24/7 Market News Snapshot 18 February, 2025 – Fuel Tech, Inc. (NASDAQ:FTEK)

February 18, 2025

DENVER, Colo., 18 February, 2025 (247marketnews.com) – (NASDAQ:FTEK) are discussed in this article.
Fuel Tech, Inc. (FTEK) has demonstrated notable upward momentum in its stock performance, with an increase of 16.11% today, climbing from a previous close of $0.925 to a current trading value of $1.074. The trading volume reached 535.75K, indicating heightened interest among investors and potential for volatility. This surge suggests that FTEK may be breaking above recent resistance levels, opening new opportunities for traders. As positive investor sentiment continues, the company’s advancements in clean technology solidify its position in a burgeoning market.

In conjunction with its stock performance, Fuel Tech has announced a significant achievement in expanding its emissions control capabilities through the acquisition of air pollution control (APC) orders totaling approximately $1.6 million. These orders originate from both new and existing clientele, emphasizing the company’s validation in the industry.

Among these contracts, Fuel Tech is poised to implement its ULTRA® system at a prominent institution, where it will be installed on a natural gas turbine paired with a heat recovery steam generator. The innovative ULTRA process enhances on-site conversion of urea to ammonia, presenting a safe and efficient alternative that significantly lowers nitrogen oxides (NOx) emissions. This installation is slated for delivery in the second quarter of 2026.

Moreover, the commencement of an Advanced Selective Non-Catalytic Reduction (ASNCR) system for a municipal waste unit underscores Fuel Tech’s commitment to assisting industrial operators in meeting evolving regulatory demands. The company is also focusing on site services to optimize existing ULTRA systems and provide necessary parts for ongoing SCR and ULTRA projects, with completion expected by the first quarter of 2025.

President and CEO Vincent J. Arnone expressed confidence in the sales pipeline, which holds substantial potential for future APC contracts, projected to accumulate between $4 million and $5 million. Fuel Tech remains resolute in advancing environmental sustainability through its state-of-the-art technologies, effectively addressing the pressing needs for air pollution control and advanced water treatment solutions.

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