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Fuel System Solutions posts

Fuel Systems Solutions: A High-Risk Stock

Posted Apr 22nd 2010 10:30AM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

It's been a volatile six months, to say the least, for bi-fuel/alternative fuel system manufacturer Fuel Systems Solutions (FSYS). I first discussed Fuel Systems here on August 17, 2009 at a price of $30.42. The stock gapped-up to $44 in the fall 2009, then hurdled through key, psychological resistance at $50, only to give it all back in 2010, with the stock current trading around $32.

In its fourth quarter report, Fuel Systems said it expects 2010 revenue of $400 million to $450 million on 130,000-140,000 delay original equipment manufactured installations (DOEMs), down from 183,000 completed in 2009, due to the expiration of 2009 subsidy programs in Italy, a major market for the company.

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Fuel Systems Solutions: Buy on a pull-back

Posted Nov 5th 2009 2:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

Alternative fuel system company Fuel Systems Solutions Inc. (NASDAQ: FSYS) continues to progress. The company Thursday reported Q3 EPS of 77 cents versus the 43 cents First Call EPS estimate and the stock was up $8.82 to $42.63 at mid-day. I'm reiterating my Buy rating for the company, first recommended on August 17, 2009 at a price of $30.42, but wait for a pull-back following Thursday's surge. If bought FSYS in August, you're up about 40%.

Fuel Systems' Q3 revenue increased 10% to $116.2 million, with the company reporting a record 47,000 systems installations, up from 37,000 and 30,000 in Q2 and Q1, respectively. Demand for alternative fuel vehicles was strong, especially in Italy, which offset weakness in its industrial business, and a negative foreign exchange impact, the company noted.

Continue reading Fuel Systems Solutions: Buy on a pull-back