Is Fuel Tech a Good Green Energy Stock to Add to Your Portfolio? -Breaking
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These shares were owned by The Fuel Tech (NASDAQ:) A provider of technologies for managing air pollution, the company is gaining momentum due to growing demand for greener energy options that are more sustainable. With its innovative product and services, the company is a solid player in this industry. FTEK’s negative profit margins make it a questionable investment. Find out more. Fuel Tech Inc. (FTEK), Warrenville, Ill. creates and markets innovative solutions for water treatment and air pollution management. With solutions in over 1,200 municipal, industrial and utility units around the world, FTEK is recognized as a leader in NOx (Nitrogen Oxide) reduction technology and particulate control technology.
Shares of the company rose 6.3% over three months due to an expanding global footprint, increased demand for solutions that reduce air pollution from utilities and industries worldwide.
However, given FTEK’s poor profitability and mixed financials, its near-term prospects look uncertain.
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