Topic: How To Invest

Hello Mr. McKeough: Thank you for all the reports, newsletters etc. They are a great source of knowledge. Recently there has been interest in Electrovaya Inc., which has signed an agreement to provide batteries to Chrysler. What is your opinion on this stock? Regards.

Article Excerpt

Electrovaya Inc., $2.47, symbol EFL on Toronto (Shares outstanding: 70.9 million; Market cap: $175.2 million; www.electrovaya.com), has developed a “SuperPolymer” lithium-ion battery technology. The company believes that its super thin, lightweight batteries have a higher energy density than competing rechargeable batteries. The company began operating in September 1996. It first applied its technology to batteries for portable computers and similar devices. It also makes a tablet computer with an LCD screen on which users can write using a special-purpose pen, or stylus. In 2002, the company switched its focus to developing batteries for hybrid and electric-powered vehicles. In March 2010, Chrysler agreed to test the company’s batteries in its new plug-in hybrid electric vehicles in various environments over the next three years. The announcement caused the stock to jump from around $0.75 to $4.46. It has since settled back to its current $2.47. Besides car batteries, Electrovaya is developing batteries that can store electricity for electrical-power companies. Storing electricity for later use would…