Investment Conference held on September 13-15, 2021.

    Conclusion

    FTEK stock, due to the pandemic regression in the past year, plummeted by 53%. After the press release regarding the financial statement, the company’s stock soared in Tuesday’s regular trades as it reported higher revenue and EPS from the previous year’s comparable quarter. To shed the gain as a consequence of this news, its stock dipped in the aftermarket trading.

  • .3 million Worth Air Pollution Control Orders: Fuel Tech Inc. (FTEK) stock Surges After Hours

    $5.3 million Worth Air Pollution Control Orders: Fuel Tech Inc. (FTEK) stock Surges After Hours

    On February 22, Fuel Tech Inc. (FTEK) announced receiving total orders worth $5.3 million for air pollution control (APC). Consequently, the stock surged up in the after-hours on Tuesday while it was trading in the red in the prior session.

    The stock took a hit by 2.56% during the regular session as it closed at a value of $1.14 per share. The day’s volume remained just below the average at 305.56K share, 98% of the average. Following the announcement, FTEK stock rebounded in the after-hours to reach a value of $1.29 per share. Thus, the stock was able to add a good 13.16% or $0.15 in the after-hours session when the company announced the good news.

    Founded in 1987, the Warrenville-based company, Fuel Tech Inc. has a market capitalization of $35.41 million. Currently, the company has 30.26 million shares outstanding in the market. With a year-to-date loss of 318.57%, FTEK stock has declined by 3.39% in the past five days. Moreover, the stock lost a value of 71.78% last year.

    APC Orders

    According to the announcement, the company has received multiple APC contracts from customers in India, S.A, U.S, and China. The total aggregate value of these orders is $5.3 million approx. These contracts include the following:

    Fuel Gas Conditioning (FGC) systems contract for large coal-fired boilers in India. The company expects to complete equipment deliveries for the contract in Q2 2023 with project startup in Q2 2023.

    An EPS upgrade order for a large coal-fired utility boiler in South Africa. With the expected completion of the engineering phase in Q1 2022, the installation and startup are expected to complete in Q3 2022.

    Selective Catalytic Reduction (SCR) technology system with ULTRA® to be installed at a chemical processing facility in the U.S. FTEK expects to complete deliveries in Q3 2022.

    Two additional contracts for ULTRA systems in the U.S. with expected deliveries in Q2 and Q4 2022.

    Selective Non-Catalytic Reduction (SNCR) systems contract for a waste incinerator in the U.S. with completion expected in Q3 2022.

    NOX OUT® systems order at a glass fabrication facility in China with expected delivery in Q3 2022.

    FTEK’s Financials

    In Q3 2021, the consolidated revenues were $7.6 million, against $8.2 million in the year-ago period.

    Furthermore, FTEK had a net income of $0.7 million in Q3 2021, against $2.4 million in the prior-year quarter. Resultantly, the net income per share was $0.02 and $0.10 in Q3 of 2021 and 2020, respectively.

    Additionally, the company ended the quarter with cash and cash equivalents of $35.2 million and restricted cash of $1.1 million.

  • Here is why Fuel Tech Inc. (FTEK) stock surged in the after-markets on Monday?

    Fuel Tech Inc. (FTEK) shares surged 26.84% in after-hours on Monday, July 26, 2021, and closed the daily trading at $2.41.  Earlier in the regular trading session, FTEK’s stock gained 0.53%. FTEK shares have risen 103.97% over the last 12 months, and they have moved down 0.52% in the past week. Over the past three months, the stock has lost 20.17%, while over the past six months, it has declined 70.50%. The company has a current market of $59.01 million and its outstanding shares stood at 27.51 million.

    Let’s have a look at its recent news and developments.

    New FTEK Air Pollution Control Orders

    On July 26, 2021, Fuel Tech, Inc was awarded multiple air pollution control (APC) contracts from customers in Korea, North America, and Europe. These awards have an aggregate value of approximately $4.5 million.

    The company also completed two on-site US demonstrations of its DGI™ Dissolved Gas Infusion water treatment technology.

    FTEK Induction on Russell Microcap Index

    Fuel Tech, Inc (FTEK) was added to the Russell Microcap Index effective at the close of trading on June 25, 2021.

    Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.

    Annual Meeting of Stockholders

    The annual meeting of Fuel Tech stockholders was held on May 20, 2021. There are no other details are available about the meeting agenda.

    Recent financial results announcement

    On May 12, 2021, Fuel Tech, Inc. (FTEK) reported its financial results for the first quarter ended March 31, 2021.

    Q1 2021 financial highlights

    • Fuel Tech, Inc reported consolidated revenue of $5.0 million in Q1 2021 compared to $3.8 million in Q1 2020.
    • In Q1 2021, the Gross margin was 46.9% compared to 40.4% in Q1 2020.
    • Selling, general and administrative expenses were $3.1 million in Q1 2021, compared to $3.9 million in Q1 2020.
    • FTEK suffered a net loss of $1.2 million in Q1 2021 compared to $2.7 million in Q1 2020.
    • In Q1 2021, net income was $0.4 million, or $0.01 per share, compared to a net loss of $2.6 million, or $0.10 per share, in Q1 2020.
    • Adjusted EBITDA was negative $0.9 million in Q1 2021 compared to negative Adjusted EBITDA of $2.2 million in Q1 2020.
    • The company had cash and cash equivalents of $35.7 million and restricted cash of $0.4 million on March 31, 2021.

    Conclusion

    The recent new orders were the reason behind exceptional gains by FTEK stock on Monday. It can continue its momentum in the coming days as well.

  • What changed for these 24 stocks in Pre Market Session

    What changed for these 24 stocks in Pre Market Session

    Sundial Growers Inc. (SNDL) stock plunged -4.62% to $0.287 in the pre-market trading. The company recently reported that it will participate in Cowen’s 2020 Boston Cannabis Conference, to be held virtually between November 30 and December 2, 2020. The most recent rating by CIBC, on August 17, 2020, is a Neutral.

    Ideanomics Inc. (NASDAQ: IDEX) shares are trading down -8.89% at $2.87 at the time of writing after the declaration by company that it has increased its stake in California-based Solectrac, Inc. through a follow-on investment of an additional $1.3 million. Company’s 52-week ranged between $0.28 to $3.98.

    Fuel Tech Inc. (FTEK), a Pollution & Treatment Controls company, dropped about -16.89% at $5.02 in pre-market trading Wednesday.

    Yunji Inc. (YJ) gained over 33.8% at $5.74 in pre-market trading Wednesday November 25, 2020 following the publication that the company has signed a cooperative framework agreement with Douyin, a leading Chinese live streaming platform owned by Bytedance.

    XPeng Inc. (XPEV) is down more than -5.69% at $66.61 in pre-market hours Wednesday November 25, 2020. The stock had dropped over -2.13% to $70.63 in the last trading session.

    DPW Holdings Inc. (DPW) stock plunged -6.66% to $5.89 in the pre-market trading after a news declared by the DPW Holdings, that its power electronics business, Coolisys Technologies Corp.® (“Coolisys®”), has established a program targeting both national and regional fast-food franchises to install the ACECool™ electric vehicle (“EV”) chargers as a part of a revenue sharing program.

    Li Auto Inc. (NASDAQ: LI) shares are trading down -5.14% at $41.7 at the time of writing. Company’s 52-week ranged between $14.31 to $44.18. Analysts have a consensus price target of $45.60.

    Macy’s Inc. (M) stock moved down -4.7 percent to $10.35 in the pre-market trading. The retail organization recently publicized that Malek Robert Amirshahi has been named senior vice president of corporate communications for Macy’s, Inc., effective December 7, 2020.

    Occidental Petroleum Corporation (OXY) lost over -3.52% at $16.19 in pre-market trading Wednesday November 25, 2020.

    Before the trading started on November 25, 2020, Blink Charging Co. (BLNK) is down -4.37% to reach $26.89. The organization recently told that it has acquired the EV charging operator U-Go Stations, Inc. and its portfolio of 44 DCFC charging locations. It has been trading in a 52-week range of $1.25 to $34.67.

