Will ECTY be taken out by an oil company?
In light of Total Pete's $1.4 billion investment in SunPower (SPWRA), companies that provide infrastructure for the electric car market may find themselves sought after by oil companies.
Think about it, for even though you may be able to charge your car at home and at work, there are many stretches of highway that will require fast-charging stations, and ECTY makes these and related electric vehicle support products.
After peaking around $4 per share in early May, ECTY has traded down to the $3.65 level the past 2 days. Support seems to be around the $2.80 to $3 level, so now would be a good time to research this baby and see if she has the potential to grow into a significant and profitable company.
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