Vista Partners Initiates Coverage on ECOtality, Inc.; Price Target $3.70
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwired) -- 04/16/13 -- announced today that it has initiated coverage on (NASDAQ: ECTY) ("The Company," or "ECTY"); with a twelve month price target of $3.70. Ross Silver, Principal Analyst at Vista Partners, stated, "The fleet of plug-in electric vehicles ("EVs") in the United States is the largest in the world. Since 2008 more than 90,000 highway-capable plug-in electric cars have been sold in the country through March 2013, with sales led by the plug-in hybrid with 35,702 units, followed by the all-electric car with 23,051 units." Mr. Silver continues, "According to a 2011 study by Pike Research, annual sales of plug-in electric vehicles in the U.S. are predicted to reach 360,000 vehicles by 2017. Based on the continued introductions of EVs, and the success of the LEAF and Volt, ECTY expects strong and sustained demand for their Blink Network system, beyond what they have contracted under The EV Project."
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About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking.
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Datum: 16.04.2013 - 13:15 Uhr
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News-ID 249478
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