Seeking Alpha

Ener1 Inc (HEV)

HEV is defunct.
  • Sep. 21, 2014, 5:16 AM
    • Fortune magazine profiles Michigan startup Sakti3, backed by GM (NYSE:GM), Itochu (OTCPK:ITOCF, OTCPK:ITOCY) and others. The company is looking to disrupt the power-storage industry using a solid-state lithium-ion battery that it says could double the energy density of today’s lithium-ion technology at one-fifth the cost.
    • Tesla (NASDAQ:TSLA) relies on traditional lithium-ion batteries. CEO Elon Musk announced earlier this month he’s building a $5B plant near Reno that experts say could drive kilowatt-hour prices down to $250 from a current $500. Sakti3 claims its batteries will reach $100/kWh.
    • But remember that many battery companies before Sakti3 have dazzled in theory only to fizzle in the marketplace; A123 (OTC:AONEQ) and Ener1 (NASDAQ:HEV) ended up bankrupt and sold off to the Chinese and Russians, respectively. "Sakti3’s big challenge is going to be the cost of manufacturing and the yield it’s going to get. It’s great to demonstrate a small battery in the lab, but making batteries bigger and making a lot of them is not trivial," one analyst says.
    • Update: The Fortune article linked above, which is the source of this Breaking News brief, asserts Tesla's current battery cost is about $500/kWh. Others peg Tesla's current cost at $270/kWh or lower.
  • May 31, 2012, 7:48 AM
    The White House's $1B+ attempt to build an industry of companies that make batteries for electric vehicles is going flat. Firms have few clients and operate well below capacity, and their futures are in doubt. A major problem is that the government gave grants that were linked to production timetables which weren't tied to demand.
  • Jan. 26, 2012, 12:59 PM
    EV battery maker Ener1 (HEV) files for bankruptcy in a bid to restructure debt and raise more equity funding. The firm was a recipitient of a $118.5M federal grant back in 2009 as part of a broad EV battery technology program. Shares now trade on the pink sheets under the symbol HEVV for less than three pennies.
    | 1 Comment
  • Sep. 14, 2011, 3:45 PM
    Bloomberg New Energy Finance sees a capacity glut emerging for lithium-ion batteries used in electric vehicles, with capacity exceeding demand by nearly 2x in 2013. The lower prices caused by such a glut would benefit electric carmakers such as TSLA, but  could seriously dent the margins of battery manufacturers such as JCI, AONE, and HEV. (previously)
    | Comment!
  • Aug. 15, 2011, 2:08 PM
    As shipments of hybrid and electric cars take off, so will sales of lithium-ion batteries: IHS expects industry revenues to grow from $11.8B in 2010 to $31.4B in 2015, and $53.7B in 2020. A123 Systems (AONE), Ener1 (HEV), and China's BYD (BYDDF.PK - previously) are some of the names developing lithium-ion batteries for cars.
  • Jul. 18, 2011, 11:15 AM
    Ener1 (HEV +26%) pops after receiving approval from the Chinese government for its joint venture with Wanxiang Electric Vehicle to begin co-manufacturing lithium-ion energy storage systems for the China market.
    | 1 Comment
  • Jul. 18, 2011, 9:10 AM
    Premarket gainers: HEV +15%. WLT +7%. GSS +4%. GPL +3%. HL +3%.
    Losers: WBMD -19%. IRE -14%. MTG -8%. ING -5%. NWS -4%. AIB -4%. LYG -4%. KOG -4%. ALU -4%. BCS -4%.
    | Comment!
  • Jul. 15, 2011, 3:26 PM
    Given Lux Research's forecast of a major supply/demand imbalance over the next decade for lithium-ion batteries used in electric vehicles, John Petersen expects "third tier" battery firms such as A123 Systems (AONE), Ener1 (HEV), and Valence Technologies (VLNC) to face an "existential threat."
    | Comment!
  • May 11, 2011, 9:00 AM
    Premarket gainers: ROVI +14%. M +8%. ZAGG +5%. LVLT +4%. MKND +3%. AU +3%.
    Losers: HEV -18%. STEC -13%. OPWV -8%. AYR -7%. STWD -4%. DIS -4%. MCP -4%. MT -3%. ASML -3%. CIGX -3%.
    | Comment!
  • Mar. 11, 2011, 9:00 AM
    Premarket gainers: NDN +19%. HEV +16%. RCRC +11%. ANN +10%. NBG +5%. CTIC +4%. ARMH +3%. VLO +3%.
    Losers: ENER -24%. ARO -8%. GLUU -6%. TDSC -4%. GPL -4%. TWO -4%. EXK -4%. LDK -4%. SLW -4%. SD -3%. CSIQ -3%. TPLM -3%. SSN -3%.
    | Comment!
  • Jan. 19, 2011, 9:05 AM
    Premarket gainers: PLUG +13%. PRIS +8%. HEV +7%. NBG +6%. NYVA +5%. CTIC +4%. AMR +4%.
    Losers: CREE -16%. DEPO -13%. MTG -9%. SSN -8%. NKTR -6%. GTY -5%. HCBK -4%.
    | Comment!
  • Jan. 18, 2011, 9:00 AM
    Premarket gainers: ARIA +33%. SBIB +19%. HEV +10%. CXDC +9%. VOD +5%. TGB +4%. ERJ +4%. ASTM +4%. SNN +4%.
    Losers: CMA -6%. AAPL -5%. AVGO -5%. C -5%. WLOCD -4%. GSK -4%.
    | Comment!
  • May 28, 2010, 9:00 AM
    Premarket gainers: HEV +21%. OVTI +11%. XOMA +9%. MENT +8%. CTIC +4%.
    Losers: BCSI -19%. GDP -5%. BP -4%. GES -4%.
    | Comment!
  • Mar. 22, 2009, 3:06 AM
    A push for greener cars could be good news for Ener1 (HEV), a maker of electric-vehicle batteries, but much depends on whether the company wins a federal loan. If it doesn't, Barron's Leslie P. Norton says the company faces an uncertain future.
    | Comment!
  • Jul. 25, 2008, 9:18 AM
    Citron continues to wave red flags at Ener1 (HEV).
    | Comment!
  • Jul. 16, 2008, 1:43 PM
    Citron Research: Corporate shell company Ener1 (HEV) lacks fundamental business discipline, has no evidence of widespread commercial acceptance of its product and, therefore, no path to profitability. Shares -6%.
    | Comment!
Visit Seeking Alpha's
Company Description
We are primarily in the business of designing, developing and manufacturing high-performance, rechargeable lithium-ion batteries and battery systems for energy storage. End markets include transportation, stationary power (energy storage for utilities and renewable energy such as wind and solar... More