Valence Technology, Inc. (NASDAQ:VLNC)
CAPS Rating:
The Company has developed and markets the industry's first commercially available, safe, large-format family of Lithium Phosphate Rechargeable Batteries.
The Company has developed and markets the industry's first commercially available, safe, large-format family of Lithium Phosphate Rechargeable Batteries.
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Recs
VLNC has one of the best battery technologies and lowest production cost in the market. The felxibility and complete systems offered will allow exponential growth into several industries. Shorts will run for the hills and stumble to cover by this time next year. It is a buying opportunity even if it doesn't fall to the 77-80 cent support level...in fact I believe that anything below 1.40 is a gift.