Ken, PRTN is interesting and like always, any stock you favor is worth consideration.
The negatives first:
PRTN is suffering from declining revenues as the major portion of their Navy deal has been concluded. They were recently dropped from the R3K and likely lost some institutional interest. The June $1/share dividend doesn't make much sense since this is a recent IPO and a money losing product development company. The dividend also clouded the technical picture, discussion below.
There's plenty of positives. The company is well funded, they've solved production problems and are establishing a niche for their products as they are being developed as well as formulating key relationships.
The technicals did give a positive signal, but the stock hasn't bucked resistance. On June 23, the price dropped a buck to reflect the $1 dividend payout, creating a gap in the graph. The high since this gap was set at 2.53 June 26th and was boken on Aug. 18th as the stock hit 2.61, signaling a possible break.
The new post gap high was stimulated by interest in blackout plays. This stock will need new juice to break higher. As posted above, there's plenty of potential here. Besides the activity described in the article you posted, there's the fuel cell work being done for Ford. I think that Ditch had posted on this several months back, if my memory is correct.
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