Fuel Tech

At the H.C. Wainwright conference, Fuel Tech presented a growth plan based on organic growth, selective acquisitions and tighter commercial execution. Management expects annual revenue of over $26.5 million, reports an order backlog of about $20 million and an air‑emissions pipeline of more than $150 million (roughly $15 million already booked). The focus remains on three segments: air emissions control, margin‑rich chemical engineering with recurring revenue, and early pilot projects in water technology; future M&A will be small and value‑enhancing (target EBITDA around $2 million). CEO Ramesh Nuggihalli highlighted the strong balance sheet, supply‑chain relationships and the prioritization of sales excellence to execute the pipeline. » More on de.investing.com

Fuel Tech has won several orders totaling about $2.8 million for emissions control systems and services. Orders include a urea reagent feed system to support SCR for a new U.S. utility, scheduled for delivery in Q3 2027, and two orders for electrostatic precipitator performance modelling to be completed in Q4 2026. The company also agreed to a contract to demonstrate SNCR technology at a waste‑to‑energy plant in Q3 2026, with a potential follow‑on order for permanent installation in Q4 2026. With these wins, the company reports year‑to‑date announced orders of $15 million and an effective backlog of $20 million. » More on de.investing.com

Fuel Tech reported a Q2 2026 loss of $0.04 per share and revenue of $6.49 million, with both earnings and revenue slightly below expectations. Revenue rose 17% year-on-year, but gross margin fell from 46% to 41%, widening the net loss to $1.2 million. The APC backlog reached its highest level since 2018, and management expects full-year 2026 revenue growth but sees risks from margin pressure and timing of large projects. » More on de.investing.com