One company that should be on your radar is Fuel-Tech, Inc. (FTEK). The stock of this pollution and treatments control provider has seen its Zacks Rank surge over the past four weeks, moving from neutral territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For FTEK’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from 16 cents a share a month ago to its current level at 26 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, FTEK has seen some pretty solid trading lately, as the company has moved higher by 48.2% in the past month.
If Fuel-Tech can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put FTEK on your watch list for the future.
Other top ranked stocks worth considering in this space include Tetra Tech Inc. (TTEK), Perma-Fix Environmental Services Inc. (PESI) and Pure Cycle Corporation (PCYO). All these carry a Zacks Rank #2 (Buy).
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FUEL TECH INC (FTEK): Free Stock Analysis Report
TETRA TECH INC (TTEK): Free Stock Analysis Report
PERMA FIX ENVIRONMENTAL SERVICES (PESI): Free Stock Analysis Report
PURE CYCLE CP (PCYO): Free Stock Analysis Report
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