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Fuel Systems Solutions: Buy on a pull-back |
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| Nov 05, 2009 07:30 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
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 Fuel Systems Solutions: Buy on a pull-back originally appeared on BloggingStocks on Thu, 05 Nov 2009 14:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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