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Quantum Fuel -42% after key competitor, largest customer team up

  • Quantum Fuel Systems (QTWW -41.6%) plunges after Hexagon Composites (HXGCF) establishes a joint venture with Agility Fuel Systems to supply compressed natural gas high-pressure cylinders for fuel systems to support the heavy duty natural gas truck market in North America.
  • In its annual report, QTWW identified Hexagon as one of its key competitors in the gaseous fuel storage market, and Agility accounted for 45% of QTWW's revenue last year and 26% of revenue in 2012; QTWW also identified Agility as one of its key competitors in compressed natural gas and hydrogen packaged fuel systems.
Comments (5)
  • pparolisi
    , contributor
    Comments (2) | Send Message
     
    Criminals. Stole 52% of their investors money in one day. They knew and said nothing.
    6 May, 11:32 PM Reply Like
  • a alto
    , contributor
    Comments (122) | Send Message
     
    How did they steal it , why did you sell it ? You should have bought more .
    7 May, 03:40 PM Reply Like
  • pparolisi
    , contributor
    Comments (2) | Send Message
     
    Who said I owned it ? The insider crooks have ruined this industry and this country.
    8 May, 12:45 PM Reply Like
  • Myles2014
    , contributor
    Comment (1) | Send Message
     
    When customers get so big they become more than half of your business its time to evaluate how you do business. When they know you rely on them for cash flow, they start demanding prices that are not mutually beneficial. I expect QTWW to become more profitable now that they can service more customers. Anybody can make tanks, its the control technology which will make future profits soar.
    9 May, 09:39 AM Reply Like
  • User 19061561
    , contributor
    Comments (29) | Send Message
     
    Like your girlfriend hooking up with your worst enemy
    12 May, 10:53 AM Reply Like
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