NEO Material Technologies [NEM.TO], (NEMFF.PK) is a producer, processor and developer of neodymium-iron-boron magnetic powders, rare earths and zirconium-based engineering materials and applications, and other high value niche metals and their compounds, through its Magnequench and Performance Materials business divisions. NEO's products are useful in miniaturization, emissions control, and the efficient, lightweight motors needed for electric vehicles. Although most of the company's revenues come from products other than electric motors, a rapid expansion of the EV industry should increase demand for the company's products. Unlike most of the other EV stocks listed here, NEO is a global company operating in ten countries with a record of positive cash flow and earnings, and no net debt. With trailing 12 month earnings of C$0.31, the stock is a reasonable value at the July 13 closing price of C$3.62.
Opinion: Worth watching... "
"... Conclusion
I've not looked at any of these companies closely enough to make a buy decision, although it was easy to rule out several. Of the ones that are left, I think Neo Material Technologies, CPS Technologies Corp, and UQM Technologies are the most likely to be good values at current prices. I'd buy any of these three before I'd buy Tesla... "
DISCLOSURE: No Positions.
Author - About Tom Konrad
Tom Konrad, PhD., CFA is a regulatory consultant and financial analyst specializing in renewable energy and energy efficiency. In his consulting role, he testifies on behalf of clients before public utilities commissions and state legislatures to promote clean energy. In addition to AltEnergyStocks.com, he writes about clean energy and economics as a freelancer. He has a Ph.D. in mathematics from Purdue University, where he wrote his thesis on Complex Dynamics, a branch of chaos theory. His study of chaos theory led to his conviction that knowing the limits of our ability to predict is much more important than predictions themselves.
Tom volunteers extensively for the environmental nonprofit community. He is a ...More runner and a woodworker. He has completed two marathons in under four hours, and builds furniture or remodels his home in his spare time.