It was mixed week for energy storage stocks, but earnings from Ener1 (NASDAQ: HEV - News) and a CNBC report on A123 (NASDAQ: AONE - News) lifted the respective stocks on Friday.

Shares of New York City-based Ener1 are soaring today despite reporting a wider-than-expected loss in the fourth quarter. Ener1 lost -$51 million or -45 cents a share for the period, compared to analysts' expectations of a -42-cent loss per share. The performance was still a significant improvement over the fourth quarter of 2008, when the company lost -51 cents per share. In a press release, Ener1 CEO Charles Gassenheimer boasted that EnerDel, the company's battery division, "experienced a five-fold increase in the level of customer inquiry in 2009." Investors appear to share Gassenheimer's optimism, bidding shares up by 8.5%.

As a whole, the Energy Storage and Battery Technology Stocks Index is slipping fractionally to end the week, but Ener1 is far from the day's only winner. [Read the full article]

Skip navigationpd_top('Story','html40','35837680','Shorting Retail ‘Backfired) on Hedge Funds','Plus, get Cramer take on tax “avoidance” versus tax “evasion.”','CNBCNews','CNBC U.S. [Read the full article]

Friday witnessed stocks flowing gently between positive and negative readings through out the day. Opposing currents of a decline in Consumer Confidence and an increase in Retail Sales resulted in a bull bear stalemate. Finally, the session ended mixed with the DJIA up 12.85, the tech heavy Nasdaq given back 0.80 and the broad based S&P 500 easing lower by 0.25. We have the Long-Term Purchases reading as well as several T-Bill Auctions to observe on Monday. Several earnings announcement will also wrap up Monday's session.

37 cents is the expected figure for AAON Inc (Nasdaq:AAON - News) prior to the open. The Stock PowerRating for AAON is 5.

Internet retailer, Overstock.com (Nasdaq:OSTK - News), has forecasters awaiting an EPS of 45 cents before the bell. The Stock PowerRating for OSTK is 4.

Banking kingpin, UBS AG (NYSE:UBS - News), expects to see an EPS of 25 cents before trading starts. The Stock PowerRating for UBS is 4. [Read the full article]

There is nothing wrong with avoiding paying taxes, Jim Cramer declared on his Stop Trading!segment on CNBC.

The government has never suggested it is your patriotic duty to pay taxes, Cramer said; in fact, they always suggest the opposite. "Anyone who thinks it's patriotic ... doesn't understand the history or philosophy of the IRS."

Still, Cramer made it very clear: while tax avoidance is allowed, tax evasion, like moving assets to Cayman Islands, is against the law.

In the American judicial system you may be innocent until proven guilty, but in tax court you are guilty until proven innocent, Cramer said.

Or, you can always get a nice chunk of cash if you turn in someone who is evading their taxes, Cramer said.

Speaking of shady accounting, it was revealed on Friday that the Lehman Brothers' bankruptcy report could be a roadmap for criminal charges. [Read the full article]