ROARABLE
FREE $100K
Today Screener Big Ideas Track Record 💰 $100K Arena 🎲 Predictions 🏛️ Insiders 8 Analysts
Stock Ratings / Industrials / FTEK / forecast
PPIH (48) DCI (57) MAIR (47) DSWL (44) ⌘ Pro Terminal →

Fuel Tech Inc. (FTEK) 12-Month Stock Forecast & Price Target Cone

$1.43 -1.72% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $1.42

Fuel Tech Inc. (FTEK) carries a Roarable Rating of D- (Sell) with 39/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $45.3M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on FTEK Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is FTEK stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
▼

As of 2026-11-03, Fuel Tech Inc. (NASDAQ: FTEK) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 39/100 at a spot price of $1.43 (-1.72% 1D, market cap $45.3M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 8/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 9/20. Across 486 tracked Industrials issuers, FTEK ranks #345 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does FTEK compare to PPIH and DCI in the Industrials sector?
▼

Within the Industrials sector (Pollution Control Equipment), FTEK carries a Roarable D- (39/100 RQD), trailing P/E of N/A, gross margin of 46.4%, and ROIC of -10.4%. By comparison, PPIH (Perma-Pipe International Holdings Inc.) holds a D grade (48/100 RQD, P/E 14.4x, ROIC 27.5%, cap $240.1M) and DCI (Donaldson Company Inc.) posts a D+ grade (57/100 RQD, P/E 26.9x, ROIC 19.5%, cap $9.62B). Among the 5-stock peer group, DSWL leads on earnings multiple (4.4x) while PPIH leads on capital efficiency (27.5% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FTEK?
▼

Per FTEK's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000846913), Fuel Tech Inc. generated $26.7M in revenue (+6.1% YoY), -$2.3M in net income, and $3.0M in free cash flow against $47.2M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $1.42 (-0.50%)🧬 Disciplined Float (-0.40% YoY Shares)⚙️ Cash Engine: 9/20 (D) • 11.3% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (39/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.6% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • D-
025507510039
3-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D-
Cash (9)Whales (4)SEC (8)Macro (9)CEO (9)
Each axis scored 0–20
12M PRICE TARGET CONE-8.4% Base Target
$3 Bull$1 Base$1 Bear
📬 FREE FTEK RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FTEK)Realized 20D OHLCV Swing Band: ±12.3%
Deterministic 5-Pillar Attribution (39/100 Composite)
🔍 WHY FTEK SCORES 39/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Cash Engine Quality+9/20 pts (23% of score)

SEC XBRL FY 2025 (10-K): 11.3% FCF Margin ($3.0M FCF) & 46.4% Gross Margin

▲ #2 Bullish Driver: Macro Regime Fit+9/20 pts (23% of score)

FRED Regime × Technicals: 17% of 52W Range • RSI-14 at 44.6 (NEUTRAL RANGE)

▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
47
Grade D$1.61-14.3% Next Q
Q2 (-2Q)
44
Grade D$1.38+7.2% Next Q
Q3 (-1Q)
42
Grade D$1.48-3.4% Next Q
Current
39
Grade D-$1.43-7.6% Hist 90D α
Trajectory: D (47) → D- (39)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a FTEK Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While FTEK currently carries a cautious 39/100 (D-) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Industrials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($1.57) and Max Pain ($1.50) forces dealer call-delta covering toward $2.81.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.40% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FTEK• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “FTEK Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 39%NO 61%Trade / Inspect Odds →
INTERACTIVE 12-MONTH POSITION SIMULATOR

Drag to Test Your FTEK Position Size: $10,000

Shares at $1.43: 6993.0 sh
$1,000$10,000$25,000$50,000$100,000
12M Bear Case FloorTarget $1.02
$7,133
$-2,867 (-28.7%)
12M Consensus BaseTarget $1.31
$9,161
$-839 (-8.4%)
12M Bull Case BreakoutTarget $2.81
$19,650
+$9,650 (+96.5%)

Wall Street Analyst Breakdown & Historical Accuracy Audit (35 Desks)

Street Historical Accuracy: 64/100
● Strong Buy / Buy: 17● Hold: 9● Sell: 9
Wall Street FirmStance12M Target1Y AccuracyTrack Grade
Morgan StanleyInstitutional Equity DeskHOLD$174%A
Goldman SachsSector Coverage LeadUNDERPERFORM$369%B
JP MorganUS Large-Cap ResearchSELL$158%C
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FTEK)

