I apologize I have not been writing about specific stocks in a while. But I promise to make it up to you with this small-cap stock. It only have a market cap of 60 million but that means there’s much potential in it. The stock symbol is IGOI. The company is called iGo and they make chargers. Their website is at http://www.igoi.com.

Why do I like them?

The business is simple. They make chargers and sell them. You can read their SEC filings and you won’t find anything other than that.

They also hold lots of patents. One patent that has got a lot of news is their ability to protect against Vampire power. Check out www.vampirepowersucks.com to find out more information. Vampire power is the power that gets drained out of your devices even though they have already been recharged. This means you are wasting valuable electricity and paying higher prices because of your inefficient chargers.

They have received multiple accreditions from PC World and have won Best of CES 2010 for their green chargers. If you wish to invest in green energy, then you’ve found the company here. Think about if they were to get big companies to buy their iGo chargers. The companies would save a bunch on electricity and be “green friendly.” The government would be a proponent for that.

They also have tons of potential. To give you a little history, they used to be an OEM supplier of chargers. They actually produced chargers for other companies that would rebrand them and sell it. Targus was a major buyer of their products. Many of the new iGo chargers have similar functionality to the old Targus chargers, but with more functions and fixes. Their stock price plummetted in the past few years when their sales starting going down and Targus stopped buying their chargers. Management is doing the right thing – cut the middleman and sell it themselves.

iGo chargers are just beginning to get big. They already have some viral media out with their ‘Vampire Sucks’ videos. They also are giving iGo chargers away through shows like Bonnie Hunt. They need to continue to press social media and get the word out of their chargers. Being new to the game of selling their mechandise, if they can maintain high quality products and get those distributed, they will be a game changer in the recharger business. Exposure is a big thing going forward for them. I doubt many people have heard about this business.

Here’s one of the biggest things I see going forward: Wal-Mart. Yes, they have got accepted to Wal-mart after doing some small trial runs with them. Starting in the second half of 2010, you will see green chargers in Wal-Mart. iGo chargers are already being distributed to Radio Shack and Office Max. You can bet after it gets into Wal-Mart that other big good stores like Target will want to sell their brand.

Currently it sells for $1.73. It was at $1.68 earlier today. The stock was up at a high $2.06 this past month. I am sure the stock will be hitting new highs soon. There’s just so much reward to risk in this stock to pass this opportunity up. It has already broke the last resistance at $1.80. The next resistance would be at $3 which would give it almost a 50% gain from where it’s at right now.

Disclosure: I own IGOI