Canaccord Genuity maintains a 'Hold' on Fuel-Tech (FTEK); CSAPR Cools Off Near-Term
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Price: $3.93 +8.56%
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade FTEK Now!
Canaccord Genuity maintains a 'Hold' on Fuel-Tech (NASDAQ: FTEK) price target of $7.00.
Analyst, John Quealy, said, "We maintain our rating near term, as continued challenging power market dynamics and regulatory uncertainty bear monitoring in H1/12. That said, we find Fuel Tech very well positioned to re-accelerate P&L momentum (as evidenced by strong backlog trends) should CSAPR get resolved favorably in the mid- to late-2012 timeframe."
"We estimate an elevated SG&A (end-of-year incentive plan true-up, professional and international fees) expense and a higher-than-expected tax rate to be a collective $0.04 EPS headwind in the quarter...Our new 2012 estimates go to $98.0M/$0.29 from $100.0M/$0.33, while we introduce 2013 estimates of $115.0M/$0.40."
For an analyst ratings summary and ratings history on Fuel-Tech click here. For more ratings news on Fuel-Tech click here.
Shares of Fuel-Tech closed at $5.60 yesterday, with a 52 week range of $3.77-$9.22.
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Analyst, John Quealy, said, "We maintain our rating near term, as continued challenging power market dynamics and regulatory uncertainty bear monitoring in H1/12. That said, we find Fuel Tech very well positioned to re-accelerate P&L momentum (as evidenced by strong backlog trends) should CSAPR get resolved favorably in the mid- to late-2012 timeframe."
"We estimate an elevated SG&A (end-of-year incentive plan true-up, professional and international fees) expense and a higher-than-expected tax rate to be a collective $0.04 EPS headwind in the quarter...Our new 2012 estimates go to $98.0M/$0.29 from $100.0M/$0.33, while we introduce 2013 estimates of $115.0M/$0.40."
For an analyst ratings summary and ratings history on Fuel-Tech click here. For more ratings news on Fuel-Tech click here.
Shares of Fuel-Tech closed at $5.60 yesterday, with a 52 week range of $3.77-$9.22.
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