Fuel Systems Solutions soars 18% on analyst upgrade

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Fuel Systems Solutions Inc. (Nasdaq:FSYS) is up more than 18% today after research firm Broadpoint Capital upgraded the company ahead of the opening to “buy” from “neutral.” The alternative fuel components manufacturer is up more than 126% since January and shares of the Santa Ana, Calif.-based company have ranged between $9.80 and $41.90 during the past 52 weeks.

In today’s trading, shares of Fuel Systems Solutions are at $32.88, up $5.04 from Tuesday’s close. Trading volume is below average, at about half amount of usual shares.

For detailed price information and recent news stories on Fuel Systems Solutions Inc., click FSYS.