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    Stock Alert for Quantum Fuel Systems Technologies (QTWW)

    Quantum Fuel Systems Technologies Worldwide Inc. (QTWW) is a fully integrated alternative energy company engaged in the development and production of advanced propulsion systems, energy storage technologies and alternative fuel vehicles. The Company’s Schneider Power Inc. subsidiary and Asola Advanced and Automotive Solar Systems GmbH affiliate complement its emerging renewable energy presence through the development and ownership of wind and solar farms, and manufacture of high efficiency solar modules. QTWW’s portfolio of technologies includes electronic controls, hybrid electric drive systems, natural gas and hydrogen storage and metering systems and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and natural gas vehicles. Its powertrain engineering, system integration, vehicle manufacturing and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, natural gas fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. QTWW’s customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.

    Share Statistics (01-July-11) FY 

    2009

    FY 

    2010

    %  

    Chg

    Q1 

    2010

    Q1 

    2011

    %  

    Chg

    Symbol QTWW Revenue, $Mn 23.26 9.61 -58.7% 1.48 4.61 211.5%
    Current price $4.89 Gross marg. 90.2% 83.6% -7.3% 77.7% 83.5% 7.5%
    52wk Range: $2.25-$15.00 Oper. margin -213.5% -125.0%
    Avg Vol (3m): 501,729 Net margin -120.3% -481.7% 300.4% 956.1% -168.1% -117.6%
    Market Cap. 54.64M
    Shares Outstanding 11.17M EPS, $ -5.91 -7.17 21.3% 0.29 -0.76 -362.1%

    Source: Reuters.com, SEC Filings.

    Recent News

    QTWW shares soared past 40% gains in Friday’s trading, a day after the Calif.-based alternative fuel technology company published its fourth-quarter financials, posting a 242% year-over-year jump in revenue and a lower quarterly loss.

    Revenue for the quarter came in at $8.2 million, as against $2.4 million reported in the year-ago period. The Company attributed the revenue growth to increased development program revenue and product shipments to Fisker Automotive of components related to its Q-Drive hybrid drive systems.

    QTWW lowered its net loss to $0.2 million from $5.5 million a year earlier. The Company attributed this improvement to lower operating loss and a $5.0 million non-cash unrealized gain attributable to the change in the value of its derivative liabilities that was recognized in the fourth quarter of fiscal 2011, partially offset by a loss in its renewable energy segment.

    QTWW’s improved revenues was coupled with a lowering of its operating costs. For the quarter ended April 30, 2011, cash used from operations was $2.2 million, as compared to $3.67 million reported in the year-ago quarter.

    QTWW president and CEO Alan Niedzwiecki commented in the release: “Our continued revenue growth and improved operating performance is being driven by the Fisker Karma launch, new customer programs, strong diversification in our customer base, and continued development and application of emerging technologies.  We are excited about the number of new programs initiated over the last six months and the opportunity for these programs to generate significant revenues for the company over the next several years.” CEO Niedzwiecki went on to say: “These programs cut across several technologies including battery electric, plug-in hybrid electric, natural gas vehicles and hydrogen fuel cell electric vehicles.  Over the last several months, we have been successful in securing government funds, introducing our new F-Drive hybrid propulsion system, and announcing a partnership with Dow Chemical/Dow Kokam on the commercialization of an F-150 PHEV program.”

    QTWW gained $1.36 to closed Friday’s session at $4.83.  About 4.10 million shares have traded hands during the session, versus the 10-day average volume of 153.81K. In the past 52 weeks, shares of QTWW have traded between a low of $2.25 and a high of $15.00. The stock is currently above its 50-day moving average of $3.98 and below its 200-day moving average of $5.60.

    Visit QTWW at www.qtww.com

    Financial Strength (01-July-2011) Company Industry Sector S&P 500
    Quick Ratio (MRQ) 0.18 0.95 0.47 0.71
    Current Ratio (MRQ) 0.21 1.20 0.61 1.04
    LT Debt to Equity (MRQ) 5.37 17.96 20.25 136.61
    Total Debt to Equity (MRQ) 103.54 28.02 32.51 182.18
    Interest Coverage (TTM) -0.75 0.11 0.29 18.15

    Source: Reuters.com, SEC Filings.

    Analyst Consensus

    This is the consensus forecast among one polled investment analysts. Against the Quantum Fuel Systems Technologies Worldwide Inc company.

    Analyst Detail Buy Outperform Hold Underperform Sell No Opinion
    Latest 1 0 0 0 0 0
    4 weeks ago 1 0 0 0 0 0
    2 months ago 1 0 0 0 0 0
    3 months ago 1 0 0 0 0 0
    Last year 1 1 1 0 0 0

    The two analysts offering 12-month price targets for QTWW have a median target of 22.50, with a high estimate of 35.00 and a low estimate of 10.00. The median estimate represents a 548.41% increase from the last price of 3.47.

    Source: markets.ft.com

    Consensus Estimates Analysis

    # of Estimates Mean High Low 1 Year Ago
    SALES (in millions)
    Year Ending Apr-11 1 62.50 62.50 62.50 47.99
    EARNINGS (per share)
    Year Ending Apr-11 1 -2.00 -2.00 -2.00 -1.67

    Technical Analysis

    Source: http://stockcharts.com

    On Thursday, QTWW closed above its 20-day moving average. This is generally considered to be an indication of a bullish trend.

    QTWW is above the upper Bollinger Band, implying that it is currently extended from its recent trend.

    QTWW’s MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish.

    Comparative Analysis

    Company Name Ticker Price per Mrkt. Cap. P/E P/S
    July01-2011 symbol Share, $ $ Mn 2011 2012 2011 2012
    FuelCell Energy Inc. FCEL 1.34 170.15M n/a n/a 1.45 1.04
    Altair Nanotechnologies Inc. ALTI 0.86 26.33M n/a n/a 1.75 0.45
    Visteon Corp. VC 69.16 3.51B 23.29 13.38 0.48 0.42
    Valence Technology Inc. VLNC 1.22 189.08M n/a n/a 1.95 3.00
    Auto Parts Median 11.70 n/a 0.46 n/a
    Quantum Fuel Systems Technologies QTWW 4.83 53.97M n/a n/a 3.03 1.13

    Source: Thomson Financial

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