Energy Storage's Poor Performance in Q1 2010

Submitted by admin on Mon, 04/05/2010 - 08:18

The first quarter was unkind to publicly traded companies in the energy storage sector, which saw their stock prices fall by an average of 16.22% over the last three months. While the shares of Enersys (ENS) and C&D Technologies (CHP) posted gains of 12.8% and 3.2% respectively, all of the others in my universe of 17 pure play energy storage companies traded down. The following table summarizes first quarter performance and provides some important valuation metrics.

Cool Emerging Companies
My Cool Emerging Companies category includes four companies that are developing cool but objectively expensive energy storage technologies that are not fully commercialized. The companies in this category are Ener1 (HEV), Valence Technology (VLNC), Altair Nanotechnologies (ALTI) and Beacon Power (BCON). These four companies were down an average 14.85% in the first quarter and have fallen an average of 36.80% since November 14, 2008.

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Source: Seeking Alpha

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