Shaun Currie, CFA
Long/short equity, hedge fund analyst, momentum

Quantum Fuel Systems: An Update After Quarterly Earnings And Realization Of Price Target

Quantum Fuel Systems (NASDAQ:QTWW) has had quite a run since my original article in November, and subsequent addition to my Top 12 Ideas For 2014 article in December. After strong quarterly earnings last week that helped the stock reach my original price target of $10.75, I decided to review the name to reassess the position. Though I did trim my position at the $10.75 price target, I believe the recent sell-off provides a good entry point on the stock. Additionally, I am increasing my price target to at least $15 based upon a run-rate sensitivity analysis.

When looking at consensus estimates for QTWW, I believe that Street estimates are still too low on the stock. QTWW has a...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details