Fuel Tech (FTEK)
Market Price (2/28/2026): $1.49 | Market Cap: $46.3 MilSector: Industrials | Industry: Environmental & Facilities Services
Fuel Tech (FTEK)
Market Price (2/28/2026): $1.49Market Cap: $46.3 MilSector: IndustrialsIndustry: Environmental & Facilities Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -57% | Weak multi-year price returns2Y Excs Rtn is -4.9%, 3Y Excs Rtn is -65% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -4.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -18% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.0%, Rev Chg QQuarterly Revenue Change % is -4.6% | |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -52% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11% | |
| Attractive yieldFCF Yield is 6.0% | Key risksFTEK key risks include [1] a history of declining revenues and negative operating profits stemming from a volatile business model, Show more. | |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, and Sustainable Infrastructure. Themes include Industrial Emissions Control, Combustion Optimization, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -57% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -52% |
| Attractive yieldFCF Yield is 6.0% |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, and Sustainable Infrastructure. Themes include Industrial Emissions Control, Combustion Optimization, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -4.9%, 3Y Excs Rtn is -65% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -4.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -18% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.0%, Rev Chg QQuarterly Revenue Change % is -4.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11% |
| Key risksFTEK key risks include [1] a history of declining revenues and negative operating profits stemming from a volatile business model, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Fuel Tech reported Q3 2025 revenue that missed analysts' expectations and subsequently lowered its full-year 2025 revenue guidance.
The company announced its third-quarter 2025 financial results on November 4, 2025, reporting revenue of $7.49 million, which fell short of analysts' consensus estimate of $9.39 million. This revenue miss contributed to a cautious outlook. Furthermore, Fuel Tech revised its full-year 2025 revenue guidance downward to approximately $27 million, explicitly excluding any material contributions from its anticipated Advanced Pollution Control (APC) segment contracts related to data centers. This downward adjustment signaled a less optimistic near-term financial performance.
2. Ongoing concerns about profitability and an "optimistic" growth rate for breakeven contributed to negative sentiment.
Analysts expected Fuel Tech to report a final loss in 2025 before potentially reaching profitability in 2026 with an estimated positive profit of US$298,000. However, the projected 74% annual growth rate required to achieve this breakeven was characterized as "rather optimistic" by analysts, implying that profitability might be achieved much later if this aggressive growth rate is not met. Additionally, analyst sentiment placed Fuel Tech lower than its peers within the "industrials" sector, and earnings were projected to decrease further in the upcoming year.
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Stock Movement Drivers
Fundamental Drivers
The -42.7% change in FTEK stock from 10/31/2025 to 2/27/2026 was primarily driven by a -41.5% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2272026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.48 | 1.42 | -42.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25 | 25 | -1.4% |
| P/S Multiple | 3.1 | 1.8 | -41.5% |
| Shares Outstanding (Mil) | 31 | 31 | -0.7% |
| Cumulative Contribution | -42.7% |
Market Drivers
10/31/2025 to 2/27/2026| Return | Correlation | |
|---|---|---|
| FTEK | -42.7% | |
| Market (SPY) | 0.6% | 41.8% |
| Sector (XLI) | 14.2% | 38.2% |
Fundamental Drivers
The -46.4% change in FTEK stock from 7/31/2025 to 2/27/2026 was primarily driven by a -41.7% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2272026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.65 | 1.42 | -46.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27 | 25 | -6.9% |
| P/S Multiple | 3.1 | 1.8 | -41.7% |
| Shares Outstanding (Mil) | 31 | 31 | -1.1% |
| Cumulative Contribution | -46.4% |
Market Drivers
7/31/2025 to 2/27/2026| Return | Correlation | |
|---|---|---|
| FTEK | -46.4% | |
| Market (SPY) | 8.8% | 39.8% |
| Sector (XLI) | 17.0% | 40.1% |
Fundamental Drivers
The 44.2% change in FTEK stock from 1/31/2025 to 2/27/2026 was primarily driven by a 54.6% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2272026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.98 | 1.42 | 44.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26 | 25 | -5.7% |
| P/S Multiple | 1.2 | 1.8 | 54.6% |
| Shares Outstanding (Mil) | 31 | 31 | -1.2% |
| Cumulative Contribution | 44.2% |
Market Drivers
1/31/2025 to 2/27/2026| Return | Correlation | |
|---|---|---|
| FTEK | 44.2% | |
| Market (SPY) | 15.0% | 17.2% |
