Fuel Systems posts Q4 above the Street, says end market remains strong
Alternative fuel components and systems provider, Fuel Systems Solutions, Inc. (Nasdaq:FSYS) this morning reported fourth-quarter results that beat the consensus on Wall Street and noted that the economic, political and environmental solutions provided by increasing uses of gaseous fuels will continue to drive the global market. The Santa Ana, Calif. –based company also said it will focus on commercial high-volume fleet applications for its systems and components going forward.
Shares advanced 15.25%, or $2.14, to $16.17 out of the gate. For detailed price information and recent news stories about Fuel Systems, click FSYS.
