As the technology advances, the penny stocks on our list could come out as winners
SmallCapPower | August 4, 2016: With Tesla’s Gigafactory aiming to revolutionize batteries as we know them, the lithium battery related stocks on our list today might receive a significant boost.
Electrovaya Inc. (TSE:EFL) – $3.01
Electrical Components & Equipment
Electrovaya Inc. is a Canada-based company, which is engaged in developing, manufacturing and marketing of power technology products. The Company develops energy storage products, including electrodes, separators, cells, modules and advanced battery systems. Electrovaya develops Lithium Ion SuperPolymer batteries and battery-related products for the clean electric transportation, utility scale energy storage and smart grid power, consumer and healthcare markets.
- Market Cap: 256,985,374
- Revenues: 37,448,230
- Operating Income: 913,376
- Debt: 8,833,617
Lithium X Energy Corp. (CVE:LIX) – $2.09
Lithium X Energy Corp, formerly Royce Resources Corp., is a Canada-based lithium resource explorer and developer with a focus on becoming a supplier for the burgeoning lithium battery industry. Its Sal de los Angeles project is situated in the Lithium Triangle in Salta Province, Argentina. The project is comprised of approximately 8,156 hectares covering the nucleus of Salar de Diablillos. The Company also has land package in Clayton Valley, Nevada covering over 15,040 acres between its Clayton Valley North project and Clayton Valley South extension.
- Market Cap: 126,409,127
- Revenues: 0
- Operating Income: -3,089,820
- Debt: 0
Eguana Technologies Inc. (CVE:EGT) – $0.265
Heavy Electrical Equipment
Eguana Technologies Inc. is a Canada-based company, which designs and manufactures power control products for grid interactive energy storage systems using advanced batteries. The Company’s products charge and discharge batteries converting alternating current (AC) to direct current (DC) to charge the battery and converting DC to AC to discharge batteries in a bi-directional conversion process. Its products’ applications include the storage of renewable energy, especially solar energy produced at low demand periods throughout the day to meet peak demand periods in the evenings, providing peak shaving capacity for commercial businesses to reduce utility demand charges, providing grid improvements with respect to voltage control, frequency regulation, and capacity to the utilities and power grid operators, providing residential back up power to homeowners, and providing power to super-charge electric vehicles.
- Market Cap: 215,285,203
- Revenues: 3,324,580
- Operating Income: -7,999,790
- Debt: 1,713,020
Nano One Materials Corp. (CVE:NNO) – $0.55
Nano One Materials Corp, formerly Dundarave Resources Inc, is a Canada-based company engaged in developing processing technology for the production of high-performance battery materials used in electric vehicles, energy storage and consumer electronics. The Company operates through developer of patent pending technology for the production of nanostructured materials segment. The Company is developing a portfolio of technologies for applications in markets that include energy storage, specialty ceramics, pharmaceutical, semiconductors, aerospace, dental, catalysts and communications.
- Market Cap: 114,570,744
- Revenues: 0
- Operating Income: -2,058,180
- Debt: 0
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