| Sector (XLI) | 29.4% | 19.9% |
Fundamental Drivers
The -10.1% change in FTEK stock from 1/31/2023 to 2/27/2026 was primarily driven by a -6.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2272026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.58 | 1.42 | -10.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26 | 25 | -6.3% |
| P/S Multiple | 1.8 | 1.8 | -1.6% |
| Shares Outstanding (Mil) | 30 | 31 | -2.5% |
| Cumulative Contribution | -10.1% |
Market Drivers
1/31/2023 to 2/27/2026| Return | Correlation | |
|---|---|---|
| FTEK | -10.1% | |
| Market (SPY) | 75.0% | 17.8% |
| Sector (XLI) | 81.5% | 19.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FTEK Return | -64% | -9% | -18% | 0% | 49% | -10% | -64% |
| Peers Return | 15% | 29% | 24% | 61% | 11% | 6% | 251% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| FTEK Win Rate | 25% | 50% | 33% | 50% | 58% | 50% | |
| Peers Win Rate | 58% | 48% | 56% | 56% | 55% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FTEK Max Drawdown | -65% | -23% | -23% | -8% | -13% | -19% | |
| Peers Max Drawdown | -19% | -26% | -14% | -4% | -29% | -6% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WM, CWST, CECO, GEO, YDDL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/27/2026 (YTD)
How Low Can It Go
| Event | FTEK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -84.8% | -25.4% |
| % Gain to Breakeven | 557.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -60.0% | -33.9% |
| % Gain to Breakeven | 150.0% | 51.3% |
| Time to Breakeven | 40 days | 148 days |
| 2018 Correction | ||
| % Loss | -70.7% | -19.8% |
| % Gain to Breakeven | 241.7% | 24.7% |
| Time to Breakeven | 453 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -82.0% | -56.8% |
| % Gain to Breakeven | 454.5% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to WM, CWST, CECO, GEO, YDDL
In The Past
Fuel Tech's stock fell -84.8% during the 2022 Inflation Shock from a high on 1/25/2021. A -84.8% loss requires a 557.1% gain to breakeven.
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About Fuel Tech (FTEK)
AI Analysis | Feedback
Here are a couple of brief analogies to describe Fuel Tech:
- Ecolab for industrial air emissions: Similar to how Ecolab provides specialized solutions for industrial hygiene, water treatment, and operational efficiency, Fuel Tech offers engineered technologies and services to industrial clients primarily focused on reducing harmful air emissions from combustion and improving boiler performance.
- A focused Rockwell Automation for making industrial combustion cleaner: Akin to Rockwell Automation's role in industrial automation and technology, Fuel Tech develops specialized hardware and software solutions specifically for optimizing combustion processes to reduce pollution and enhance efficiency in power generation and heavy industry.
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- NOx Reduction Technologies: Systems and services designed to reduce nitrogen oxide emissions from industrial combustion sources, including Selective Non-Catalytic Reduction (SNCR), Selective Catalytic Reduction (SCR), and Overfire Air solutions.
- Particulate Control Technologies: Solutions to reduce particulate matter emissions, often involving upgrades or optimization of electrostatic precipitators (ESPs) and fabric filters.
- Flue Gas Conditioning (FGC): Systems that inject conditioning agents into flue gas streams to enhance the performance of electrostatic precipitators.
- Fuel Chem® Chemical Programs: Proprietary chemical treatment programs applied to combustion processes to improve boiler efficiency, reduce slagging, fouling, corrosion, and lower emissions.
AI Analysis | Feedback
Fuel Tech (FTEK) primarily sells its advanced engineering solutions and technologies to other companies (B2B) rather than individuals. While the company's public filings indicate that a significant portion of its revenue comes from a small number of large customers, Fuel Tech does not publicly disclose the specific names of these major customer companies in its SEC filings, even when a single customer accounts for a substantial percentage of its revenue.
Instead, Fuel Tech serves a diverse range of clients across several industrial and utility sectors. The major categories of companies that Fuel Tech serves include:
- Utilities and Independent Power Producers: These customers include electric utility companies and other power generators that operate large-scale combustion units, such as coal-fired and natural gas power plants, requiring advanced air pollution control (NOx, SO2 reduction) and combustion optimization technologies.
- Industrial Companies: This broad category encompasses various heavy industries with significant combustion processes or wastewater treatment needs. Examples include companies in the cement, refinery, petrochemical, steel, pulp and paper, and glass manufacturing sectors globally.
- Waste-to-Energy Plants: Facilities that process municipal or industrial waste through combustion to generate electricity, which require Fuel Tech's solutions for emission control and operational efficiency.
