Last night, President Obama addressed how cleaner fuel technology will be a focus for the nation as he addressed the world in the State of the Union speech. One Company who surely looks to benefit from any legislation forcing cleaner burning diesel engines is American Power Group Corporation (OTC: APGI). The Company reported today much improved financial results for its fiscal Q1 of 2013. While not really subject to penny stock traders being able to flip shares in the alternative energy Company, APGI stock has regained its “status quo” after rebounding from its mid 40’s lows in December — a level unlikely to be seen again anytime son.
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APGI Stock Quote at 12:45:24 PM
Market Cap: 33.09M
Last: 0.725 ▲ 0.025 (3.57%)
Volume: 213,847
Dollar Volume: $155,814
Open: 0.71
High: 0.75
Low: 0.675
Trades: 96
Authorized: 150,000,000
Issued and Outstanding: 45,954,037
14-Day Rel Strength: 55.52%
14-Day Stochastic: 79.17%
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American Power Group offers its clients a cost-effective, patented Turbocharged Natural Gas™ conversion technology which, depending on the circumstances, can run on:
- Diesel fuel and compressed natural gas or liquefied natural gas;
- Diesel fuel and pipeline gas, well-head gas or approved bio-methane; or
- 100% diesel fuel
Unlike Companies with similar claims like Echo Automotive (ECAU) who has yet to prove their EchoDrive, American Power Group’s proprietary technology has proven it seamlessly displaces 40% to 70% of the normal diesel fuel consumption with various forms of natural gas. By utilizing the Company’s patented control system, the energized fuel balance between the two fuels is maintained ensuring the engines operate to Original Equipment Manufacturers’ specified temperatures and pressures with no loss of horsepower.
Today, the Company announced its financial results for the three months ended December 31, 2012. Revenues grew by 121% to $875,000 compared to $396,000 for the same period in 2011. Net sales for the year ended September 30, 2012 were $2,633,880, a clear sign that Q1 growth is indicative of abundant for the Company and expectations of soon seeing positive EPS is within site — 12-18 months.
Just a few weeks ago, officials from the Company announced that they had received purchase orders totaling $1.5 million from Cudd Energy Services to upgrade and convert diesel pumps used for hydraulic fracturing. As long as oil independence and clean fuel technology remain an important source to the U.S. returning to being a super power economically, APGI stock should continue to remain above the 0.70 level and attract investors who are looking for “the next best thing.”
About APGI Stock
American Power Group Corporation, fka GreenMan Technologies, Inc., is focused on developing their patented dual fuel conversion, a unique external fuel delivery enhancement system that converts existing diesel engines into more efficient and environmentally friendly ones. Click here to view the SEC filings for APGI.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 02/12/13 | 0.7000 | -0.0400 | -5.41% | 13,800 |
| 02/11/13 | 0.7400 | unch | unch | 22,500 |
| 02/08/13 | 0.7400 | -0.0100 | -1.33% | 42,900 |
| 02/07/13 | 0.7500 | -0.0100 | -1.32% | 8,700 |
| 02/06/13 | 0.7600 | +0.0100 | +1.33% | 36,300 |
Bottom Line: APGI stock is a very interesting penny stock for long investors to look into thoroughly. While the 10-Q for the Company has yet to be filed, a significant factor to look at will be the “current assets” portion which came in at $6,053,928 when the Company filed their 10-K on the last day of 2012. APGI is currently sitting -19.10% below the 52 week high of 0.89 set back on July 9.
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