Needham & Company Maintains a 'Hold' on Fuel-Tech (FTEK); Regulatory Uncertainty

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.

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