NEW YORK (TheStreet) -- With the ramp-up of support from governments around the globe, the electric vehicle industry and lithium battery industry that provides the power for these vehicle are poised to accelerate.
This basket included:
Sociedad Quimica y Minera
( AONE) and
Advanced Battery Technologies
Polypore International's membrane separators are a key component in lithium and lead-acid batteries in the energy-storage segment.
Sociedad Quimica y Minera is the world's largest lithium producer.
Johnson Controls is a diversified company in the building and automotive industries and a leading producer of lithium battery systems.
A123 Systems develops and manufactures advanced technology lithium-ion battery packs.
Advanced Battery Technologies develops, manufactures and distributes rechargeable polymer lithium-ion batteries.
Tim Collins, a
contributor and financial adviser at TangleTrade Management said that Polypore International, Johnson Controls, Advanced Battery Technologies and Sociedad Quimica y Minera are all profitable companies. Debt is manageable in all of these companies and non-existent at some, he added. "There is growth there across the board in sales and earnings."
According to Needham analyst Michael Lew, three vendors -- including Polypore -- have 90% of the separator market for lithium-ion batteries.
Looking at A123 Systems, Collins commented that it's in a better position than peers such as
( HEV) and
in terms of how much cash they have compared with free cash flow minus burn rate. "A123 is the least likely to have to ask for more help or depend on capital raising," Collins says.
In terms of client base and projected sales rather than current or past sales of this group, "A123 again gets the nod," Collins adds, "but Ener1 has a good client in Volvo."
In the latest signs of more progress for the electric vehicle and lithium battery industries, a Needham weekly newsletter noted that:
Ford and Portland General Electric are teaming up to share information about electric-vehicle charging needs. The companies will share information about charging needs with the goal of making sure the electrical grid can support the higher demand with electric vehicles on the road.
Government-owned Korea Resources Corporation and Comibol, Bolivia's national mining company, signed a memorandum of understanding that includes the formation of a joint committee to research and develop lithium resources. Along with Korea Resources, the jointcommittee will include Posco, LG International, GS Caltex and Daewoo International.
China is planning to issue new standards to regulate the charging infrastructure needed for electric vehicles. The State Electricity Regulatory Commission expects the government to introduce three standards in October.
In light of all this, we ask you: Which is your favorite item in the green stocks basket? Take our poll below to learn that
thinks -- and don't hesitate to write-in your own pick in a comment below.
-- Written by Andrea Tse in New York.
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