While not a pure play, Fuel Systems Solutions, Inc. (stock symbol: [t]FSYS[/t]) offers investors an opportunity to potentially profit from the development of a larger market for vehicles powered by natural gas.
The stock closed at $22.76 today, down from its 52-week high of $61.24.
From the Company’s Yahoo profile:
Fuel Systems Solutions, Inc. engages in the design, manufacture, and supply of alternative fuel components and systems for use in the transportation, industrial, and power generation industries. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. The company offers a range of gaseous fuel components, including fuel delivery pressure regulators, fuel injectors, flow control valves, and other components to control the pressure, flow, and/or metering of gaseous fuels; electronic controls, such as solid-state components and proprietary software that monitor and optimize fuel pressure and flow for engine requirements; and gaseous fueled internal combustion engines. It also provides systems integration support to integrate the gaseous fuel storage, fuel delivery, and/or electronic control components and sub-systems; various ancillary components for systems operation on alternative fuels; and engineering and systems integration services. The company supplies its products and systems primarily to automobile manufacturers, taxi companies, transit and shuttle bus companies, and delivery fleets through a network of distributors and dealers, as well as through a sales force that develops sales with distributors, original equipment manufacturers, and end-users. Fuel Systems Solutions, Inc. was founded in 1958 and is headquartered in Santa Ana, California.
Years ending December 31:
Sales
2008: $382,697,000
2007: $265,331,000
2006: $220,816,000
2005: $174,539,000
2004: $118,292,000
Operating profits
2008: $46,099,000
2007: $19,279,000
2006: $20,035,000
2005: $5,957,000
2004: ($2,799,000)
Net earnings
2008: $23,342,000
2007: $5,883,000
2006: $6,912,000
2005: ($9,649,000)
2004: ($17,618,000)
EPS
2008: $1.49
2007: $.38
2006: $.46
2005: ($.72)
2004: ($1.89)
Quarters ending March 31:
Sales
2009: $80,082,000
2008: $94,600,000
Operating profits
2009: $11,358,000
2008: $13,392,000
Net earnings
2009: $7,070,000
2008: $6,226,000
EPS
2009: $.44
2008: $.40
Company website
SEC filings |
