Fuel Tech CEO buys 20,000 shares, Q2 loss beats estimates, HC Wainwright maintains "Buy" rating.
Fuel Tech CEO Vincent J. Arnone bought 20,000 shares at $1.04 per share, increasing his total stake to 440,513 shares. The company reported a Q2 loss of $0.01 per share, beating estimates by $0.01, and has a market cap of $30.99m. HC Wainwright maintains a "Buy" rating on Fuel Tech with a price target of $4.00. Despite a negative return on equity of 1.92% and negative net margin of 3.41%, institutional investors hold 20.94% of the company's stock.
August 14, 2024
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