Tag Archives: avav

Walgreens (WAG) To Roll Out Aerovironment (AVAV) Electric Car Charging Stations In Houston

With the electric car revolution ramping up next year, comes a need for charging stations in convenient locations such as grocery stores.  It was recently announced that Walgreen’s (WAG) will be one of the first large retail chains to offer that convenience by adding EV charging stations next year.  In a partnership with NRG Energy (NRG), the company will provide 18 fast charge EV stations made by Aerovironment (AVAV) around the Houston area.  For a … Read the rest

AeroVironment (AVAV) Receives UL Listing For Home Electric Car Charging Station

AeroVironment (AVAV) announced yesterday it received Underwriters Laboratories (UL) listing for its electric car home charging stations.  This clears the way for the installations of the charging systems to begin at homes this fall in preparation for the launch of the electric vehicle of a major auto manufacturer according to a press release.  I believe they are referring to the launch of the Nissan Leaf since Nissan chose the AVAV charging system back in January, … Read the rest

Aerovironment (AVAV) To Supply "Quick Charging" System For THINK Electric Vehicles

THINK City just announced that it will be working with Aerovironment to create a new fast-charge system for the Think City Electric vehicle. The goal? 80% charge in 15 minutes! This would address one key weakness of electric cars-long charging times that put the vehicles out of commission for hours once you’ve used up all the juice.

In a press release, Michael Bissonette, Aerovironment’s senior vice president and general manager of its Efficient Energy … Read the rest

Nissan Selects Aerovironment (AVAV) For LEAF Electric Vehicle Charging Stations

Aerovironment (AVAV) is seeing some upside movement with volume after it was announced that Nissan has selected the company to provide its electric car home charging stations and installation services to support the upcoming launch of the LEAF in about one year.  The Nissan branded AVAV charging stations will be available for an additional “charge” with AVAV’s network of electricians offering installation assessment and services.  The charging stations will produce a full charge in about … Read the rest

Aerovironment (AVAV) Sells 8 Electric Vehicle Power Cycling/Test Systems To Ener1 (HEV)

Yesterday it was announced that Ener1 (HEV) will use a portion of the stimulus funds it received to purchase eight electric car power cycling and test systems from Aerovironment (AVAV) to expand the company’s test capabilities at its Indiana facility.  The systems are designed to simulate real world driving by repeatedly charging and discharging the lithium batteries.  No word on the financials of the deal.



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Aerovironment (AVAV) Back Below Key Support Following Downgrade

Yesterday, Aerovironment (AVAV) fell back below key support of the 50 and 200 day moving averages after Janney Montgomery downgraded the stock from Buy to Neutral.

Hat tip to StreetInsider.com for the following analyst comment:

“Aerovironment (AVAV) reported the first loss in its history as a public company in its fiscal 2010 first quarter (ended August 1, 2009), as the result of orders being pushed back by customers waiting for the Company’s eagerly anticipated DDL … Read the rest

Army Testing Aerovironment’s (AVAV) New 800kW EV Charger

There’s a good article over at Gas 2.0 today, taking a look at Aerovironment’s (AVAV) new 800kW EV charger being tested by the US Army.  This whopper of a charger has the potential to deliver the same amount of power as 570 household sockets.. about 50x more powerful  than the new US EV charging standard SAE J1772.  According to the article, this kind of charger could add a 1000 miles of range in 15 – … Read the rest

Aerovironment (AVAV) Gets Phase II Contract Extension from DARPA

Aerovironment just announced that it has received a phase II contract extension from DARPA for its nano air vehicle development program. For the program, Aerovironment has developed an air vehicle with two flapping wings that carries its own energy, and successfully tested the vehicle in December of last year. The contract extension, which provides an additional $2.1 million and runs through 2010,  will enable further development of this concept.

In a company press release, project … Read the rest

Aerovironment (AVAV) Beats On EPS & Revenues, Sees Opportunity In Defense & Electric Cars Infrastructure

Aerovironment (AVAV) is pushing higher in after hours trading after beating both EPS and revenue estimates by a small margin.  While EPS came in 10% lower than the year ago quarter, it did beat analyst estimates by a penny a share.  Revenues increased 18% over the year ago quarter and also beat estimates (by about 5%).  The company attributed the revenue increase to stronger sales in the Unmanned Aircraft Systems (up $9.4 million) and Efficient … Read the rest

AeroVironment (AVAV) Partners With Nissan and District of Columbia

AeroVironment just announced that it will be cooperating with Nissan and the District of Columbia to set up an electric car infrastructure in DC. The plan is to build a network of AeroVironment’s PosiCharge charging stations for the city’s fleet of electric vehicles, and make them available to regular citizens to encourage them to buy electric cars of their own.

In article in the Pasadena Star-News, AeroVironment’s director of marketing strategy, Steve Gitlin, commented … Read the rest