Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Fuel Tech's shares outstanding for the quarter that ended in Mar. 2026 was 31.16 Mil.
Fuel Tech's quarterly shares outstanding
increased
from Dec. 2025 (31.07 Mil) to Mar. 2026 (31.16 Mil).
It means Fuel Techissued new shares from Dec. 2025 to Mar. 2026 .
Fuel Tech's annual shares outstanding
increased
from Dec. 2024 (30.71 Mil) to Dec. 2025 (31.07 Mil).
It means Fuel Techissued new shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Fuel Tech Shares Outstanding (EOP) Related Terms
Fuel Tech Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Fuel Tech's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FTEK vs BCHT, SCWO, ARQ: Shares Outstanding (EOP) Comparison
For the Pollution & Treatment Controls subindustry, Fuel Tech's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fuel Tech Shares Outstanding (EOP) vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fuel Tech's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Fuel Tech's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 31.16 Mil mean?
Fuel Tech (FTEK) has a Shares Outstanding (EOP) of 31.16 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Fuel Tech and its competitors.
Is Fuel Tech's Shares Outstanding (EOP) too high?
Fuel Tech's current Shares Outstanding (EOP) is 31.16 Mil. Overall, Fuel Tech has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fuel Tech's Shares Outstanding (EOP) compare to BCHT and SCWO?
Fuel Tech's Shares Outstanding (EOP) of 31.16 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Industrial Products company?
A good Shares Outstanding (EOP) depends on the Industrial Products industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Fuel Tech and its competitors. Fuel Tech's current Shares Outstanding (EOP) is 31.16 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuel Tech stock overvalued right now?
Based on GuruFocus' analysis, Fuel Tech (FTEK) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.13, compared to a current price of $1.88 — trading 65.9% above its estimated fair value. The current Shares Outstanding (EOP) is 31.16 Mil. Fuel Tech's overall GF Score™ is 57/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Fuel Tech (FTEK), the current Shares Outstanding (EOP) is 31.16 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fuel Tech (FTEK) Overvalued in 2026?
Based on GuruFocus' analysis, Fuel Tech stock appears to be overvalued.
The current stock price of $1.88 is trading 65.9% above its estimated GF Value™ of $1.13.
GuruFocus considers Fuel Tech to be Significantly Overvalued.
Key valuation signals for FTEK:
Shares Outstanding (EOP): 31.16 Mil
GF Value™: $1.13 vs. price of $1.88 (65.9% above fair value)
No single metric tells the full story. See the FTEK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fuel Tech Inc is a technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and Fuel Chem. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources. The Fuel Chem technology segment uses chemical processes in combination with Computational Fluid Dynamics and Chemical Kinetics Modeling for boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.
57GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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