Green ETFs

Ener1 (HEV) Gets MDB Capital Upgrade to Buy
Posted by Tate Dwinnell | # |
01:30:39 pm on November 17, 2008

According to StreetInsider.com, MDB Capital is upgrading Ener1 (HEV) this morning from Hold to Buy and increased the price target from $7.50 to $10.  The analyst believes that HEV will meet or exceed its 09 volume commitment for the Think vehicle and is positioned for significant growth based on..

- the recent purchase of Enertech

- the beginning of shipments of its battery pack to Think Global as part of a $70 million contract

- the order of 2 plug-in hybrid electric vehicle packs from one of the largest European car manufacturers

- an order for a prototype battery pack to retrofit a vehicle for demo purposes from a large Tier 1 auto OEM

- financial incentives from Obama administration

Related posts:

• MDB Capital On EnerDel (HEV): Likes The Pipeline But Downgrading On Valuation
• Ownership Questions Dog ENER1 (HEV) As It Competes For Loans And Grants
• Ener1 (HEV) Gets Upgrade to Buy From MDB Capital
• Ener1 (HEV) Applies For $480 Million Federal Loan
• Ener1 (HEV) Narrows Loss, Approaches Commercial Launch of EnerDel Battery

Tags: ener1, hev, mdb capital, obama, plug-in hybrid electric car, upgrade

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