Quantum Fuel Systems (QTWW) Breaking Out On Fisker Auto Plant News

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11:37:33 am on October 27, 2009

Joined by VP Joe Biden today, Fisker executives announced inside an old GM facility that they will begin using the facility to support Fisker’s Project NINA with the goal of producing a family oriented plug-in hybrid sedan costing less than $40K.  It’s a ways off though.  The company won’t begin production in the facility for at least three years and won’t get up to full capacity for at least five years. 

Quantum Fuel (QTWW) is moving on the news because they are a major component supplier (propulsion system) for the Fisker.  I highlighted the bullishness of QTWW a few weeks ago and it continues to look very bullish on the daily chart.

As I finish up this post, the stock has given up most of the days gains and trading nearly flat on the day.

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Quantum is a co founder of fisker coach build and owns 22%

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