DGAP-News: Prime Sun Power Inc.: SISM Research Initiates Independent Research Coverage on Prime Sun Power Inc.
(firmenpresse) - Prime Sun Power Inc. / Key word(s): Miscellaneous
22.10.2010 14:00
Publication of a media release
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SISM Research Initiates Independent Research Coverage on Prime Sun Power
Inc., The Company Intends To Become A Leading European Independent Solar
Power Producer And Has 225 MW Of Power Plants In Its Pipeline to Construct
The Company plans to develop, build and operate 500 megawatts of
photovoltaic solar power generation through the end of 2013.
Zurich, Switzerland, October 18, 2010 -- Ernest C. Schlotter, a senior
analyst with InvesTrend affiliate SISM Research and a four star analyst
according to StarMine, has initiated coverage on Prime Sun Power Inc.,
(OTCBB/New York: PSPW and Xetra/Frankfurt: PSD), with a long-term, 18-36
month future target price of $5.80 per share, based on projected EV/EBITDA
valuation.
The full report includes important disclosures, disclaimers and analyst
information. InvesTrend and SISM Research both advise investors to exercise
a reasonable degree of due diligence before trading in the equities of any
public company, including carefully reading entire analyst reports and
report disclosures, and then only in conjunction with advice from a
registered financial advisor or broker. InvesTrend and SISM Research both
further advise that any analyst rating, recommendation, target valuation,
price target or opinion should be considered merely a portion of an
investor's total investigative process. All future price targets and
EV/EBITDA projections are the sole opinions of SISM Research and have not
been endorsed or adopted by Prime Sun Power Inc. (More about ratings and
valuations is available at http://www.investrend.com/ratings).
A complementary report, which includes important disclosures, disclaimers
and analyst qualifications, is available for download via the InvesTrend
Syndications website (http://www.investrend.com .......
According to the report:
Prime Sun Power Inc. (OTC BB: PSPW) and (Berlin, Xetra/Frankfurt: PSD)
headquartered in New York, USA, is positioning itself as a clean energy
utility-scale company, focused on building, managing, operating, and
selling photovoltaic (PV) energy projects in Southern Europe. The Company
is poised to take advantage of the growth of energy demands and
technological advances that will drive the coming surge in the global solar
generated electricity market. PSPW intends to develop, build and operate
500 MW of solar power generation by the end of 2013. In addition, another
50 MW per year is expected to be acquired by third party investors. PSPW
has established investment partners and continues to seek worthwhile
opportunities to grow its business model, including joint venture projects.
As a publicly traded company, Prime Sun Power projects that it will finance
its ventures through sophisticated and institutional equity investors as
well as debt financing. Recently, PSPW signed several Master Acquisition
Agreements in Italy, France and Greece to acquire Turnkey Alternative
Energy Plants, producing a total of 225 MW of power. The closings of each
of these Master Acquisition Agreements and all future photovoltaic solar
power generation projects are contingent on the Company's ability to
secure financing. Prime Sun Power has also engaged a team of twelve
engineers to manage and supervise the Company's photovoltaic power plant
projects. PSPW has also teamed up with Bangkok Solar Power Co., a worldwide
leading manufacturer of Amorphous Silicon Photovoltaic Modules and is also
an EPCI contractor..
The full Company report, including important disclosures and disclaimers,
is available at http://www.sism.com. PSPW's Website can be found at
http://www.primesunpower.com/
About Prime Sun Power Inc.
Prime Sun Power Inc. is positioning itself as a clean energy utility-scale
company with an emphasis on the development, construction and operation of
its own and third party photovoltaic power plants. The Company is focusing
on photovoltaic solar power generation in Europe, particularly in Italy,
France and Greece. The Company plans to develop, build and operate 500
megawatts of photovoltaic solar power generation through the end of 2013
and plans to use revenues generated from sales of projects to third parties
in the development and construction of its own power plants. The Company
strategy is to act as a consortium-leader with reputable world-leading EPC
and module suppliers to deliver all projects on a turnkey basis. The
Company aims to achieve a leading position in the provision of solar
energy.
About SISM Research:
SISM Research (http://www.sism.com) is a private investment research firm,
based in Zurich, Switzerland, offering independent, fundamental research on
public companies since 1995. SISM Research publishes research on micro- to
small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock
exchanges. SISM research coverage platforms are geared toward
institutional and individual investors in both North America and in Europe.
SISM Research, as a member-provider of the FIRST Research Consortium
(http://www.investrend.com/FIRST), takes steps to ensure the independence
and integrity of SISM's published research that exceed those of the CFA
Institute Code of Ethics and Standards of Professional Conduct and the
CFA-NIRI Guidelines, by following the exacting 'Standards for Independent
Research Providers', which are also in accordance with guidance set forth
by U.S. Securities and Exchange Commission's Advisory Committee on Smaller
Public Companies.
About The Investrend Research Syndicate:
The Investrend Research Syndicate
(http://www.investrend.com/research/syndicate), a proprietary entity of
Investrend Communications, Inc., distributes reports published by sources
dedicated to unbiased, reliable analytics and complete transparency. The
primary measure for determining those sources is the 'Standards for
Independent Research Providers'
(http://www.investrend.com/FIRST/standards).
Forward-Looking Statements
Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties.
Forward-looking statements are based on current facts and analyses and
other information that are based on forecasts of future results, estimates
of amounts not yet determined, and assumptions of management. Forward
looking statements are generally, but not always, identified by the words
'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates',
'projects', 'aims', 'potential', 'goal', 'objective', 'prospective', and
similar expressions or that events or conditions 'will', 'would', 'may',
'can', 'could' or 'should' occur. Information concerning future stock
prices and EV/EBITDA projections are also deemed to be forward looking
statements, as each such statement constitutes a prediction which is
inherently uncertain.. No assurances or guaranties of any nature or kind
with respect to actual outcomes are to be construed from any forward
looking statements.
Actual results may differ materially from those currently anticipated due
to a number of factors beyond the reasonable control or foresight of of the
Company. It is important to note that actual outcomes and the Company's
actual results could differ materially from those in such forward-looking
statements. Factors that could cause actual results to differ materially
includemisinterpretation of data, inaccurate estimates, the uncertainty of
the requirements demanded by environmental agencies, the Company's ability
to raise financing to close agreements and obtain operating capital, breach
by parties with whom we have contracted, inability to maintain qualified
employees or consultants because of compensation or other issues,
competition for equipment, inability to obtain permits, potential delays or
obstacles in operations Additional information and risks pertaining to the
the Company can be found in Company filings available on the website of the
US Securities and Exchange Commission at www.sec.gov. The Company does
not undertake any duty to update any information included in reports
published by SISM Research or any other third parties.
Contact:
Olivier de Vergnies
Chief Executive Officer
info(at)primesunpower.com
Telephone: +41-44-575-9000
22.10.2010 14:00 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.
EquityStory publishes regulatory releases, media releases on the capital
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for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news
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Datum: 22.10.2010 - 14:00 Uhr
Sprache: Deutsch
News-ID 32393
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Kategorie:
Business News
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