NEW YORK (

TheStreet

) -- Shares of

Ener1

(Nasdaq:

HEV

) were gapping down Wednesday morning with an open price 19.2% lower than Tuesday's closing price. The stock closed at 26 cents Tuesday and opened today's trading at 21 cents.

The average volume for Ener1 has been 2.6 million shares per day over the past 30 days. Ener1 has a market cap of $45.7 million and is part of the

industrial goods

sector and

industrial

industry. Shares are down 93.3% year to date as of the close of trading on Tuesday.

Ener1, Inc., together with its subsidiaries, engages in designing, developing, and manufacturing rechargeable lithium-ion batteries and battery pack systems for energy storage in the United States and South Korea.

TheStreet Ratings rates Ener1 as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full

Ener1 Ratings Report

.

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