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The Ubika Research Cleantech Stock Watchlist
Kandi Technolgies Corp. (Symbol: KNDI- NASDAQ) |
| Company Name: |
Kandi Technologies Corp. |
| HQ Location: |
Jinhua City Industrial Zone, China |
| Company Website: |
www.kanditechnology.com |
| Closing Share Price (September 08, 2010) |
$3.14 |
| Shares Outstanding |
21.7 Million |
| Market Cap: |
$67.9 Million |
| Average Daily Volume |
177,000 |
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The Ubika Research Cleantech Stock Watchlist is very useful to find interesting cleantech stocks that are featured on our site. This watchlist profiles green technology stocks and provides you with cleantech news and information on cleantech investing.
Share Highlight / 1-Year Stock Chart
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Business Overview
Kandi Technologies, Inc. (formerly Stone Mountain Resources, Inc.) is a China based specialized vehicle machinery producer, concentrating on three areas of small vehicle production: Go-Karts, Special Purpose Vehicles and Casual Purpose Vehicles. At present, it is among the leading producers of Go-Karts in the world, with an estimated 15% share of market. The Company also is focused on the development of fashionable, energy saving electric mini-cars with focus on USA as its export market.
+ More info
What is interesting about Kandi Technolgies Corp. (KNDI- NASDAQ)?
- A play on the rapidly growing specialized automobile market in China and the export market in the USA.
- An emerging company in the hot electric vehicle market with the successful launch of its electric saving mini car.
- A well established player in the off-road recreational vehicles market with a market leading position in the production of Go-Karts recreational vehicles.
- Produced energy saving on-road electric mini-cars. Has completed the trial stage and is now preparing to start mass production.
- Rapidly growing its core business at double digit rates and has strong growth potential with the new line of energy saving electric mini-cars.
- Strong growth in revenue and net income during 2010- In the first six months of 2010, Revenues grew 91.5% to $18,166,224 and Net income advanced 383.5% from $(356,525) in the first half last year to $1,010,782.
- Focused on developing a quick battery charge solution in joint venture with 3 other major Chinese companies.
- The company’s manufacturing facility is in China, which with its lower labour and materials costs provides significant competitive advantage.
- Strong R&D and Intellectual Property- Owns thirty-five provincial patents, including two invention patents and utility new patents.
- Well capitalized and led by a highly experienced management team.
Risks
Like many other clean technology companies Kindi Technologies has high research and development costs. Although currently well financed, the company might require to access capital markets to raise additional capital, which could potentially result in shareholder dilution. There could be delays in the acceptability of technologies offered by KINDI and can adversely impact its growth.
Company News
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The highlighted company may enter into a commercial relationship with Ubika Corporation, Investor Cubed or our affiliates for research coverage and capital market services and may pay fees and or shares or stock options or warrants for being mentioned at smallcappower.com. Hence the highlighted company information is an advertisement only and does not and will not constitute an offer to buy or sell securities in the highlighted company .
| Was any fee (either in Cash or in Stocks/Options) paid by the company to smallcappower.com or its principal’s Ubika Corporation and/OR Investor Cubed Inc for providing services |
No |
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| Common Stock/Options Ownership in Kandi Technologies Corp. |
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| Analyst(s) |
No |
| Analyst’s family members |
No |
| Analyst’s firm, their affiliates and/or subsidiaries |
No |
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