Needham & Company Maintains a 'Hold' on Fuel-Tech (FTEK); Regulatory Uncertainty
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Price: $3.78 +0.27%
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade FTEK Now!
Needham & Company 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 should CSAPR get resolved favourably in the mid to late ’12 timeframe."
"Our CY12 estimates go to $100.2M/$0.22 from $100.0M/$0.33, while CY13
estimates adjust to $114.5M/$0.32 from $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 $4.44 yesterday, with a 52 week range of $3.77-$8.45.
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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 should CSAPR get resolved favourably in the mid to late ’12 timeframe."
"Our CY12 estimates go to $100.2M/$0.22 from $100.0M/$0.33, while CY13
estimates adjust to $114.5M/$0.32 from $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 $4.44 yesterday, with a 52 week range of $3.77-$8.45.
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