Shares of Quantum Fuel Systems (QTWW) are having a good morning, up over 10% on news the company reported a record revenue number of $8.2 million which was well ahead of the analyst estimate of $5.6 million. The company is attributing the surge to increased development program revenue and product shipments to Fisker of its Q-Drive components for electric cars. The EPS loss narrowed this quarter to .02/share, but much of that was due to … Read the rest
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Quantum Fuel Systems (QTWW) Surged On 100 Electric Ford F150 Deal With Dow Chemical
Quantum Fuel Systems (QTWW) surged with heavy volume off the 50 day moving average yesterday on news the company won a contract with Dow Chemical (DOW) to deliver 100 plug-in hybrid Ford F150 pickups (about 5% of Dow’s fleet). The vehicles will use Quantum’s proprietary F-Drive system developed specifically for the Ford F150 along with Dow Kokam lithium battery technology. The truck has a 35 mile all electric range and a 400 mile range in … Read the rest
Army Testing Quantum Fuel Systems (QTWW) CERV Vehicle
Quantum Fuel Systems Technologies (QTWW) announced today that the U.S. Army displayed and provided over 700 test-drives of Quantum Technology’s Clandestine Extended Range Vehicle ("CERV") at the Army’s All American Bowl in San Antonio, Texas. The “CERV”, using Quantum’s Q-Force hybrid drive system, is an electric hybrid vehicle designed for recon, rescue and targeting missions and is able to climb 60% grades and ford nearly 3ft of water all while using up to 25% less … Read the rest
Quantum Fuel Systems (QTWW) Secures Order For Nat Gas Vehicle Tanks
Quantum Fuel Systems Technologies (QTWW) has announced it’s secured a new purchase contract from a leading Utah-based natural gas vehicle integrator to supply a series of large capacity natural gas vehicle tanks for medium and heavy duty trucks. The Quantum nat gas fuel tanks are lighter than competing tanks allowing for larger storage tanks. They have supplied over 20K of these tanks to General Motors (GM). No word on who this contract is for or … Read the rest
Quantum Fuel Systems (QTWW) Reports Mixed Results
Quantum Fuel Systems (QTWW) reported results after the bell today and as expected posted another loss on weak revenues. Revenues aren’t expected to improve until next year since this is a company that is for the most part tied to the success of the Fisker Karma which is expected to begin volume production in 2011. The company reported a loss of .04/share on revenues of $3.8 million which resulted in a .01/share miss on … Read the rest
Quantum Fuel Systems (QTWW) Signs Initial Q-Drive Purchase Order For Fisker Karma
Quantum Fuel Systems (QTWW) signed a supply deal with Fisker Automotive about two months ago for solar roof modules and control components for the Q-Drive system. Today, they have announced an initial purchase order for supplying Q-Drive™ powertrain systems for the Fisker Karma.
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Quantum will begin supplying the powertrain systems this fall to enable volume production which is expected to begin in February of … Read the rest
Quantum Fuel Systems (QTWW) Soars On Lockheed (LMT) ISIS Airship Deal
It’s been a mighty rough 2010 for Quantum Fuel Systems (QTWW), falling from a high of 1.50 last September to around 50 cents yesterday. Today, it finally got some good news and the stock surged 16% with good volume. It’s still trading well below a buck, but perhaps the bottom is near. It announced this morning that it’s been awarded a contract from Lockheed Martin (LMT) to supply hydrogen metering systems for use in Lockheed’s … Read the rest
Quantum Fuel Systems (QTWW) Shipping Diesel Hybrid Vehicles To US Army
Quantum Fuel Systems (QTWW) announced today they are developing and shipping six Clandestine Extended Range Vehicle (CERV) for the US Army designed for quick special ops missions. The vehicle uses Quantum’s Q-Force diesel hybrid electric powertrain system along with a weapons ring for greater fire power. Along with greater fuel efficiency, the vehicle will be able to maintain speeds of 80mph and ascend 60% grades. Is the bat mobile far off?
Alan Niedzwiecki, CEO of … Read the rest
QTWW Update: Moving On Half Billion Govt Loan To Fisker Automotive
The news is in on Quantum which will produce the propulsion systems for Fisker Automotive. The US government and Fisker Auto have agreed to terms on a loan of more than half a billion bucks to create fuel efficient hybrid and electric cars. A majority of the low-interest funds goes to Project NINA, which will oversee the design, engineering and assembly of Fisker cars with the remainder being used to finalize development of the Karma. … Read the rest
Quantum Fuel Systems (QTWW) Breaking Out Big Above $1 And Aug Highs
I don’t see any news on QTWW as of yet, but it’s moving big here, taking out the dollar level and the Aug highs. It’s overextended intraday, but this move is extremely bullish.