Quantum/Asola Ink Yet Another Solar Deal
One of my favorite up and comers in the alt-energy space, Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) announced a solar power-related joint venture recently with German partner and 25% owned Asola and a leading Italian renewable energy firm, EuroboxImpianti s.r.l.According to the release, the deal could net $100M per year not too far down the road.
Although the stock has given back nearly $.17 since the news, QTWW holds a great deal of future potential and has quite a few logs on the fire in the alt-energy space. From hydrogen storage technologies to part ownership of Asola, a very progressive German solar power company, QTWW continues to build a diverse portfolio of green energy investments and capabilities.
The company also recently announced that its German partner is also contracted to build a solar plant in South Korea that could also yield roughly $100 million per year once completed. QTWW is certainly one to watch going forward, partially due to the large run in its stock earlier this year and partially because of its compelling green energy investment. The company is now one of the largest components of the PowerShare (NasdaqGM: PTRP), portfolio and should be on your radar screen going forward.
Labels: Asola, QTWW, Quantum Technologies, Solar Power
posted by "Staff" at
7:23 AM
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