It’s been a rough year for lithium battery stocks, but every once in awhile some good news emerges such as the $7.2 million lithium battery order Valence Technology (VLNC) received from Electric Vehicles International (EVI) to be used in 100 UPS trucks around California. No word on when the vehicles would be placed into service.
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"Valence is the exclusive advanced battery supplier to EVI, and we … Read the rest
Valence Technology (VLNC) posted mixed results late last week and traders didn’t react much keeping the stock above its 50 day moving average and the bullish uptrend off the August lows intact. The company beat on the EPS side posting a loss of .01/share (vs the estimate for a .02/share loss), but the revenue number missed with the company reporting $13.8 million vs the $15 million analyst estimate. The good news is that the company … Read the rest
It’s been a great ride for Valence Technology (VLNC) in recent weeks. The stock began to show signs it was turning the corner in early September when I highlighted it in a video and it’s up about 40% since. This morning, the stock is going to run at least another 10% on news the company has raised guidance for this quarter and now sees revenues at $12 million vs the previous guidance of $8 – … Read the rest
A couple days ago, I highlighted the emergence of Altair Nanotechnologies (ALTI) and mentioned Valence Technology (VLNC) may be next. Carl Berg recently purchased 7 million shares, the technicals have improved and perhaps some news was coming. There is news this morning that could get the stock going again and above the 200 day moving average.
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The company has announced a multi-year supply agreement with … Read the rest
In recent days, Altair Nanotechnologies (ALTI) has surged, doubling in just 3 trading days with huge buy volume. I’m not seeing any news or upgrades that would account for this move, so maybe the news is coming. If you have an idea of why the surge is taking place in ALTI feel free to leave a comment below. Another speculative lithium battery stock that may be primed and fueled for surge is Valence Technology (VLNC). … Read the rest
Valence Technology (VLNC) could use some good news. It’s been trading under a buck now for nearly three months. It got some after the bell today with the announcement of a $13 million order from Smith Electric Vehicles for the U-Charge lithium phosphate energy storage solutions which will be used in Smith electric trucks through the end of the year. Smith is the nation’s top manufacturer of electric commercial trucks with its Newton line.
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I just posted about Altair’s lithium battery deal with Proterra for their electric buses and Valence Technology (VLNC) is also providing lithium batteries for electric buses. The company announced today it’s technology is powering e-Traction’s e-Busz all electric buses in Rotterdam of the Netherlands. The first two zero emission buses were transferred to the Rotterdamse Elektrische Tram in a ceremony last week. The buses are recharged through regenerative breaking and plug in power during … Read the rest
Several analyst rating notes to make you aware of today. Hat tip to Street Insider for the analyst notes.
Needham & Company has initiated coverage on AONE, HEV and VLNC.
Initiated coverage on A123 Systems (AONE) with a Hold rating and $10 price target. “Although we believe that A123 Systems has the potential to be a successful company in the long term, there are several near-term risks that could negatively affect AONE shares. The intellectual … Read the rest
Valence Technology just announced that they have received a new purchase order from Enova Systems for Valence’s U-Charge dynamic energy systems. The energy systems will be used in a fleet of 16 new Navistar IC CE Series hybrid-electric school buses.
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In a , RJ Adleman, Valence Technology’s Vice President of Sales and Marketing, commented on the order:
“School districts across the U.S. trust Enova Systems and … Read the rest
Valence Technology just announced that it has signed a supply agreement with Optare PLC. The 3-year, exclusive supply agreement makes Valence the exclusive battery supplier for the Optare Solo EV zero-emissions electric bus. The agreement is expected to generate up to $3.8 million in battery sales for Valence.
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In a press release, Robert L. Kanode, president and CEO, Valence Technology, commented on the news:
“This appointment … Read the rest