    Tilray Inc. (TLRY) stock plunged -4.85% to $7.45 in the pre-market trading after the firm reported that it has entered into privately negotiated exchange agreements with certain holders of its 5.00% Convertible Senior Notes due 2023. The most recent rating by Jefferies, on November 16, 2020, is an Underperform.

    Marathon Patent Group Inc. (NASDAQ: MARA) shares are trading up 9.78% at $5.39 at the time of writing. Company’s 52-week ranged between $0.35 to $5.25. Analysts have a consensus price target of $7.50.

    Advaxis Inc. (ADXS), a Biotechnology company, rose about 7.36% at $0.3049 in pre-market trading Wednesday after the recent declaration by firm, the pricing of an underwritten public offering of (i) 26,666,666 shares of common stock and warrants to purchase up to 13,333,333 shares of common stock.

    ECMOHO Limited (MOHO) is down more than -22.22% at $2.8 in pre-market hours Wednesday November 25, 2020. The stock had jumped over 151.75% to $3.60 in the last trading session.

    Ayro Inc. (AYRO), a Auto Manufacturers company, dropped about -6.32% at $8.15 in pre-market trading Wednesday. The firm recently declared that the closing of its previously reported registered direct offering for an aggregate of $10 million in gross proceeds with Carnegie Hudson Resources, an investment arm of Wanxiang America, along with several existing institutional investors.

    Borr Drilling Limited (BORR) lost over -5.64% at $0.8766 in pre-market trading Wednesday November 25, 2020.

    OrganiGram Holdings Inc. (OGI) is down more than -1.64% at $1.2 in pre-market hours Wednesday November 25, 2020 after the healthcare company declared that it will report earnings results for its fourth quarter and full year Fiscal 2020 ended August 31, 2020 on Monday November 30th, 2020 before market open. The stock had jumped over 8.93% to $1.22 in the last trading session.

    Before the trading started on November 25, 2020, The Macerich Company (MAC) is down -4.5% to reach $10.41. It has been trading in a 52-week range of $4.56 to $26.20.

    The Gap Inc. (GPS), a Apparel Retail company, dropped about -11.57% at $23.76 in pre-market trading Wednesday after the company recently reported its financial results for the third quarter of fiscal year 2020, ending October 31.

    Aphria Inc. (NASDAQ: APHA) shares are trading down -3.65% at $6.6 at the time of writing. Company’s 52-week ranged between $1.95 to $6.60.

    Canaan Inc. (CAN), a Computer Hardware company, rose about 2.77% at $5.57 in pre-market trading Wednesday. The technology company plans to release its third quarter 2020 financial results before the market opens on Monday, November 30, 2020.

    Foresight Autonomous Holdings Ltd. (FRSX) is down more than -4.62% at $1.24 in pre-market hours Wednesday November 25, 2020. The stock had dropped over -2.99% to $1.30 in the last trading session.

    India Globalization Capital Inc. (IGC) stock plunged -7.43% to $1.37 in the pre-market trading. The firm reported that it is enrolling participants suffering from mild to severe dementia due to Alzheimer’s disease for its Phase 1 clinical trial.

    Jumia Technologies AG (NYSE: JMIA) shares are trading down -5.86% at $28.62 at the time of writing. Company’s 52-week ranged between $2.15 to $31.19. Analysts have a consensus price target of $4.50.

  • Market Movers: What changed for these 28 stocks while you were sleeping

    Market Movers: What changed for these 28 stocks while you were sleeping

    Aurora Cannabis Inc. (NYSE: ACB) shares are trading down -15.66% at $7.0 at the time of writing. The company’s 52-week range was noted as $3.71 to $45.48. Meanwhile, Aurora Cannabis revealed Proposed Public Offering.

    Pareteum Corporation (TEUM) tumbled over -57.47% at $0.1999 in pre-market trading today after Pareteum Delivered Business Update in Open Letter to Shareholders.

    Waitr Holdings Inc. (WTRH), a Software – Application company, rose about 6.59% at $2.75 in pre-market trading Wednesday.

    Jumia Technologies AG (JMIA) stock moved up 4.49 percent to $13.49 in the pre-market trading after Jumia posted Third Quarter 2020 Results.