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Fuel Tech (FTEK) Management Team
Vincent J. Arnone, Chairman of the Board, President & Chief Executive Officer Vincent J. Arnone was appointed Chairman of the Board of Directors of Fuel Tech, Inc. on September 1, 2017. He has been President and Chief Executive Officer and a director of the company since April 1, 2015. Prior to this, he served as Executive Vice President and Chief Operating Officer from January 2014 through March 2015, and Executive Vice President, Worldwide Operations since September 2010. Mr. Arnone also worked as a consultant to Fuel Tech from June 2008 through August 2010. Earlier in his career at Fuel Tech, he held positions as Senior Vice President, Treasurer and Chief Financial Officer from February 2006 through May 2008, Vice President, Treasurer and Chief Financial Officer from December 2003 through January 2006, and Controller and Financial Director from May 1999 through November 2003. Ellen T. Albrecht, Vice President, Chief Financial Officer & Treasurer Ellen Albrecht is the Vice President, Chief Financial Officer, and Treasurer of Fuel Tech, Inc. She joined Fuel Tech in July 1996 as an Accountant and has since held numerous roles across finance and operations, both domestically and internationally. Ms. Albrecht previously served as Fuel Tech's Acting Treasurer and Controller, and Principal Financial Officer since March 2020. Her prior roles include Vice President, Operations Planning and Control since May 2012, Acting Treasurer and Chief Financial Officer from March 2010 to July 2010, Vice President, Controller since January 2007, Controller since February 2004, Accounting Manager since May 2000, and Senior Accountant since May 1998. William E. Cummings, Jr., Senior Vice President, Sales William Cummings became Senior Vice President, Air Pollution Control Sales on January 1, 2009. He previously served as Vice President, Sales since April 2006, Vice President, Air Pollution Control Sales since May 2000, Director, Utility Sales since April 1998, and Director, Eastern Region since 1994. Mr. Cummings brings over 35 years of experience in the air pollution field, having held positions such as National Sales Manager and Regional Sales Manager with a leading Flue Gas Conditioning Company, Engineering Specialist for an Architect/Engineering firm, Field Engineer and Applications Engineer for an Electrostatic Precipitator Supplier, and Field Technician and Laboratory Technician for a regional Emissions Testing Company. He has been involved in over 400 air pollution control projects in the United States and Canada. Bradley W. Johnson, Vice President, General Counsel & Secretary Bradley Johnson joined Fuel Tech in 2008, initially serving as Corporate Counsel until December 2009, and subsequently as Assistant General Counsel. Before joining Fuel Tech, Mr. Johnson worked in private practice, advising clients on various matters including securities law, intellectual property, and mergers and acquisitions.AI Analysis | Feedback
Fuel Tech (FTEK) faces several key risks to its business operations and financial performance.The most significant risk stems from the **volatile nature of its business model, particularly within its Air Pollution Control (APC) segment, and a history of declining revenues and negative operating profits.** Revenues in the APC segment are heavily reliant on the sale of equipment and project-based contracts, which are prone to delays in execution, leading to highly volatile quarterly results. Fuel Tech has also exhibited a concerning trend of declining revenues, with a 55% drop from $56.54 million in 2018 to $25.13 million in 2024, alongside negative operating profits, indicating a struggle to generate long-term value.
Secondly, Fuel Tech operates in an environment of **intense competition.** The company competes against much larger global players in both its Air Pollution Control and Fuel Chem segments. This strong competition can severely limit Fuel Tech's market prospects and ability to secure new contracts, as competitors may offer different or lower-priced technologies.
Lastly, **reliance on environmental regulations** poses a significant risk. Fuel Tech's business model is intrinsically linked to environmental regulations, especially those targeting "brown" plants that need to comply with increasingly stringent rules for pollution control. Any changes in these regulations, or a lack of consistent enforcement, could directly impact the demand for Fuel Tech's core products and services.
AI Analysis | Feedback
The global transition away from fossil fuels to renewable energy sources is a clear emerging threat to Fuel Tech's core business. As utilities and industrial clients increasingly adopt solar, wind, and other clean energy technologies, the demand for Fuel Tech's traditional air pollution control and combustion optimization solutions for thermal power plants and industrial boilers will fundamentally decline. This shift in energy production and infrastructure directly reduces the addressable market for Fuel Tech's technologies, mirroring how streaming services eroded the market for physical media or how smartphones disrupted feature phones.
