While the rest of the green energy market crumbles along with the general market, there are a few green stocks quietly showing strong technical action. One such company is Ener1 (HEV), the maker of lithium batteries for electric cars. A few days ago it broke out of a double bottom base and is now forming a handle as volume levels indicate good demand for the stock. A breakout from the handle above 8.50 and a … 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
Cramer Likes Ener1 (HEV) & Sociedad (SQM) For Lithium Battery Play
Jim Cramer said on Mad Money that Ener1 (HEV) is one of his first favorite speculations. He said “”That’s one of my favorite speculations. I think that you want to be in that. It’s a lithium battery company. I also like Sociedad Quimica (SQM) as an even better play.”
Developing smaller lithium batteries than can hold increasingly longer charges while remaining safe will be a big barrier to wide spread adoption of electric plug in … Read the rest