% | $
Quotes you view appear here for quick access.

Ecotality, AŞ Message Board

  • zorah28 zorah28 Aug 7, 2013 9:45 AM Flag

    Great read about ECTY

    Check out Vista Partners August 2013 newsletter. Seems like a lot of people have high hopes for ECTY.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • ECOtality: Simply A Great Investmentat Seeking Alpha (Fri, Aug 2)

    • zorah28, can you summarize what they are saying in the newsletter?

      Sentiment: Strong Buy

      • 1 Reply to deepwaterstocks
      • The summary: target price was raised to $3.70.

        Here's the full article as quoted from Vista Partners Aug 2013 newsletter.

        "ECOtality, Inc. (the “Company” or “ECTY”) has had its share price increase approximately 50% since we initiated coverage on April 16th and average daily volume has increased approximately 500%. ECTY headquartered in San Francisco, California, is a leader in clean electric transportation technologies. ECOtality operates the Blink brand of electric vehicle charging stations and is deploying over 13,000 chargers across the country in residential, commercial and public locations. One of the largest commercial charging networks in the world, ECOtality’s Blink chargers are all network connected to enable payment collection, membership plans, access restrictions, usage dashboards and real-time mapping. ECOtality’s Minit-Charger division provides leading fast charge equipment for electric material handling and airport ground support equipment. With over 20 years of experience in advanced fuels and infrastructure, ECOtality is a trusted research and testing contractor for governments, automotive OEMs and utilities.

        ECTY was added to the Russell Microcap® Index when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes after the close of the market on June 28, 2013. ECTY closed its previously announced private placement of common stock and warrants to certain institutional investors. Gross proceeds from the issuance were $8.2 million and will be used for general corporate and working capital purposes. "We are making good progress to advance our Blink Network and monetize our EV solutions," said Ravi Brar, CEO of ECOtality. "This capital raise helps us continue our operational momentum as we execute on our strategic initiatives to expand our diversified business lines and continue to build our business."