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Here are 3-5 expected drivers of future revenue growth for Fuel Tech (FTEK) over the next 2-3 years:
1. Continued Growth in the FUEL CHEM Segment
Fuel Tech anticipates continued robust performance and increased revenues from its FUEL CHEM business segment. The company projects FUEL CHEM segment revenue for the full year 2025 to be approximately $16.5 million to $17 million, marking it as the highest level since 2022. This growth is driven by increased operation dispatch at existing client accounts, contributions from new customer accounts, and new demonstration programs. For instance, a new commercially-priced demonstration program with a coal-fired unit in the U.S., which began in Q4 2025, has an estimated annual revenue potential of $2.5 million to $3.0 million.
2. Expansion of Air Pollution Control (APC) Business through New Awards and Strategic Acquisition
The company expects revenue growth in its Air Pollution Control (APC) segment, supported by new project awards and a growing backlog. As of September 30, 2025, the consolidated APC segment backlog increased to $9.5 million from $6.2 million at the end of 2024, with approximately $7.1 million of this backlog expected to be recognized in the next 12 months. Fuel Tech secured $3.2 million in new APC awards in Q3 2025 from clients in the U.S., Europe, and Southeast Asia. Furthermore, a strategic acquisition of complementary intellectual property and customer-related assets from Wahlco, Inc. for $350,000 is expected to enhance Fuel Tech's APC portfolio and drive accretive aftermarket revenues.
3. Significant Opportunities in the Data Center Market
Fuel Tech is actively pursuing substantial opportunities in the data center market with its emissions control technologies. The company has a pipeline for this sector valued between $80 million and $100 million. This focus on the power generation sector to support data centers is considered a significant potential contributor to future revenue streams, with multiple bids outstanding for its SCR technology.
4. Commercialization of Dissolved Gas Infusion (DGI) Technology
The Dissolved Gas Infusion (DGI) technology is another anticipated driver of future growth. Fuel Tech is continuing to advance this technology through industry outreach and is conducting an extended demonstration at a fish hatchery in the Midwest U.S. While commercial revenues from DGI technology have not yet been fully recognized, the ongoing demonstration and active pursuit of opportunities in new end markets indicate future monetization potential.
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Share Issuance
- In February 2021, Fuel Tech issued 5,000,000 shares of common stock and warrants to purchase 2,500,000 shares, generating gross proceeds of $25.8 million, before deducting $1.783 million in fees and expenses.
- The number of outstanding common shares was 31,074,438 as of October 31, 2025, and 30,708,273 as of October 31, 2024.
- Fuel Tech's policy is to issue new shares upon the exercise of stock options, conversions of loans, and vesting of restricted stock units. The company received proceeds of $42,000 from stock option exercises in 2023.
Outbound Investments
- On October 3, 2025, Fuel Tech purchased intellectual property from Wahlco, Inc. for $350,000.
- In June 2022, the Board of Directors approved an investment plan to hold $10 million in held-to-maturity debt securities, primarily U.S. Treasuries or U.S. Government Agency securities, at BMO Harris Bank. The company's investment policy now allocates $20 million for such investments.
- Long-term investments totaled $6.4 million at December 31, 2022, increasing to $8.9 million at March 31, 2024, and $10.9 million at December 31, 2024.
Capital Expenditures
- Capital expenditures were approximately $247,000 in 2024, $84,000 in 2023, $206,000 in 2022, $418,000 in 2021, and $378,000 in 2020.
- Expected capital expenditures for 2024 and for the fourth quarter of 2025 are focused on the Dissolved Gas Infusion (DGI) business, maintenance of field equipment, computer and systems, and general office equipment.
