Beacon Power Delisting Stayed by Nasdaq

Beacon Power Corp (BCON) announced that on November 17 it received a letter dated November 16, 2004 from the Nasdaq Stock Market, stating that the Nasdaq Listing Qualifications Panel has granted the Company an additional 180 days to regain compliance with marketplace Rule 4310(c)(4). What this means is that Beacon is going to do everything in its power to get the stock price back above $1. They had a nice run up to .80 in October but have since fallen back down to the .40 range. Shares in BCON are up 10% today on this reprieve.

Congratulating Chrysler and A123 Systems

On April 6th, Chrysler LLC announced the creation of a strategic alliance whereby A123 Systems, Inc. will become a primary battery supplier for Chrysler's planned line of plug-in electric vehicles. This is a huge step toward rebuilding America's domestic battery manufacturing infrastructure and both companies should be congratulated. The next steps I see in my murky crystal ball are finalization of A123's pending IPO coupled with an announcement that A123's $1.8 billion loan request under the DOE's Advanced Technology Vehicle Manufacturing Program has been approved. If the foundation has been properly laid, it will all come together very quickly....

Arotech Receives Additional Research Funding of $650,000 from U.S. Army

Arotech Corporation (ARTX) announced that its Battery and Power Systems division has received additional funding from the U.S. Army's Communications and Electronics Command, CECOM, for further development of its 4th generation (Gen4) zinc-air cells. The funding covers Phase II of a three-phased research and development program for Gen4 Zinc-Air Cells aimed at the Future Force Warrior project - the U.S. Army's flagship Science and Technology initiative to develop and demonstrate revolutionary capabilities for Future Force soldier systems. Arotech's Gen4 portable battery pack is 12 or 24 Volts and has a total capacity exceeding 400Wh with Battery Energy Density above...

Maxwell Technologies Provides Ultracapacitors for General Hydrogen

Maxwell Technologies (MXWL) announced that General Hydrogen Corporation, a leading developer of hydrogen fuel cell-based power systems for electric forklifts, has placed a 200,000 unit, three-year, purchase order for BOOSTCAP® ultracapacitors to enhance performance and energy management in its Hydricity® Pack technology. The purchase order is part of a strategic supply agreement through which General Hydrogen will source ultracapacitors exclusively from Maxwell and receive strategic pricing if volume thresholds specified in the purchase order are reached.

High Conviction Paired Trade – Short Tesla Motors And Buy Exide Technologies, The Sequel

John Petersen Last November I broke with tradition for the first time in over 30 years and suggested a paired trade that bought Exide Technologies (XIDE) and shorted Tesla Motors (TSLA). Over the following three months, investors who made the trade and bought four Exide shares while shorting one Tesla share pocketed the following gains. 16-Nov-2010 16-Feb 2011 Net Entry Exit Gain Buy Four Exide -$29.76 $49.68 $19.92 Short One Tesla $30.80 ...

Cheap is Still Beating Cool In Energy Storage

John Petersen In November 2008 I wrote an article titled "Alternative Energy Storage: Cheap Will Beat Cool" where I created a short list of 13 pure play energy storage companies that I divided into two classes; companies with cheap chemistries and companies with cool chemistries. My premise was simple, the best affordable technology always wins out over best available technology and companies that cater to the masses have greater profit potential than companies that cater to the elite. The following graph compares the performance of my original groups and the Dow since the date of that article. ...

BCON up over 147% today

Beacon Power Corp (BCON) was up over 147% at the close today. This move was primarily based on two project wins. One with the New York State Energy Research and Development Authority and the other with the California Energy Commission. The projects would have Beacon Power provide grid frequency regulation and reactive power by utilizing its flywheel energy storage system. The final terms and conditions of the projects have not been disclosed.

Charging Your Portfolio With Tesla’s Gigafactory

By Jeff Siegel Last week, Tesla (NASDAQ: TSLA) announced that its next electric offering a competitively priced electric vehicle will hit the market in 2017. Dubbed the Model III, the 200-mile-range electric vehicle will go for $35,000. Certainly this was big news for electric car enthusiasts particularly those who can't afford an $85,000 Model S but yearn to drive one. But if you regularly follow trends in the electric vehicle space, at least the way I do, you know Tesla's announcement was just one of many big moves in the space over the...

What’s Going On With Beacon Power and RailPower Tech?

Two diametrically-opposed stories for this post: Beacon Power and RailPower Tech . The latter is up 134% on its week-ago closing price, while the former is down nearly 22% over the same period. Beacon Power Corp I wrote about Beacon Power a little while ago. The recent drop in share price is due in large part to the fact that Beacon announced, last Friday (Dec. 29), a glitch at one of its testing facilities in Massachusetts. This was followed by an analyst at Merriman Curhan Ford downgrading the company from Buy to Hold. Almost immediately, the...

