Tom Konrad, CFA
NiMH battery company that’s going to “make coal and oil obsolete” sleuthed out.
I can’t help but chuckle at the hyperbole of some promoters of alternative energy stocks. We can wish that coal and oil will be obsolete tomorrow all we want, but it ain’t gonna happen. That’s just what Nick Hodge was claiming in a recent teaser for Highpower Technology (HPJ).
How do I know it’s Highpower that Hodge is hailing as the answer to all our hopes? Because Travis Johnson, the Stock Gumshoe told me so. Travis is the same guy who sleuthed out Magma Energy (MGMXF.PK) for us in a guest article a year ago, and that the “Sunless solar” stock Green Chip Stocks was using to stir up the interest of potential subscribers was New Energy Technologies (NENE.OB).
NiMH to save the day?
I’m actually a fan of looking at the stocks of companies using battery chemistries other than Li-ion, since they’re less likely to be overpriced because they get less hype (at least until now.) But I doubt a few improvements to Nickel-Metal Hydride (NiMH) technology are going to allow it to become an economical way to store solar power. The Gumshoe may claim to not know much about battery technology, but I think he’s spot on when he says, “It’s hard to believe that Sanyo or Panasonic or even China BAK or BYD is quaking in its boots.”
If you want to know more about Highpower’s advances in NiMH technology (or just want a chuckle), here’s the full article on StockGumshoe.
You can also look in the comments here for AltEnergyStocks’ battery expert John Petersen’s answer to my question:
John, what’s your opinion on Highpower’s technology? Will it make EVs affordable and oil obsolete?
DISCLAIMER: The information and trades provided here are for informational purposes only and are not a solicitation to buy or sell any of these securities. Investing involves substantial risk and you should evaluate your own risk levels before you make any investment. Past results are not an indication of future performance. Please take the time to read the full disclaimer here.