Seeking Alpha

Fuel Tech (FTEK) is a firm with great prospects, and at current levels, we think this stock is drastically undervalued. Fuel Tech has the compelling growth trends and catalysts one might look for in a comparably valued speculative stock. But, unlike most small stocks with big upside, Fuel Tech is profitable. It is also debt-free, cash-rich, and has an intellectual property moat.

Fuel Tech's business is divided between controlling utility and industrial emissions, and controlling damage to combustion equipment:

Fuel Tech is a leading technology company engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for air pollution control, process optimization, combustion efficiency, and advanced engineering services. These technologies enable customers to operate efficiently

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