    Tilray Inc. (TLRY) lost over -5.76% at $7.85 in pre-market trading Wednesday 11 November 2020 after the pot company vows profit despite slow sales growth.

    9F Inc. (JFU) is up more than 6.73% at $1.11 in pre-market hours Wednesday 11 November 2020 after the company shares had dropped over -14.75% to $1.04 in the last trading session.

    InnSuites Hospitality Trust (IHT) stock plunged -6.86% to $1.9 in the pre-market trading.

    Before the trading started on 11 November 2020, Destination XL Group Inc. (DXLG) is up 6.32% to reach $0.3296 after the largest omni-channel specialty retailer of big & tall men’s apparel, revealed on November 06, 2020, to announce its third-quarter 2020 results before the market opens on Friday, November 20, 2020. The stock has been trading in a 52-week range of $0.22 to $1.56.

    Novavax Inc. (NVAX) stock soared 5.28% to $82.9 in the pre-market trading following the news that Novavax, working with Morrisville firm, secured fast-track status for Covid-19 vaccine candidate. The most recent rating by H.C. Wainwright, on August 06, 2020, is at a Buy.

    Carnival Corporation & plc (NYSE: CUK) shares are trading up 6.02% at $15.67 at the time of writing after the company announced the sale of 67.1 million shares of Carnival Corporation common stock under its previous $1 billion “on the market” stock offering plan. The company’s 52-week range was noted as $7.08 to $49.03.

    Ballard Power Systems Inc. (BLDP) grew over 4.91% at $15.81 in pre-market trading today after its latest performance.

    Farfetch Limited (FTCH), an Internet Retail company, rose about 4.54% at $42.86 in pre-market trading Wednesday following the announcement on November 5, 2020, that Alibaba and Richemont will be investing $600 million in private convertible notes issued by Farfetch Limited.

    FSD Pharma Inc. (HUGE) stock moved up 14.39 percent to $1.59 in the pre-market trading as Raza Bokhari, CEO of FSD Pharma Inc (NASDAQ: HUGE), revealed that the biopharma company is fully funded to continue progress in its Phase 2 trial on the treatment of patients with hospitalized coronavirus.

    Fuel Tech Inc. (FTEK) gained over 64.26% at $1.25 in pre-market trading Wednesday 11 November 2020 after Fuel Tech Reported 2020 Third Quarter Financial Results.

    HEXO Corp. (HEXO) is down more than -3.88% at $0.75 in pre-market hours Wednesday 11 November 2020 following the announcement by the company that Health Canada has granted Trent MacDonald’s security clearance request under the Cannabis Act. The stock had dropped over -5.99% to $0.78 in the last trading session.

    Before the trading started on 11 November 2020, Phoenix Tree Holdings Limited (DNK) is up 4.61% to reach $1.59. It has been trading in a 52-week range of $1.27 to $13.90.

    DouYu International Holdings Limited (DOYU) stock soared 4.7% to $14.25 in the pre-market trading as China’s leading game-centric live streaming site and a leader in the value chain for eSports, today revealed its financial results for the third quarter. The most recent rating by China Renaissance, on November 05, 2020, is at a Hold.

    Sundial Growers Inc. (NASDAQ: SNDL) shares are trading down -13.38% at $0.3794 at the time of writing following the report that Sundial Growers Inc. (NASDAQ: SNDL) Shares Could Be 47% Below Their Intrinsic Value Estimate. The company’s 52-week range was noted as $0.14 to $4.02.

    Lyft Inc. (LYFT) grew over 5.69% at $38.1 in pre-market trading today following the news that it was working on a new service to take a slice of the burgeoning food-delivery market as it works to make up for a 48% drop in quarterly revenue and a slow recovery of ride-hail demand.

     

    Li Auto Inc. (LI), an Auto Manufacturers company, dropped about -3.21% at $24.43 in pre-market trading Wednesday after the company today announced a voluntary recall on some of its Li ONEs.

     

    Gulfport Energy Corporation (GPOR) stock moved up 6.75 percent to $0.28 in the pre-market trading.

