Friday December 21, 02:44 PM
PowerSecure International initiated with "market outperform"
NEW YORK, December 21 (newratings.com) - Analyst Amit Dayal of Rodman & Renshaw initiates coverage of PowerSecure International Inc (ticker: POWR) with a "market outperform" rating. The 12-month target price is set to $19.
In a research
note published this morning, the analyst mentions that the company is likely to benefit from secular growth in the energy management market. Several industry forecasts indicate that growth in the energy management market could be in the 20%-30% per annum range in the forthcoming few years, the analyst says. Rodman & Renshaw expects the company's growth going forward to be at least in-line with that of the overall industry.
© 2007 New Ratings
Click here for more articles from NewRatings.com
|
|
|
Send Article by Email