- These capital expenditures are expected to be funded with cash generated from operations or existing cash reserves.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Fuel Tech Earnings Notes | 12/16/2025 | |
| With Fuel Tech Stock Surging, Have You Considered The Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 37.75 |
| Mkt Cap | 2.1 |
| Rev LTM | 1,795 |
| Op Inc LTM | 93 |
| FCF LTM | 26 |
| FCF 3Y Avg | 74 |
| CFO LTM | 208 |
| CFO 3Y Avg | 257 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.2% |
| Rev Chg 3Y Avg | 8.6% |
| Rev Chg Q | 13.1% |
| QoQ Delta Rev Chg LTM | 3.2% |
| Op Mgn LTM | 6.7% |
| Op Mgn 3Y Avg | 7.0% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 11.9% |
| CFO/Rev 3Y Avg | 10.5% |
| FCF/Rev LTM | 4.4% |
| FCF/Rev 3Y Avg | 5.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.1 |
| P/S | 3.0 |
| P/EBIT | 22.0 |
| P/E | 35.8 |
| P/CFO | 15.0 |
| Total Yield | 2.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.0% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.2% |
| 3M Rtn | 3.8% |
| 6M Rtn | 0.9% |
| 12M Rtn | 18.6% |
| 3Y Rtn | 49.6% |
| 1M Excs Rtn | 0.3% |
| 3M Excs Rtn | 2.4% |
| 6M Excs Rtn | -5.9% |
| 12M Excs Rtn | 3.3% |
| 3Y Excs Rtn | -24.3% |
Price Behavior
| Market Price | $1.42 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 09/07/1993 | |
| Distance from 52W High | -60.9% | |
| 50 Days | 200 Days | |
| DMA Price | $1.48 | $2.21 |
| DMA Trend | up | down |
| Distance from DMA | -4.3% | -35.7% |
| 3M | 1YR | |
| Volatility | 66.9% | 78.4% |
| Downside Capture | 367.91 | 146.20 |
| Upside Capture | 209.01 | 159.51 |
| Correlation (SPY) | 38.7% | 17.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.39 | 0.57 | 1.63 | 2.10 | 0.58 | 0.60 |
| Up Beta | -3.16 | 0.05 | 1.68 | 3.01 | 0.04 | 0.09 |
| Down Beta | -1.91 | -0.72 | 1.31 | 1.90 | 0.33 | 0.52 |
| Up Capture | -18% | -9% | -26% | 60% | 169% | 58% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 6 | 16 | 21 | 49 | 105 | 309 |
| Down Capture | 333% | 290% | 293% | 245% | 113% | 102% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 12 | 20 | 34 | 68 | 131 | 349 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTEK | |
|---|---|---|---|---|
| FTEK | 44.7% | 78.4% | 0.79 | - |
| Sector ETF (XLI) | 32.7% | 19.1% | 1.35 | 19.7% |
| Equity (SPY) | 16.5% | 19.4% | 0.66 | 17.3% |
| Gold (GLD) | 81.3% | 25.7% | 2.29 | 6.8% |
| Commodities (DBC) | 13.4% | 16.9% | 0.58 | 1.4% |
| Real Estate (VNQ) | 7.3% | 16.6% | 0.25 | 7.8% |
| Bitcoin (BTCUSD) | -20.2% | 44.9% | -0.37 | 25.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTEK | |
|---|---|---|---|---|
| FTEK | -19.0% | 62.1% | -0.10 | - |
| Sector ETF (XLI) | 15.9% | 17.2% | 0.74 | 21.5% |
| Equity (SPY) | 13.6% | 17.0% | 0.63 | 21.4% |
| Gold (GLD) | 23.5% | 17.1% | 1.12 | 8.1% |
| Commodities (DBC) | 10.6% | 19.0% | 0.44 | 7.5% |
| Real Estate (VNQ) | 5.1% | 18.8% | 0.18 | 12.2% |
| Bitcoin (BTCUSD) | 4.5% | 57.0% | 0.30 | 16.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTEK | |
|---|---|---|---|---|
| FTEK | -0.9% | 94.3% | 0.34 | - |
| Sector ETF (XLI) | 15.2% | 19.8% | 0.68 | 15.2% |
| Equity (SPY) | 15.4% | 17.9% | 0.74 | 14.6% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | -1.2% |
| Commodities (DBC) | 8.7% | 17.6% | 0.41 | 9.7% |
| Real Estate (VNQ) | 6.6% | 20.7% | 0.28 | 8.3% |
| Bitcoin (BTCUSD) | 66.2% | 66.8% | 1.06 | 5.8% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/4/2025 | -12.7% | -17.9% | -32.9% |
| 8/5/2025 | -0.7% | 3.0% | -2.4% |
| 3/4/2025 | 5.2% | 1.0% | 3.1% |
| 11/6/2024 | -1.0% | 0.0% | -1.0% |
| 8/6/2024 | 1.1% | 5.1% | 1.3% |
| 3/11/2024 | -6.0% | -6.8% | 0.0% |
| 11/7/2023 | 7.0% | 7.0% | 4.0% |
| 8/8/2023 | -4.1% | -7.3% | -7.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 8 | 7 |
| # Negative | 13 | 10 | 11 |
| Median Positive | 5.2% | 5.0% | 4.0% |
| Median Negative | -4.1% | -8.5% | -9.8% |
| Max Positive | 64.3% | 24.2% | 419.1% |
| Max Negative | -12.7% | -17.9% | -34.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/04/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/07/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/10/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/08/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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