Shares of Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW) Gain on Solar Modules Contract
Shares of Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a fully integrated alternative energy company and leader in the development and production of energy storage technologies and alternative fuel vehicles, recently jumped on news of a new solar modules contract. Last week, the company announced that its German partner, Asola Advanced and Automotive Solar Systems, secured a $17 million contract from Sunworx for the supply of high-efficiency silicon photovoltaic solar modules. Following the news, shares of Quantum Fuel Systems Technologies Worldwide climbed more than 16 percent on almost 8.5 million shares traded. This deal is expected to create a…