Make Money on Hybrids!
This one's a no-brainer. Energy Conversion Devices (ENER, $48.54) is set to capitalize not only on the solar boom (I neglected to identify ENER in my previous post on Solar), but hybrid/fuel-efficiency trend. The company profile of ENER on Yahoo Finance is described here:
Energy Conversion Devices, Inc. engages in the invention, engineering, development, and commercialization of materials, products, and production technology in the fields of alternative energy technology and information technology. The company also involves in research and development, and production of proprietary materials and products, as well as in designing and building production machinery. In addition, it offers Photovoltaics, which provides clean energy by converting sunlight into electricity. Further, the company, through a joint venture with Chevron Technology Ventures, provides nickel metal hydride batteries for various applications, including transportation, telecommunication, uninterruptible power supply, military, homeland security, stationary power, and other prismatic battery applications. Energy Conversion was co-founded by Stanford R. Ovshinsky and Iris M. Ovshinsky in 1960. The company is based in
It is ENER's nickel metal hydride batteries that are used in
Some recent developments over the past few days:
- Ford has shifted strategy to smaller passenger cars
- Both GM and Ford are developing flex-fuel cars that run on both conventional gasoline and gasoline-ethanol blends
- The Toyota Camry Hybrid to be released in 2007 will help seal Toyota's place as America's #1 auto company
- The EPA is improving accuracy of gas mileage ratings by revising calculation methodologies (to prevent overinflated ratings)
- Traveler's Insurance to provide hybrid users with discounted auto insurance premiums.
ENER's leadership in nickel metal hydride batteries (and PV cells) make it a great bet going forward. It may be at a 52-week high $48+, but I think it's worth $60.
Note: I do not own ENER stock. Yet.
1 Comments:
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