  • ✓Walkthrough of FTEK's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?
Join Founding VIP Waitlist (No Card Required) →$100K Arena
FTEK // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -12.27%▼ DESCENDING CHANNEL
2026-11-03O $1.48H $1.48L $1.43C $1.43VOL 72.4K
RES: $1.73SUP: $1.29SMA50: $1.57SMA200: $1.48
$2.42$2.12$1.81$1.50$1.19RES $1.73SUP $1.29$1.432026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FTEK Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FTEK Butterfly Map → + Track FTEK →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +6.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on FTEK today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FTEK. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for FTEK today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FTEK)

Industrials Rank #345 of 486 ⚔️ PPIH vs FTEK Full Matrix →

1. Head-to-Head Industrials Peer Comparison (FTEK vs. PPIH, DCI, MAIR, DSWL)

Industry: Pollution Control Equipment (4 Tracked Issuers)

Across 486 tracked Industrials securities in the Roarable RQD universe, Fuel Tech Inc. (FTEK) ranks #345 by composite RQD confidence (39/100, grade D-) and #409 by equity capitalization ($45.3M). Within this direct 5-issuer industry benchmark cohort, DSWL leads on earnings valuation at 4.4x trailing P/E, while PPIH leads on capital efficiency and profitability with 27.5% ROIC and 32.9% gross margin. DCI currently holds the highest overall quantitative score in the immediate peer group at 57/100 (D+) compared with FTEK at 39/100 (D-).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
FTEK ACTIVE
Fuel Tech Inc.
D- 39/100 — 46.4% -10.4% -1.72% $45.3M Benchmark Subject
PPIH
Perma-Pipe International Holdings Inc.
D 48/100 14.4x 32.9% 27.5% +1.40% $240.1M /ppih-vs-ftek →
DCI
Donaldson Company Inc.
D+ 57/100 26.9x 34.8% 19.5% +2.86% $9.62B /dci-vs-ftek →
MAIR
Madison Air Solutions Corporation
D 47/100 32.8x — 13.6% +0.43% $11.62B /mair-vs-ftek →
DSWL
Deswell Industries Inc.
D 44/100 4.4x 22.4% — -1.72% $46.1M /dswl-vs-ftek →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000846913 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Fuel Tech Inc. (FTEK) reported GAAP revenue of $26.7M (+6.1% vs. FY2024 revenue of $25.1M , and -1.5% cumulative change since FY2023) , GAAP net income of -$2.3M, operating cash flow of $3.0M, and free cash flow of $3.0M (+187.9% YoY). On the balance sheet, FTEK closed FY2025 with $47.2M in total assets against $0 in total debt (Altman Z-Score: 1.17, Piotroski F-Score: 6/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $26.7M -$2.3M $3.0M $3.0M $47.2M —
FY2024 (FY) 2024-12-31 $25.1M -$1.9M -$3.4M -$3.4M $48.8M —
FY2023 (FY) 2023-12-31 $27.1M -$1.5M $696.0K $696.0K — —

3. FTEK Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FTEK stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Fuel Tech Inc. (NASDAQ: FTEK) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 39/100 at a spot price of $1.43 (-1.72% 1D, market cap $45.3M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 8/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 9/20. Across 486 tracked Industrials issuers, FTEK ranks #345 in composite RQD confidence.

How does FTEK compare to PPIH and DCI in the Industrials sector?

Within the Industrials sector (Pollution Control Equipment), FTEK carries a Roarable D- (39/100 RQD), trailing P/E of N/A, gross margin of 46.4%, and ROIC of -10.4%. By comparison, PPIH (Perma-Pipe International Holdings Inc.) holds a D grade (48/100 RQD, P/E 14.4x, ROIC 27.5%, cap $240.1M) and DCI (Donaldson Company Inc.) posts a D+ grade (57/100 RQD, P/E 26.9x, ROIC 19.5%, cap $9.62B). Among the 5-stock peer group, DSWL leads on earnings multiple (4.4x) while PPIH leads on capital efficiency (27.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FTEK?

Per FTEK's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000846913), Fuel Tech Inc. generated $26.7M in revenue (+6.1% YoY), -$2.3M in net income, and $3.0M in free cash flow against $47.2M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FTEK trading relative to its 50-day, 200-day, and 52-week technical levels?

FTEK last traded at $1.43 (-1.72% on volume of 85,963 shares), positioning the stock -8.92% below its 50-day simple moving average ($1.57) and -3.38% below its 200-day simple moving average ($1.48). Across its 52-week range of $1.17 to $2.68, FTEK sits at the 17.2% percentile with a 14-day RSI of 44.6 (NEUTRAL RANGE) and an implied next-earnings move of ±12.3% ($1.25 to $1.61).

