Tesla Motors (TSLA) appears to be on track for a launch of its much anticipated Model S electric sedan for next year. The company has begun assembling beta versions of the vehicle, a few of which will make its way into Tesla showrooms later in the year.
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The success of Tesla will most likely be closely tied to the success of its Model S because they … Read the rest
Maxwell Technologies (MXWL) is having a great day today with a more than 15% surge after the company beat analyst estimates, posting robust quarter over quarter growth in the process. The company reported an EPS of .06 on revenues of $38.5 million vs the analyst estimate for .01 in EPS on revenue of $37 million. The company continues to experience rapid growth and that continued with quarter over quarter EPS and revenue growth of … Read the rest
Ener1 (HEV) is announcing a lithium ion battery cells distribution deal with the leading high performance electric motorcycle manufacturer, Lightning SuperBike. They will also eventually supply cells for Lightning’s commuter bikes and scooters which will be developed over the next few years. Lightning is expected to come out with a street legal version of its record breaking high speed bike soon.
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"We’ve tested many different battery … Read the rest
This was an investment announced quite awhile awhile ago, but it’s being announced this morning that the $57 million investment in Altair Nanotechnologies (ALTI) by Canon Investment Holdings is finally closing. The investment will result in a majority ownership stake for Canon, but it was necessary for ALTI to survive and make a run at a big push in the China market.
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Canon chairman Wei Yincang … Read the rest
Ener1 (HEV) and Wanxiang Electric Vehicle Co. announced that the Chinese government has approved their joint venture to co-manufacture lithium-ion storage energy systems for the China market. The new company will initially focus on fulfilling existing contracts with State Grid, the largest power supplier in China. The projects include electric buses and cars as well as grid storage systems. In the future, the joint venture company could fulfill orders for other customers such as SAIC … Read the rest
I believe the bottom is in on Kandi Technologies (KNDI) with today’s 20%+ surge on news it will expand its relationship with Hangzhou Electric Vehicle Service which opens the door for Kandi electric cars to be used in a pure electric vehicle pilot program in the Hangzhou province (around 20K vehicles). In addition to ensuring that the electric vehicle infrastructure meets Kandi’s technical and infrastructure needs, HEVS will also leverage and promote Kandi’s unique “Express … Read the rest
Shares of Quantum Fuel Systems (QTWW) are having a good morning, up over 10% on news the company reported a record revenue number of $8.2 million which was well ahead of the analyst estimate of $5.6 million. The company is attributing the surge to increased development program revenue and product shipments to Fisker of its Q-Drive components for electric cars. The EPS loss narrowed this quarter to .02/share, but much of that was due to … Read the rest
After sinking to new all time lows last week, shares of A123 Systems (AONE) are popping higher today on news that Morgan Stanley upgraded to Overweight from Equalweight and raised the price target to $9/share which would be a double from Friday’s closing price.
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The firm cites three catalysts as well as revenue visibility.
1. Sees revenue ramp (could top 2009 & 2010 totals over next … Read the rest
Advanced Battery Technologies (ABAT) needs some good news. The stock has been punished in recent months on accounting concerns. Today it got some when the company announced intraday that it received a $14.7 million order on June 1st for 24,000 electric bikes and scooters from Wuxi Hao Jie Vehicle. The vehicles will be delivered over the course of the next year. The contract represents about half of a quarters revenue, so significant but not a … Read the rest
Usually announcements of secondary offerings can derail a stock at least in the short term, but yesterday shares of Tesla Motors (TSLA) broke out of a large cup with handle base with heavy volume after the company announced a follow on offering of 5.3 million shares to fund the development of its Model X crossover vehicle. This announcement in and of itself would not have lead to a breakout.