Fuel Tech Positioned for Growth: Strong Financials and Strategic Initiatives Drive Buy Rating
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Analyst Amit Dayal from H.C. Wainwright has maintained a Buy rating on Fuel Tech with a price target of $4.00, citing the company's strong financial position and growth potential. Despite a slight revenue decline in Q3 2025, Fuel Tech showed improved gross margins and maintained profitability. With $33.8 million in cash and no debt, the company is well-positioned for growth, especially with strategic initiatives like acquiring intellectual property from Wahlco, Inc. Dayal believes the recent stock pullback is an overreaction and sees Fuel Tech as an attractive investment for 2026.
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