     

    Ayro Inc. (AYRO) is down more than -4.98% at $2.67 in pre-market hours Wednesday 11 November 2020. The stock had dropped over -3.77% to $2.81 in the last trading session.  An engineer and manufacturer of light-duty, urban, and short-haul electric vehicles (EVs), on November 6, 2020, announced financial results for its third quarter of 2020.

     

    Before the trading started on 11 November 2020, Cellectar Biosciences Inc. (CLRB) is up 7.14% to reach $1.2 after, Maxim Group analyst Jason McCarthy assigned a buy rating to Cellectar Biosciences (CLRB) and set a $3.00 price target. It has been trading in a 52-week range of $1.01 to $3.33.

     

    GameStop Corp. (GME) stock soared 5.41% to $11.7 in pre-market trading. The most recent rating by Jefferies, on October 12, 2020, is at a Hold. The company announced that it will redeem $125 million in principal amount of its 6.75% Senior Notes due 2021 on December 11, 2020. This voluntary early redemption covers approximately 63% of the outstanding Notes.

     

    Weidai Ltd. (NYSE: WEI) shares are trading down -3.47% at $1.39 at the time of writing. The company’s 52-week range was noted as $0.73 to $6.40.

     

    Performant Financial Corporation (PFMT) grew over 10.16% at $1.03 in pre-market trading today after a leading provider of technology-enabled recovery and related analytics services in the United States, today reported financial results for its third quarter ended September 30, 2020.

     

    Five Prime Therapeutics Inc. (FPRX), a biotechnology company, rose about 278.46% at $20.21 in pre-market trading Wednesday after the company had announced that its gastric cancer drug met all three of its Phase 2 study efficacy endpoints.

     

    Datadog Inc. (DDOG) stock moved down -9.3 percent to $83.99 in the pre-market trading following an estimate-beating sales outlook, but investors who have seen the stock more than double this year have not been pleased. Furthermore, Datadog Released Monitoring Features for Detecting and Debugging DNS Issues.

     

     

     

     

     

  • Stocks to Watch as Bullish Sentiment Strengthens in the Market

    The markets are up this morning driven by hopes that the pandemic could be well on its ways to an end. Since Pfizer and German biotech firm BioNTech announced that their vaccine was 90% effective, the market momentum has largely been positive. European markets have been up all day and this momentum seems to have spilled over to the U.S. where all key indices are up this morning.  The S&P 500 is up by 0.65%, the Dow by 0.64%, and the NASDAQ by 0.99%. The momentum globally is boosted by the fact that governments are showing a willingness to support the mass roll-out of this vaccine. According to the U.K health secretary, the NHS could be ready for a roll-out of this vaccine as early as next month. In the U.S, the Joe Biden win and news of the vaccine has seen investors take more bold moves in the market. All through the pandemic, investors have mainly piled resources on tech stocks. However, this is changing and investors are now allocating resources into the broader market. This could see the stock market rally all the way into 2021. As this momentum gains, fundamentally strong stocks especially in biotech could gain significantly in the near-term. In the day, some of the stocks likely to record gains going by their pre-market performance are as below:

    Five Prime Therapeutics Inc [NASDAQ: FPRX]

    Five Prime Therapeutics Inc is a top performer this morning and is up by over 308.80%. This follows the company’s announcement that its bemarituzumab plus chemotherapy had shown progress in the overall survival of patients when compared to a placebo. Commenting on the results, CEO Helen Collins stated that the results that they had achieved took the company close to the company’s possibly first therapy in the treatment of gastric cancer. She added that the results they observed showed that the therapy could be helpful in the treatment of more cancers.

    Fuel Tech Inc [NASDAQ: FTEK]

    Fuel Tech Inc is a top performer this morning and is up by over 30%. This follows the company’s announcement of strong Q3 results. The company has announced that in Q3. Commenting on the results, the CEO, Vincent Arnone said that while COVID-19 has a negative effect on the company, the staff had worked hard to mitigate its effects and meet customer needs in the best way possible.

    Performant Financial Corporation [NASDAQ: PFMT]

    Performant Financial Corporation is up this morning and is trending higher by over 20%. This follows the release of strong Q3 results that show that the company’s total revenues grew from $35.9 million in Q3 of 2019 to $36.2 million in Q3 of 2020.