Stock Picks

Disclaimer: This Blog/Person is not a Registered Investment Advisor or a Broker / Dealer. Readers are advised that this website is issued solely for information purposes and does not guarantee its accuracy.

My Photo
Name:
Location: Los Angeles, California, United States

I first became interested in stocks at the age of 14 and I have been an intern for three summers at a large Investment banking firm on the West Coast. I do research on stocks all the time and I also enjoy basketball,hockey and football

Wednesday, July 27, 2005

Gentlemen, Start Your Engines!

Gentlemen, Start Your Engines! I found this company that I happen to like and I have been following it for a few days now ... and it has shot up about 10 % since I have been watchingit. It is called Quantum Fuel Systems Technologies Worldwide, Inc. and it is a hot stock. It has two sides to their business, on one side is alternative fuel vehicles and fuel cell applications. The other side is their high-performance vehicles. For their alternative fuel vehicles, they do business with GM, Daimler-Chrysler and with their high-performance vehicles they only deal with GM or special projects from a professional race cardriver. This company was a spin off of a company called IMPCO. Since then, they have had an alliance with GM and have done special projects(approximately 4 million annually) for them and in return they can access GM proprietary information. Also GM owns about 20% of the company's stock. I believe that with the alliance with a powerhouse like GM, this company is positioned to come out on top in the search of alternative fuel and to take the world to the next level in new energy resources, especially with oil prices going so high. I believe that the stock can go higher from its current levels of $4.55.


Free Hit Counter