Stock Alert for Quantum Fuel Systems Technologies (QTWW)
  • Stock Alert for Quantum Fuel Systems Technologies Inc. (QTWW)
  • Stock Alert for Quantum Fuel Systems Technologies Worldwide Inc. (QTWW)(D*)
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    Stock Report for Quantum Fuel Systems Technologies (QTWW)

    Quantum Fuel Systems Technologies (QTWW), a fully integrated alternative energy company, engages in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Its wholly owned subsidiary, Schneider Power Inc., and affiliate Asola Advanced and Automotive Solar Systems GmbH complement the Company’s 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. The Company’s 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 (22-Feb-11) FY2010 FY2011 % Chg Q42010 Q42011 % Chg
    Symbol QTWW Revenue, $Mn 9.61 20.27 110.9% 3.89 13.02 234.7%
    Current price $1.09 Gross marg. 83.6% 81.8% -2.2% 77.4% 48.4% -37.5%
    52wk Range: $0.70-$6.29 Oper. margin -87.9% -67.0%
    Avg Vol (3m): 679,530 Net margin -481.7% -54.4% -88.7% -37.3% -64.5% 72.9%
    Market Cap. 17.43M
    Shares Outstanding 16.14M EPS, $ -7.17 -1.14 -84.1% -0.15 -0.53 253.3%

    Source: Reuters.com, SEC Filings.

    Investment Highlights

    Quantum Fuel Systems Technologies (QTWW) jumped as much as 18% in Wednesday’s trade, a day after California-based alternative fuel technology company announced it has received a letter from Nasdaq staff stating that the Company has regained compliance with The Nasdaq Stock Market’s minimum $1.00 per share bid price requirement.

    QTWW’s common stock has subsequently maintained a closing bid price of at least $1.00 per share for 10 consecutive trading days, enabling the Company to regain compliance with NASDAQ Listing Rule 5450(a)(1) and the matter is now closed.

    Shares of QTWW have gained 6.9% in the last five days and 30.1% in the last month.  Year-to-date, the stock is down 78.5%.

    QTWW last week said it has unveiled a new composite compressed natural gas (CNG) tank targeting the expanding commercial natural gas fleets including refuse truck applications.  The new 400 Series CNG storage tank was designed incorporating feedback from the Company’s customers and has a Diesel Gallon Equivalency (DGE) of 26 gallons.

    QTWW claims its composite tanks are the lightest in the industry, requiring less structure for mounting support, thereby increasing available payload.  Also, the Company’s tanks maximize on board storage capacity resulting in greater driving range.  QTWW says these advantages, in addition to ease of installation and service, distinguish its composite tanks from the competition.

    “President Obama has proposed a credit equivalent of 50 percent of the extra cost of purchasing a natural gas-powered truck compared with one that runs on diesel or gasoline,” said Alan Niedzwiecki, president and CEO of QTWW. “Such incentives make conversion to inexpensive, clean burning and US-produced natural gas fuel even more attractive due to high return on investment and short payback.  Quantum offers proven, class-leading products and technologies for natural gas truck fleets including class 7-8 commercial trucks and refuse trucks.”

    QTWW gained 14.7% to close Wednesday at $1.09, stretching gains into a second day.  Over 1.54 million shares traded hands during the session, versus the 10-day average volume of over 990 K.  The stock is currently above its 50-day moving average of $0.90 and below its 200-day moving average of $1.85.

    Source:

    http://www.qtww.com/press-releases

    Financial Summary

    QTWW reported revenues of $13.0 million for its fiscal 2012 second quarter, up 233% from $3.9 million in the second quarter of fiscal 2012. The Company’s overall operating loss for the second quarter increased $3.9 million, from $4.9 million in the second quarter of fiscal 2011 to $8.8 million in the second quarter of fiscal 2012, attributable to a non-cash impairment charge of $7.5 million related to a write-down of intangible assets and goodwill at Schneider Power.

    The Company reported an overall net loss of $8.4 million for the quarter, compared to a net loss of $1.5 million in the second quarter of fiscal 2011.  QTWW primarily attibuted the increase in net loss to an increase in its operating loss, inclusive of the $7.5 million impairment charge, and the $2.6 million loss on modification of debt recorded in the second quarter of fiscal 2012.

    Source:

    http://www.qtww.com/press-releases?view=76

    Financial Strength (22-Feb-12)

    Company

    Industry

    Sector

    S&P 500

    Quick Ratio (MRQ) 0.59 1.11 1.06 0.59
    Current Ratio (MRQ) 0.67 1.40 1.30 0.93
    LT Debt to Equity (MRQ) 3.10 23.87 56.39 171.18
    Total Debt to Equity (MRQ) 49.07 38.27 96.90 228.78
    Interest Coverage (TTM) 0.07 0.29 26.36

    Source: Reuters.com, SEC Filings

    Technical Analysis

    Source: http://stockcharts.com

    Comparative Analysis

    Company Name Ticker Price per Mrkt. Cap. P/E P/S
    Feb22-2011 symbol Share, $ $ Mn 2011 2012 2011 2012
    Visteon Corp. VC 53.29 2.77B 13.19 12.90 0.34 0.36
    FuelCell Energy Inc. FCEL 1.71 238.16M n/a n/a 1.63 1.45
    Altair Nanotechnologies Inc. ALTI 0.74 51.12M n/a n/a 8.27 0.86
    Valence Technology Inc. VLNC 0.99 169.98M n/a n/a 3.94 2.36
    Auto Parts Median       9.76 n/a 0.40 n/a
    Quantum Fuel Systems Technologies QTWW 1.09 17.43M n/a n/a n/a 0.37

    Source: Thomson Financial

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