Saturday, October 24, 2009

Investing in Battery Stocks

Investing in Battery Stocks: "$2.4 billion from the stimulus has already gone to fund advanced battery and electric drive projects, including:

* $45.1 million to UQM Technologies (AMEX: UQM)
* $34.3 million to Exide Technologies (NASDAQ: XIDE)
* $118.5 million to Ener1 (NASDAQ: HEV)
* $299.2 million to Johnson Controls (NYSE: JCI)

And the recently IPOed A123 Systems (NASDAQ: AONE) was awarded $249.1 million.

Even Warren Buffett has embraced batteries, turning a $1 billion profit in less than a year on an investment in Chinese battery maker BYD (1211.HK)."

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