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Is Fuel Tech (FTEK) Outperforming Other Industrial Products Stocks This Year?

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Investors focused on the Industrial Products space have likely heard of Fuel Tech (FTEK - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Fuel Tech is one of 215 companies in the Industrial Products group. The Industrial Products group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. FTEK is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for FTEK's full-year earnings has moved 400% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, FTEK has moved about 92.44% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 19.59% on a year-to-date basis. As we can see, Fuel Tech is performing better than its sector in the calendar year.

Looking more specifically, FTEK belongs to the Pollution Control industry, which includes 14 individual stocks and currently sits at #11 in the Zacks Industry Rank. This group has gained an average of 25.39% so far this year, so FTEK is performing better in this area.

Investors in the Industrial Products sector will want to keep a close eye on FTEK as it attempts to continue its solid performance.

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