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Enter Symbol:
 
ENER1 INC. (HEVVQ) [hlAlert]

Rating:
Buy HEV
up 54.93 %

ENER1 INC. (HEV) upgraded to Buy with price target $5.50 by MDB Capital Group

Posted on: Tuesday,  Mar 17, 2009  11:25 AM ET by MDB Capital Group

MDB Capital Group rated Buy ENER1 INC. (OTCBB: HEVVQ) on 03/17/2009, when the stock price was $3.95. Since then, ENER1 INC.
has gained 54.94% of its value until MDB Capital Group rated HEVVQ Hold on 05/13/2009, when the price was $6.12.
If you would have followed this MDB Capital Group's recommendation on HEVVQ, you would have gained 54.93% of your investment in 57 days.

Ener1, Inc. (Ener1) 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, Ener1 purchased an additional ownership interest in Enertech, there by increasing its ownership from 83% to 89%.

MDB Capital has strives to be the leading micro-cap research firm. Our focus is on companies between $40-$200MM in market capitalization that are not widely covered by other research firms. Our objective in following this sector is to provide our investors with idea that lead to above markets returns. MDB strives to provide insightful, independent and performance-oriented research. We strictly maintain a pure research environment, where solid research opinions are formed by our analysts' thorough evaluations, rather than influenced by investment banking relationships.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/24/2009 11:25 AM Buy
None
6.92 8.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/13/2009 12:25 PM Hold
None
6.12
3/17/2009 11:25 AM Buy
None
3.95 5.50
11/17/2008 12:25 PM Buy
None
7.27 10.00
11/10/2008 2:25 PM Hold
None
7.15

(*) Stock Price at the time of the recommendation.
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