Tecstar Solar
Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=QTWW.W
Investment Highlights
QTWW in early February announced that it was selected by the U.S. Postal Service (USPS) to produce an advanced electric postal delivery vehicle based on the widely used Long Life Vehicle (LLV) platform. QTWW was competitively selected, along with four other companies, for participation in a one-year demonstration and validation program to be conducted by the USPS in Washington DC. A successful demonstration in the nation’s capital could pave the way to broad adoption of battery electric vehicles in the USPS fleet. Electrification of the 178,000-strong LLV segment of the postal delivery fleet, the largest civilian fleet in the country, will help to reduce emissions across the country and reduce dependence on foreign petroleum while supporting the continued development of the U.S. electric vehicle industry.
Besides the environmental benefits and fuel savings, electric postal vehicles could also serve as valuable energy storage devices for the grid, under Smart Grid technologies. The short range mail routes with numerous stops make postal delivery vehicles an ideal application for a battery electric vehicle with regenerative braking features. Under this program, QTWW will integrate its Quantum Quiet high efficiency battery electric drive system, into a Grumman LLV. QTWW will supply the Quiet electric drive system that has been optimized for the specific requirements of the USPS, by incorporating a number of advanced features to maximize the efficiency of the electric drive system while operating in the typical 500-700 stops per day use of a postal delivery vehicle. The 20-25 mile usage range of the USPS vehicle is compatible with the energy storage capability of the advanced lithium battery used in QTWW’s electric drive system.
QTWW announced in late January that it has achieved the industry standard UL (US) and C-UL (Canada) certifications for its 230 Watt series of crystalline silicon solar photovoltaic modules. Quantum’s solar modules have also been successfully tested under the California Energy Commission (CEC) guidelines and subsequently listed as “eligible photovoltaic modules” under the California Solar Initiative program for state rebates.
QTWW’s German affiliate Asola currently manufactures solar modules that incorporate advanced crystalline silicon technologies per European standards. The Asola solar modules are labeled with the CE mark, certifying that the products meet the requirements of European IEC 61215 and IEC 61730 standards. Together with QTWW’s certifications to UL 1703 (US) and ULC ORD C1703 (Canada), the Quantum-Asola product-line certifications provide safety as well as performance conformity around the globe.
QTWW’s solar modules are designed for reliable energy generation over a period exceeding 25 years:
- Maximum Power Output: high efficiency crystalline silicon solar cells and low-iron, tempered and lightly textured glass that allows high transmission and ensures high power output
- Maximum Reliability: precision cell placement and edge distances guarantee reliable, high energy yields; robust junction box with three by-pass diodes adds to reliability and performance
- Durability: solar cells are encapsulated within a high-quality UV-stable ethylene vinyl acetate foil for durability; corrosion-proof and torsion-resistant aluminum alloy frame is constructed to be rigid, and without screws or corner connections
- High Quality: each module tested for quality and performance, and verified for dielectric voltage resistance, ground continuity and power output
QTWW ’s solar modules are slated for mass production in a state of the art facility planned for Irvine, California, with an expected annual capacity of 45 MW. Quantum announced on January 19, 2010 that it has entered into a professional services agreement with the Los Angeles Department of Water and Power (LADWP) as a qualified supplier eligible to bid for competitive procurement of up to 200 MW of solar power projects, as part of the mandated Renewable Portfolio Standard (RPS) program, with a budget of $455 million over three years.
Source: http://www.qtww.com/
Technical Analysis
Source: http://stockcharts.com
QTWW is below its 50-day moving average. This bearish sign is even more significant because the moving average is also trending lower.
QTWW is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
QTWW’s MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish.
