Vista Partners Initiates Coverage on ECOtality, Inc.; Price Target $3.70
SAN FRANCISCO, CA -- (Marketwired) -- 04/16/13 -- Vista Partners
announced today that it has initiated coverage on ECOtality, Inc.
(NASDAQ: ECTY) ("The Company," or "ECTY"); with a twelve month price
target of $3.70. Ross Silver, Principal Analyst at Vista Partners,
stated, "The fleet of plug-in electric vehicles ("EVs") in the United
States is the largest in the world. Since 2008 more than 90,000
highway-capable plug-in electric cars have been sold in the country
through March 2013, with sales led by the Chevrolet Volt plug-in
hybrid with 35,702 units, followed by the Nissan LEAF all-electric
car with 23,051 units." Mr. Silver continues, "According to a 2011
study by Pike Research, annual sales of plug-in electric vehicles in
the U.S. are predicted to reach 360,000 vehicles by 2017. Based on
the continued introductions of EVs, and the success of the LEAF and
Volt, ECTY expects strong and sustained demand for their Blink
Network system, beyond what they have contracted under The EV
To download a FREE copy of the ECOtality, Inc. research report,
please visit http://www.vistapglobal.com and click the "download
research" icon to gain access to the report.
About Vista Partners:
Vista Partners LLC, founded in 2005, is a
Registered Investment Advisor in the States of California and Oregon.
The firm's professional staff has backgrounds in finance, corporate
communications and investment banking.
Please follow us on Twitter @VistaPResearch & Facebook at
Vista-Partners to receive updates, thoughts and ideas about our
coverage universe of companies.
Disclaimer & Disclosure:
For a full list of disclaimers and
disclosures, please visit our website www.vistapglobal.com or click
Vista Partners LLC
Press spacebar to pause and continue. Press esc to stop.