Tag Archives: fsys

Fuel Systems Solutions (FSYS) Down Big After Missing Big On EPS, “2011 Remains An Investment Year”

Fuel Systems Solutions (FSYS) is having a rough morning, down 15% after reporting an EPS that was well below analyst expectations.  After taking out the one time relocation cost of moving a portion of its business from the Netherlands to Italy, the company reported an EPS of .065/share which was well below the analyst estimate for a profit of .17/share.  The company attributed the miss to higher taxes in the quarter.  On the bright side, … Read the rest

Fuel Systems Solutions (FSYS) Named Supplier For General Motors (GM) CNG Pickup Truck

Today Fuel Systems Solutions (FSYS) was selected by General Motors (GM) as a Tier-One supplier for a new compressed natural gas (CNG) bi-fuel commercial pickup truck. The company is already integrating its bi-fuel systems into the Chevy Express and GMC Savana cargo vans at its facility in Indiana and will add this new CNG pickup from GM into the mix.  The vehicle is expected to launch in about a year.

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Westport Innovations (WPRT) Breaks To All Time High On Shell LNG Co-Marketing Deal

Westport Innovations (WPRT) which has been one of the strongest green stocks for several months now is breaking out to an all time high after the company announced yesterday that it has engaged in a co-marketing deal with Shell for the advancement of LNG fuel and technologies across North America.  The companies plan to consolidate fuel supply, customer support and maintenance into one user friendly package to make operating LNG vehicles more efficient and economical.  … Read the rest

Natural Gas Fuel Companies Surging On Obama Pledge (CLNE, FSYS, WPRT)

The natural gas fuel stocks are surging with heavy volume  this morning ahead of an Obama speech in which he’s expected to lay out his energy policy in order to reduce dependence on foreign oil.  It’s expected he’ll outline a variety of initiatives which will include increased US oil production and ethanol production as well as a push for natural gas as a fuel.  The goal will be to reduce oil imports by about a … Read the rest

Fuel Systems Solutions (FSYS) Acquires EvoTek For $7 Million; Completes Productive Concepts Deal

Fuel Systems Solutions (FSYS) is on the acquisition trail this morning and has acquired privately held EvoTek LLC that provides dedicated CNG and LPG conversion systems across multiple U.S. fleet vehicle platforms. One of its customers includes BAF Technologies, a subsidiary of Clean Energy Fuels (CLNE).  The $7.0 million deal consists of $4 million in cash and $3 million in stock.  The company also announced it completed the purchase of Productive Concepts International fuel vehicle … Read the rest

Fuel Systems Solutions (FSYS) Acquiring Productive Concepts International For $11.1M

Fuel Systems Solutions just announced that it is in the pr0cess of purchasing Productive Concepts International’s alternative fuel vehicle business for $11.1 million, expanding its US automotive OEM market penetration. The purchase includes $975,000 in assumed debt and is expected to be complete within the next 30 days, after which Productive Concepts International will become Fuel Systems Solutions’ subsidiary.

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In a press release, … Read the rest

Fuel Systems Solutions (FSYS) Smashes Estimates, Narrows Guidance

Fuel Systems Solutions (FSYS) reported excellent earnings results this morning, reporting a Q2 EPS of $0.39, vs the analyst estimate of $0.22 on revenues of $99.8 million, vs the estimate of $89.53 million.  Granted, those numbers are close to flat compared to what they reported a year ago and way below what they reported last quarter, but that’s due to the end of Italian subsidies.  The company has been discussing this for some time and … Read the rest

Fuel Systems Solutions (FSYS) Subsidiary IMPCO Wins Europe Deal For Idle Reduction Equipment

Fuel Systems Solutions (FSYS) has announced that its subsidiary IMPCO Ecotrans has won its first significant supply agreement for its locomotive idle reduction equipment in Europe. They will initially supply 50 locomotive auxiliary power units within a few months and installation is expected to be completed by the end of the year.  No word on the name of the European company or the financials of the deal.

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Winner In Proposed Energy Bill – Natural Gas Fuel Stocks CLNE, FSYS, WPRT

In proposed legislation introduced by Senator Harry Reid yesterday, it was clear that the natural gas fuel providers and parts suppliers may be big beneficiaries.  Along with establishing a Nat Gas Vehicle and Infrastructure Development Program within the DOE, nearly $4 billion in rebates would be provided to purchasers of nat gas vehicles as well as another $2.5 billion for grants for infrastructure and R&D.

Andrew J. Littlefair, Clean Energy President and CEO, said, “We … Read the rest

Today’s Analyst Roundup: WFR, FSYS, ORA, ERII, JASO, TSL, ABB, ELON, RBCN

Another wild day and I’m busy watching the market and getting behind on green stocks updates!  Lots of analyst rating changes today..

Wunderlich Securities upgraded MEMC Electronic Materials (WFR) from Hold to Buy.  Shares of WFR of doing a decent job of holding all time lows despite being hammered after earnings and during yesterday’s market crash.  Get a Free WFR trend analysis here.


Craig-Hallum downgrades Fuel Systems Solutions (FSYS) Buy to Accumulate and slashed … Read the rest