Tag Archives: hybrid car

Ener1 (HEV) Gets Buy Rating From Deutsche Bank: "Technology Highly Regarded"

Deutsche Bank is initiating coverage on Ener1 Inc. (HEV) this morning with a Buy rating and price target of $11.

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

“Ener1’s technology is highly regarded, it has a strong management team, and we expect it to have similar capacity to its primary US competitors (i.e., JCI, A123, LG Chem) through mid-decade. Most importantly, the company has contracts that should generate an annual run-rate of $150+ million … Read the rest

Ener1 (HEV) Applies For $480 Million Federal Loan

Ener1 (HEV) has applied for a $480 million low interest loan from the government as a part of a federal program called the Advanced Technology Vehicle Manufacturing Incentive Program to spur the development of the next generation of electric vehicles.  The $25 billion program, administered by the Dept of Energy will be used to aid auto companies in the retooling of their manufacturing facilities to improve auto efficiencies.

If the funds are granted, it will … Read the rest