Story
Fuel Tech Shares Climb on $2.6 Million in New Pollution Control Orders
Shares of Fuel Tech, Inc. (NASDAQ:FTEK) gained 4.3% in premarket trading Wednesday after the company announced it secured two new air pollution control contracts valued at approximately $2.6 million.
Contract Details
The new awards come from two separate domestic industrial customers. According to the company's announcement, the contracts include:
- An order from a new customer to provide Selective Catalytic Reduction (SCR) systems for two new natural gas-fired turbines. Equipment delivery for this project is scheduled for the fourth quarter of 2027.
- A change order from a repeat customer to modify the scope and accelerate the delivery of an ongoing SCR project. This system is now expected to be completed in the third quarter of 2026.
Fuel Tech's SCR systems are designed to reduce nitrogen oxide (NOx) emissions, as well as carbon monoxide and volatile organic compounds, helping industrial facilities meet regulatory requirements.
AdFinancial Impact and Outlook
The new orders bring Fuel Tech’s total announced contract bookings to $12.6 million year-to-date, a key metric for investors tracking the company's business pipeline. The company also stated it is pursuing additional air pollution control contracts that it anticipates could be awarded by the end of the third quarter of 2026.
The contracts underscore ongoing demand for environmental technologies as industrial operators work to manage emissions from their facilities. Fuel Tech specializes in proprietary solutions for air pollution control, process optimization, and water treatment.
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