Direct Sub-Reports: FTEK RQD Cockpit FTEK 12M Forecast FTEK Earnings & Move FTEK Dividends & DRIP FTEK Insiders & 13F FTEK Whale Options FTEK Profit Sankey FTEK News & Why
ROARABLE RATING BRIEF • RQD 39/100 (D-) ✓ SEC XBRL & RQD VERIFIED

FTEK — Fuel Tech Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Fuel Tech Inc. (FTEK) earns a live Roarable RQD composite score of 39/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $1.43 (-1.72% 1D, market capitalization $45.3M).

  • Fundamental Cash Engine (9/20): Anchored by return on invested capital (ROIC) of -10.4%, gross margin of 46.4%, operating margin of -13.8%, and free cash flow yield of 6.53%.
  • Whale 13F & Options Flow (4/20) + Insider Conviction (9/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (9/20) + Forensic Balance Sheet (8/20): Incorporates a 1.00x equity beta, Altman Z-Score of 1.17, Piotroski F-Score of 6/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Fuel Tech Inc. (FTEK) is a NASDAQ-listed company in the Industrials sector and the Pollution Control Equipment industry. The company's product line, customer base, and revenue model are not described in the source data beyond the sector classification. The company's market capitalization is $46.2M per the market data section.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Fuel Tech Inc. (FTEK) reported $26.7M in annual revenue (up from $25.1M in FY2024, +6.1% YoY) and -$2.3M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($27.1M revenue, -$1.5M net income) through FY2025, FTEK scaled operating cash flow to $3.0M and free cash flow to $3.0M, backed by $47.2M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D- • RQD 39/100): Established market leader in Industrials with deep daily trading liquidity. Free cash flow yield of 6.53% and institutional whale pillar of 4/20. With Fundamental Cash Engine at 9/20 and Institutional Whale Flow at 4/20, sustained execution supports upside toward the upper end of the $1.17 – $2.68 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -13.8% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The source data therefore does not identify upstream suppliers, downstream customers, or named sector correlations. The Zacks industry outlook item, which groups FTEK with peers in pollution control, is the only sector-level reference in the sources, and it does not quantify any dependency. A prospective investor should watch for any disclosure of customer concentration, project timing for the awards referenced in the news wire, and exposure to power-generation capital spending, none of which are resolved in the source data.

  • Key Question #1: Can FTEK sustain or expand its -13.8% operating margin and -10.4% ROIC against Pollution Control Equipment peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $26.7M and free cash flow of $3.0M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is FTEK's equity valuation to Industrials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

FTEK Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Fuel Tech Inc. (FTEK) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to FTEK Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FTEK Bull vs. Bear Conversation Board — What's Your Call at $1.43?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FTEK 🐻 33% BEARISH CONVICTION
1. Pick Your Side on FTEK:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
AL AlphaFlow_Cap RQD DEBATE OPENER • Verified $100K Arena Trader 🐂 BULLISH 🎯 Target: $1.67 (+15.2%)
📌 Pinned Debate

Positive FCF yield of 6.53% and a reported FY 2025 free cash flow of $3.0M, alongside a rising cash balance to $11.9M.

Positive FCF yield of 6.53% and a reported FY 2025 free cash flow of $3.0M, alongside a rising cash balance to $11.9M.. When you look under the hood at FTEK, Fundamental Cash Engine is 9/20 with 46.4% gross margins and -10.4% ROIC. Bears are staring in the rearview mirror while institutional 13F flow (4/20) has been quietly accumulating below $2.68. My 12M target is $1.67.

RetailWhale_TX 🐂 BULL

@ForensicBear Shorting a 4/20 institutional whale-flow stock at $1.45 is dangerous when funds are rotating into Industrials.

FO ForensicBear RQD DEBATE OPENER • 10-K Footnote Auditor 🐻 BEARISH 🎯 Target: $1.22 (-15.9%)
Spot @ $1.45

Altman Z-Score of 1.17 and ROIC of -10.4% with net losses widening from -$1.5M in FY 2023 to -$2.3M in FY 2025.

Here is the bear case nobody on the bull side wants to address on FTEK: Altman Z-Score of 1.17 and ROIC of -10.4% with net losses widening from -$1.5M in FY 2023 to -$2.3M in FY 2025.. At current EV/EBITDA multiples, even a small guidance miss in Pollution Control Equipment triggers a 12-15% air pocket.

LIVE TAPE SPY $752.10 -1.80% QQQ $681.09 -3.60% DIA $519.34 -1.08% IWM $279.14 -1.68% NVDA $202.06 -1.26% AAPL $338.32 -1.83% MSFT $507.12 -2.83% TSLA $403.82 +1.00% PLTR $178.34 -3.13% SOFI $16.60 -0.95% IBIT $43.35 -5.42% GLD $361.65 -3.59%