Smart Stock Hidden Gem - ECTY

Ecotality Inc. is a stock off many investors radar.  Trading at $3.14 near 52 week low with average trading volume of 66,000, it is hardly going to be on the list of hot stock at any given day.  Take a look at what the company is doing and it may give you a second thought.


The San Francisco based company provides storage technologies for clean electric transportation.  More specifically the company is building a nationwide network of charging station for electric vehicles.  Therefore you can look at Ecotality as the gas station owner, operator and builder except the station is for electric vehicle.  


Currently the company is acting as the project manager overseeing the EV Project, a $230 million initiatives partly funded by Department of Energy to deploy 15,000 electric charging station in 16 cities across six U.S. states.  As U.S. government is putting electric vehicle industry as top priority, we should see strong government support. At the moment the company has pick the first charging station site and will set up 37 stations in October and November for the launch for Nissan Leaf and Chevy Volt in 2011.  And the following year additional 1500 stations will be installed.


The stock is still near 52 week low and with insiders buying in June and July this is probably a good time to buy before the company gets more attention nationally with the full deployment of the charging station.