DALLAS, March 15, 2010 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Ener1 Inc. (Nasdaq:HEV). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.investorsoup.com/lp/HEV
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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).
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In the report, the analyst notes:
"HEV last week announced financial results for its fourth quarter and year-ended December 31, 2009. Net sales were $34.8 million. Net sales for the 2009 fourth quarter were $11.0 million compared to net sales of $8.1 million in the third quarter of 2009. Net loss was $51.5 million in 2009 compared to $51.2 million in 2008. Basic net loss per share was $.44 in 2009 compared to $.51 in 2008. Diluted net loss per share was $.45 in 2009. Weighted average basic shares outstanding were 116.7 million in 2009 compared to 103.4 million in the prior year.
"HEV places particular importance on its strategic alliances, which enable the Company and its subsidiaries to build upon existing technology and manufacturing platforms. Strategic allies in research, development and manufacturing include Argonne National Laboratory (ANL), ITOCHU Corp. and Kyushu Electric Power (KEPCO)."
To read the entire report visit: http://www.investorsoup.com/lp/HEV
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