NEW YORK, NY -- (Marketwire) -- 06/07/12 -- The natural gas vehicle market in the U.S. has been gain momentum in 2012 as high gasoline prices have led to an increased focus on alternative fuels. The U.S., which accounts for less than 1 percent of world's natural gas vehicle market, is expected to see rapid growth as a result of their vast supply of natural gas. The Paragon Report examines investing opportunities in the Alternative Fuels Industry and provides equity research on Fuel Systems Solutions, Inc. (NASDAQ: FSYS) and Quantum Fuel Systems Technologies (NASDAQ: QTWW).
According to the organization Natural Gas Vehicles for America there are about 120,000 natural gas vehicles (NGV) on U.S. roads and more than 14.8 million worldwide. The number of NGV fuelling stations in the U.S., roughly 1,000, is expected to increase significantly over the next 2 years. Global NGV sales are predicted to increase at a compound annual growth rate of 7.9 percent to total 19.9 million vehicles by 2016 according to Pike Research.
Paragon Report releases regular market updates on the Alternative Fuels Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Fuel Systems Solutions is a leading designer, manufacturer and supplier of proven, cost-effective alternative fuel components and systems for use in transportation and industrial applications. Fuel Systems' components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas, used in internal combustion engines.
Quantum Fuel Systems Technologies Worldwide, a global leader in natural gas, hydrogen and hybrid electric vehicle technologies, recently announced that it has received a new $750,000 contract from a leading global natural gas vehicle systems developer for supplying its industry-leading ultra-lightweight carbon composite compressed natural gas (CNG) storage tanks for a high-volume light-duty pickup truck platform.
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