Zacks
Small Cap Research today published a research report featuring ForceField
Energy, an international manufacturer, distributor and licensee of alternative
energy products and solutions for the renewable energy market, placing a price
target of $6.50 on the company’s stock.
“ForceField’s
growth initiatives into these two alternative energy industries are
transforming the company, which should benefit from the secular trend towards
more efficient energy generation and consumption. Multiple new relationships
and trials have been announced over the last few months. Also, in October,
ForceField Energy was approved for listing and registration to NASDAQ. The
up-listing should benefit the company through better institutional investor
awareness and increased share liquidity.”
To
access the full report visit
http://scr.zacks.com/News/Press-Releases/Press-Release-Details/2013/FNRG121213/default.aspx
The
report summarizes ForceField’s strategy to seek out investment opportunities in
the green energy markets, which includes exclusive distribution agreements with
key market players.
Leveraging
these partnerships, ForceField is positioned to generate increasing revenue
streams by penetrating the North American, Latin American, Caribbean, and
European markets through a network of sub-distributors.
“ForceField
offers commercial LED lighting systems and products through at least nine
sub-distributors and by bidding on large commercial projects. Several
commercial trials are underway, for example, with QSR International at
fast-food restaurants, Sabia Corporation at Fantastic Proceres Casino in
Guatemala and Empresa de Servicios Públicos de Heredia for streetlights in
Costa Rica,” according to the report.
Among
other items mentioned, these partnerships, favorable conditions and growth
patterns in the renewable energy market, and additional distribution
opportunities earned ForceField a bullish review by Zacks analysts.
“Utilizing
our benchmark valuation methodology, we expect ForceField’s stock to trade into
the top quartile of our estimated valuation range of 1.1 and 3.2 times
normalized sales, which projects at price target of $6.50,” reports Zacks.
For
more information, visit www.forcefieldenergy.com
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