What Happened to Ener1? The Disappointment and the Promise

(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Ener1 (HEV) lost 36% last week after reporting earnings that disappointed with the news of a massive $73.3M write-down of the company’s investment in Norwegian electric vehicle company THINK. HEV management insisted this action should not … Read more

Time to Ride Ener1 Again

When Ener1 (HEV) chairman and CEO Charles Gassenheimer appeared on CNBC in November to discuss how his company will benefit from Democrat and Republican cooperation on energy policy, the stock got a nice 4% pop on the day. Last week, HEV announced a major joint venture deal with China’s number one automotive components company Wanxiang … Read more

Democrats, Republicans, and the Fed All United…to Help Ener1?

For a few months, I have intended to write an update on lithium ion battery company Ener1, Inc. (HEV) since I took exception with an analyst’s dismissal of the company in late July of this year. The stock remained firm since then, and I was thinking it was a bullish sign. HEV reported earnings last … Read more

Wunderlich Coverage on Ener1 Ignores Key Partnerships

Last week, Wunderlich Securities initiated coverage on Ener1, Inc. (HEV) with a hold rating. HEV designs, develops, and manufactures rechargeable lithium-ion batteries and battery systems for energy storage (from Yahoo! Finance profile). These batteries are used in electric vehicles. Eric Savtiz’s Tech Trader Daily covered the coverage. Wunderlich’s main points are: HEV is a very … Read more