Citron Research (formerly StockLemon.com) is known for its in depth research and peeling away the truth behind a company’s numbers, exposing the true nature of the business or lack thereof. Today, they issued a report on American Superconductor (AMSC), calling the company an industrial commodity (who happens to supply the wind industry) rather than an alt energy play. They also bring attention to the request of the company that the SEC withhold key information from … Read the rest
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Citron Research: Ener1 (HEV) All Hype
Citron Research just released a report on Ener1 (HEV) declaring that the company “has no path to profitability and no evidence of widespread commercial acceptance of their product.”
Citron goes on to say that this “corporate shell” company has a history of failed businesses based on exaggerated promises which include everything from video games to visualization software to set top boxes.
They just got into the lithium battery business by purchasing Delphi’s years … Read the rest