Toyota’s Straight Talk On Plug-in Vehicles

John Petersen Most investors know that Toyota Motors (TM) is the world's biggest manufacturer of hybrid electric vehicles, or HEVs. Since 1997, Toyota has sold over two million cars using its Hybrid Synergy Drive® and earned a sterling reputation for fuel efficiency and customer satisfaction. What many don't realize is that Toyota is also the world's biggest manufacturer of advanced automotive battery packs. Toyota entered the battery business in 1996 when it bought a 40% interest in Panasonic EV Energy, a joint venture company that was formed to make NiMH batteries and battery packs for the Prius. Over...

List of Battery Stocks

Battery stocks are publicly traded companies whose business involves the manufacture of batteries, battery components, or battery management systems used to store electricity through electrochemical means. This list was last updated on 12/30/2019. Advanced Battery Technologies Inc (ABAT) Albermarle Corp (ALB) Axion Power International (AXPW) BioSolar, Inc. (BSRC) BYD Company, Ltd. (BYDDY) China BAK Battery (CBAK) Contemporary Amperex Technology Co., Limited (300750.SZ) Eguana Technologies Inc. (EGT.V) Electrovaya, Inc. (EFL.TO) EnerSys (ENS) EnSync, Inc. (ESNC) Flux Power Holdings, Inc (FLUX) Global X Lithium ETF (LIT) Highpower International (HPJ) Johnson Controls (JCI) Lithium Technology Corporation (LTHUQ) Livent Corporation (LTHM) mPhase Technologies (XDSL) Nano One Materials Corp. (NNO.V) NGK Insulators Ltd. (NGKIF, 5333.T) OM Group (OMG) Powin Energy Corp. (PWON) Redflow Limited (RFX.AX) Saft Group (SGPEF) Ultralife Batteries...

Energy Storage in the American Recovery and Reinvestment Act of 2009

Here's some political context for my article on Energy Storage for the Smart Grid. For the moment, the Senate version of The American Recovery and Reinvestment Act of 2009 includes: "For an additional amount for `Energy Efficiency and Renewable Energy', $14,398,000,000, for necessary expenses, to remain available until September 30, 2010: * * * Provided further, That $2,000,000,000 shall be available for grants for the manufacturing of advanced batteries and components and the Secretary shall provide facility funding awards under this section to manufacturers of advanced battery systems and vehicle batteries that are produced in the United States, including...

Beacon Power Announces Major Patents for Flywheel Technology

Beacon Power Corp (BCON) announced that it has recently been awarded a United States patent for the unique design and construction of its composite flywheel rim, and that a few days ago, it received a written notification that another U.S. patent on the rim is to be granted in early February 2005. The composite rim is a key component of a flywheel energy storage system, as a rim's mass and ability to spin at high speeds have a direct relationship to the amount of energy that can be stored. Beacon Power, a pioneer in this technology, has been...

Battery Manufacturers, Burger Joints and Secret Sauce

John Petersen In September I received an e-mail from France Innovation Scientifique & Transfert SA advertising their new IP Overview of Lithium Metal Phosphate Batteries - 2010/04. While I don't usually pay attention to e-mail pitches for costly reports, the FIST solicitation caught my eye because the abstract explained that roughly 1,100 patent applications have been filed for lithium metal phosphate chemistry since Dr. Goodenough's key patent issued in 1996. It's enough to give a guy a whole new perspective on this T-shirt from EV World. It also raises a couple critical issues that many...

Lithium-ion Battery Stocks: Investment Opportunities or Subsidized Laggards?

John Petersen I'm often critical of public lithium-ion battery manufacturers based on objective investment metrics including their financial condition, their results of operations, their potential markets and the fundamental soundness of their business plans, but I don't usually drill down into thornier issues like technical merit and business execution because those questions are out of my depth and in the words of Harry Callahan, "A man's got to know his limitations." Every once in a while, however, organizations that are competent to evaluate those issues publish analytical reports that can help investors cut through the hype...

An Elephant Hunter’s Theory About Axion Power’s Price Surge

An Elephant Hunter's Theory About Axion Power's Price Surge John Petersen Over the last few days I've been inundated with questions from readers who want to know why Axion Power International (AXPW.OB) has smoothly surged from a low of $0.25 on December 30th to a closing price of $0.58 yesterday. The short answer is the stock is finally emerging from the mother of all supply and demand imbalances and the persistent sellers that punished the price over the last 20 months are almost out of the picture. Since I believe we're witnessing the beginning of an entirely...