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  • ForceField Energy (FNRG) Expected To Trade In “Top Quartile” Of Valuation Range, Says Zacks 0 comments
    Dec 12, 2013 5:35 PM | about stocks: FNRG

    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 scr.zacks.com/News/Press-Releases/Press-....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 forcefieldenergy.com

    MissionIR provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.missionir.com

    Stocks: FNRG
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