DALLAS, July 19, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Ener1 Inc. (Nasdaq:HEV). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/HEV
Ener1 Inc. (HEV), an energy storage technology company, develops compact, lithium-ion-powered battery solutions for the transportation, utility grid and industrial electronics markets. It has more than 700 employees with manufacturing locations in the United States and Korea. The Company also develops commercial fuel cell products and nanotechnology-based materials. HEV had net sales of $77.4 million for the fiscal year 2010, a year-over-year increase of 122%.
This newsletter has been helping traders make great investment decisions on HEV; click here for a 25% discount offer.
In the report, the analyst notes:
"Shares of HEV traded up on news that it received approval from the Chinese government for the joint venture with Wanxiang Electric Vehicle Co. Ltd. to co-manufacture lithium-ion energy storage systems for the Chinese market."
"HEV reported total consolidated revenue of $23.1 million for the quarter ending March 31, 2011, up 110% over the first quarter of 2010. Consolidated gross profit margin came in at 24%, that's up from 10% in the year-ago quarter."
To read the entire report visit: www.microstockprofit.com/lp/HEV
See what investors are saying about HEV at http://www.stockhideout.com
Get breaking news on HEV at http://thestockmarketwatch.com/
MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com
MicroStockProfit.com Disclosure
MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.