Fuel Systems Solutions: Tools for a more fuel-efficient future
When it comes to reducing the world's dependence on fossil fuels, there are abstract theories and then there are practical tools. Fuel Systems Solutions Inc. (Nasdaq:FSYS) falls squarely into the latter category, and as a growing number of car and bus manufacturers discover how its equipment helps vehicles run more efficiently on cleaner sources of fuel, investors are reaping the benefits.
Shares of the Santa Ana, Calif. small cap closed at $31.89 on Monday, up 123% from the start of the year, reflecting both a growing investor interest in all things green as well as Fuel Systems' proven track record of selling and installing gear that turns traditional internal combustion engines into flexible pieces of equipment that can run on cleaner-burning fuels such as natural gas, propane and biogas.
Fuel Systems' last several quarters have outperformed expectations, most recently in its second quarter, when it reported a 50% spike in revenue over the year-ago quarter, which President Matthew Beale said underscored "the rapidly expanding demand for alternatives to petroleum to fuel vehicles."
Fuel Systems' revenue rose to $98.3 million from $65 million in the three months ended June 30, 2008. Net income rose to $4.6 million from $0.3 million in the same time. Four analysts who track this company project net income will shoot up to $1.45 per share in 2008 and $1.82 per share in 2009 from $0.58 per share last . . .
Shares of the Santa Ana, Calif. small cap closed at $31.89 on Monday, up 123% from the start of the year, reflecting both a growing investor interest in all things green as well as Fuel Systems' proven track record of selling and installing gear that turns traditional internal combustion engines into flexible pieces of equipment that can run on cleaner-burning fuels such as natural gas, propane and biogas.
Fuel Systems' last several quarters have outperformed expectations, most recently in its second quarter, when it reported a 50% spike in revenue over the year-ago quarter, which President Matthew Beale said underscored "the rapidly expanding demand for alternatives to petroleum to fuel vehicles."
Fuel Systems' revenue rose to $98.3 million from $65 million in the three months ended June 30, 2008. Net income rose to $4.6 million from $0.3 million in the same time. Four analysts who track this company project net income will shoot up to $1.45 per share in 2008 and $1.82 per share in 2009 from $0.58 per share last . . .
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About the Author
Contributing author Andrea Orr has worked as a financial and business journalist for more than 15 years in New York, Los Angeles and northern California.