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Added to YB: 2026-06-22

Pitch date: 2026-06-18

FTEK [bullish]

Fuel Tech, Inc.

Author Info

Guasty Winds is a former L/S hedge fund analyst turned full-time private investor. Sign up for the newsletter.

Company Info

Fuel Tech, Inc. engages in the development, commercialization, and application of technologies for air pollution control, process optimization, water treatment, and advanced engineering services to utility and industrial customers in the United States, rest of the Americas, Europe, South Africa, the Pacific Rim, and internationally.

Market Cap

$48.0M

Pitch Price

N/A

Price Target

N/A

Dividend

N/A

EV/EBITDA

-7.92

P/E

-15.39

EV/Sales

1.02

Sector

Commercial Services and Supplies

Category

growth

Show full summary:
Fuel Tech ($FTEK): A Deep Value Option on the Data Center Power Buildout

FTEK: Asymmetric play on data center gas turbine demand. SCRs for NoX control mandatory for BTM deployments; pulled into GE/CAT bids. First $10m deal in May validates tech; 8-10 near-term opps ($2-120m). ~$1/sh cash (75% of mkt cap) limits downside to 10-20%. Every $10m deal=$3.5m EBITDA at ~breakeven; $50m awards=$15m EBITDA at <1x. Multi-bagger upside, limited downside. Long.

Read full article (3 min)