Many of you have never heard of Fuel Systems Solutions ticker symbol FSYS. Fuel Systems is only up 299% in 2008! I have been following this stock for several months now and last week it really broke out big time! Why has FSYS broken out into a huge explosive uptrend? Earnings!
What does Fuel Systems Solutions ( FSYS ) do?
Fuel Systems Solutions, Inc. engages in the design, manufacture, and supply of alternative fuel components and systems for use in the transportation, industrial, and power generation industries. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. The company offers a range of gaseous fuel components, such as fuel delivery pressure regulators, fuel injectors, flow control valves, and other components to control the pressure, flow, and/or metering of gaseous fuels; electronic controls, such as solid-state components and proprietary software that monitor and optimize fuel pressure and flow for engine requirements; and gaseous fueled internal combustion engines. It also provides systems integration support to integrate the gaseous fuel storage, fuel delivery, and/or electronic control components and sub-systems; various ancillary components for systems operation on alternative fuels; and engineering and systems integration services. The company supplies its products and systems primarily to automobile manufacturers, taxi companies, transit and shuttle bus companies, and delivery fleets through a network of distributors and dealers, as well as through a sales force that develops sales with distributors, original equipment manufacturers, and end-users. Fuel Systems Solutions, Inc. was founded in 1958 and is headquartered in Santa Ana, California
Have you been hearing the news from the Chesapeake Energy CEO ( Top company in the Haynesville Shale ) going to Washington D.C to convince congress to start switching to Natural Gas as transportation fuel? It is coming folks...maybe in 3-5 years. Europe already has natural gas cars. Fuel System Solutions ( FSYS ) is set to profit big time from this trend. This could be the wave of the future for automobiles.
Earnings:
FSYS reported earnings of .29 cents per share vs a year ago only earning .03 cents per share. Revenue went up 50% to 98.3 million. The Market cap of FSYS is only 885 Million.
Keep a close eye on this company.....it could be huge in the coming years!
Tuesday, August 12, 2008
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