Posts Tagged ‘Solar Engery’
QTWW Continues to Run
Thursday, May 29th, 2008
Since we first brought you Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ: QTWW) on the 11th at a price of $1.28, the stock has nearly doubled and now trades at $2.47, $.09 off of its 52-Week high.
I was reluctant to hit the buy button myself in both the $.70 and $1.30 ranges and have been kicking myself over the past few months.
One gripe that I heard from investors regarding QTWW in the past was that although the company was poised to do great things, they still needed to drum up some major contracts to constitute being a good buy at these levels.
Tuesday was a good start in the right direction in my opinion. Quantum’s 25%-owned German partner announced a $17M contract from Sunworx GmbH on. The $4.5M in revenues for QTWW could prove to be just the tip of the iceberg in regards to what the company’s relationship with Asola yields.
With the announcement not too far back that Asola and Quantum are to triple their solar manufacturing capacity to meet rising demand, I’ll be watching closely for more deals to roll in over the next few months.
As business picks up, I suggest watching this one closely. As I have stated previously, this is one of the best small-cap growth stories I have come across this year. Shares closed at $.50 on 1/30/08 and have been in for a wild ride ever since. It just goes to show that the proverbial “5-bagger” is quite possible in the penny stock world. You just have to know where to look!
