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Discovering Potential In EV Infrastructure: Why Uncle Sam’s Handouts Don’t Always Work

Editors’ Note: This article covers a micro-cap stock. Please be aware of the risks associated with these stocks.

On the brink of bankruptcy, with several impeding class action lawsuits, Ecotality (ECTY) has left investors bleeding from the jugular as the share price took an 80% punch on August 12, 2013 eventually dropping the stock to the 52-week low of $0.12/share. Disclosed in the Form 8-K, the company puts in plain words that the Department of Energy (“DOE”) has suspended payments to the company in connection with the EV Project, in response to Ecotality notifying the DOE that they may not be able to fulfill their operational obligations in the event where they cannot secure additional financing. With the company betting their bottom dollar on receiving the DOE government grants, the present absence of that funding has sent them and investors alike in a tail-spin for bankruptcy and disaster.
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