Eguana Technologies (EGT:TSXV) was the best-performing stock in January’s Stock Challenge Thursday. The company’s shares soared 40% higher on over 3.5 million shares traded to close at $0.33 per share.
The rally came after the company announced:
Bosch collaborates with Eguana on Home Battery System for Cybersecure Predictive Energy Efficiency and Demand Response
The Bosch Group is a leading global supplier of technology and services. As one of the world’s largest companies, employed roughly 375,000 associates as of December 31, 2015. The company generated sales of $78.3 billion (70.6 billion euros) in 2015.
For Eguana Technologies, a technology leader in power conversion and control systems for distributed energy storage company with an approximate $66 million market cap, to be entering into a collaboration with Bosch is a big deal. The two companies will be collaborating on the Home Battery System (HBS) project.
Eguana Technologies reports:
“This project demonstrates reduction of peak loads in the home using a utility-controlled storage system to lower demand from the utility and reduce the burden on the grid. The project is being completed in co-operation with the Bonneville Power Authority (BPA) and the National Renewable Energy Laboratory (NREL). The system is currently being validated under the supervision of NREL at its Energy Systems Integration Facility in Golden, CO. Cybersecurity is a critical element of the Home Battery System. With the guidance and support of the cybersecurity experts at ESCRYPT, the Home Battery System employs Federal Energy Regulatory Commission (FERC) Critical Infrastructure Protection (CIP) standards to ensure a compliant stack.”
Scott Averitt, technical expert – advanced R&D projects, Robert Bosch North America, explained,
“We chose the Eguana AC Battery for this project due to the ease of integration with the Home Battery System and the ability to scale the amount of energy storage,”
And that,
“These factors allow us to validate various scenarios regarding available on-demand power and on-site storage capacity.”
Click here to read the entire press release.
After making a substantial move in early summer last year, Eguana’s share price has been relatively range bound.
Eguana Technologies – 1 Year Chart
January’s Stock Challenge still tight
Member ‘Guildwood2’ selected Eguana Technologies for January’s Stock Challenge. His combined average return was 20.22% Thursday.
Eguana is not new in the Pinnacle community. We have written about the company in the past and Eguana was the source of a close contest back in June of 2016.
Below is an excerpt from Eguana Technologies: power in energy storage:
“Long-time member, sitting in 11th place and past Stock Challenge Champ ‘Frank Tabbert’ selected the company along with 14th place ‘frebeach’, 16th place ‘supra’ and 17th place ‘danno13’.
Only one of these members shared the potential Eguana had back in December of 2015. On December 20th, 2015, Frank Tabbert posted a blog titled Getting in the GOING GREEN GAME EARLY Eguana Technologies Inc.. EGT/V. Below is an excerpt from the bottom of his post:
“Building a better battery is only part of the solution. What then? STORING POWER WHEN THE SUN IS SHINING to be utizilzed when it is not is the key here. The leader in this field still in its early stages is a little Canadian Company called Eguana Technologies Inc. EGT/V trading at 10 cents. The GREEN REVOLUTION is in its infancy and this infant has eye popping risk/reward potential. www.eguanatech.com”
Congrats Frank!
This is why the Pinnacle community exists; to share and present opportunities to our fellow members.”
Click here to read Eguana Technologies: power in energy storage.
With just a handful of days remaining, member ‘Hello’ is leading the pack with a 86.19% return. Member ‘atlevan’ is not far behind with a 73.20% return. Meanwhile, ‘rbd’ finds himself in third overall with a 66.63%.
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Pinnacle Digest does not endorse or recommend any of the referenced securities. At the time of publication and distribution of this article (4:00PM PST on January 26, 2017) neither PinnacleDigest.com, its employees or consultants owned shares in any of the mentioned companies in this article. This article is intended for informational and entertainment purposes only. The author of this article bears no liability for losses and/or damages arising from the use of this article. This article may contain technical or other inaccuracies, omissions, or typographical errors, for which PinnacleDigest.com and its parent company assumes no responsibility. We do not guarantee that any of the companies mentioned in this article or on PinnacleDigest.com will perform as we expect, and any comparisons we have made to other companies may not be valid or come into effect.
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