DALLAS, June 1, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Ener1 Inc. (Nasdaq:HEV). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/HEV
Ener1 Inc. (HEV) is engaged in the business of designing, developing and manufacturing rechargeable lithium-ion batteries and battery systems for energy storage. Its end markets include transportation, stationary power (energy storage for utilities and renewable energy, such as wind and solar power in addition to battery backup systems for the home), military applications and small cell markets. In the transportation markets, the Company is developing systems to power the next generation of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and electric vehicles (EVs). The Company also conducts research on and develops fuel cells and nano coating processes. On October 24, 2008, the Company acquired an 83% interest in Enertech International Inc. (Enertech). On January 6, 2009, HEV purchased an additional ownership interest in Enertech, thereby increasing its ownership from 83% to 89%.
Message Board Search for HEV: http://www.boardcentral.com/boards/HEV
In the report, the analyst notes:
"HEV recently announced financial results for its first quarter ended March 31, 2010. Net sales were $11 million in the first quarter of 2010 compared to net sales of $8.2 million in the prior year first quarter. Net loss was $15.3 million in the first quarter of 2010 compared to $7.3 million in the 2009 first quarter.
"Indiana-based EnerDel, which makes advanced lithium-ion battery systems for the rapidly growing hybrid and electric vehicle industry, recently announced its parent company HEV signed a binding letter of intent (LOI) for a new joint venture with the electric vehicle division of Wanxiang, the largest 'tier one' auto parts producer in China."
To read the entire report visit: www.microstockprofit.com/lp/HEV
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