Merriman Capital Initiates Coverage on Quantum Fuel Systems Technologies Worldwide
SAN FRANCISCO, June 13, 2012 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), initiated equity research coverage on Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ: QTWW) ($0.66) yesterday with a Buy rating.
Quantum Fuel Systems Technologies Worldwide is an integrated alternative energy company which develops and produces natural gas, fuel cell, and other propulsion systems, and renewable energy generation systems and services in the United States and internationally. The Company's Electric Drive and Fuel Systems segment offers electronic vehicle control systems and software, as well as fuel storage tanks for storing compressed natural gas or hydrogen; pressure regulators, fuel injectors, flow control valves, and other components..
Research analyst, Jesse Herrick, summarized in his initiation report:
We are positive on Quantum's near-term revenue ramp up in the U.S. market due to regulatory mandates on enhancing fuel economy in the transportation sector and attractive economics when employing the company's technologies. With niche capabilities in fuel storage and propulsion technologies, we believe Quantum is uniquely positioned to benefit from a growing market for fuel efficient automotive technologies.
Members of the media can obtain a copy of this Merriman Capital research report by e-mailing email@example.com.
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. The firm also provides capital raising, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR) and is the leading investment banking firm for OTCQX companies. For more information, please go to http://www.merrimanco.com/.
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/.
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2012 and Form 10-Q field on May 15, 2012. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form10-K/A filed on April 30, 2012 and Form 10-Q field on May 15, 2012, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."
This research has been prepared by Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. Some companies Merriman Capital, Inc. follows are emerging growth companies whose securities typically involve a higher degree of risk and more volatility than the securities of more established companies.
The securities discussed in Merriman Capital, Inc.'s research reports may be unsuitable for some investors depending on their specific investment objectives, financial status, risk profile, or particular needs. Investors should consider this report as only a single factor in making their investment decisions and should not rely solely on this report in evaluating whether or not to buy or sell the securities of the subject company.
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Key to investment Rankings (expected total share price return inclusive of dividend reinvestment, if applicable)
- Buy: Merriman Capital, Inc. expects the stock price to appreciate 10% or more over the next 12 months. Initiate or increase position.
- Neutral: Merriman Capital, Inc. believes the stock price is fairly valued at current levels. Maintain position or take no action.
- Sell: Merriman Capital, Inc. expects the stock price to depreciate over the next 12 months. Sell or decrease position.
This press release is for information purposes only and should not be regarded as an offer to sell or solicitation to buy the securities or other instruments of the Company mentioned.
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