EnSync (ESNC) Given a $2.00 Price Target at HC Wainwright

EnSync (NYSEAMERICAN:ESNC) has been given a $2.00 target price by stock analysts at HC Wainwright in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the technology company’s stock.

Separately, Zacks Investment Research raised EnSync from a “hold” rating to a “buy” rating and set a $0.50 price target for the company in a research report on Tuesday, July 3rd.

NYSEAMERICAN ESNC opened at $0.30 on Wednesday. EnSync has a 1-year low of $0.18 and a 1-year high of $0.58.

In other EnSync news, Director Theodore Stern purchased 192,308 shares of the stock in a transaction on Wednesday, September 5th. The stock was acquired at an average price of $0.26 per share, with a total value of $50,000.08. Following the transaction, the director now directly owns 784,579 shares of the company’s stock, valued at approximately $203,990.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

About EnSync

EnSync, Inc, together with its subsidiaries, develops, licenses, and manufactures energy management systems solutions for the commercial and industrial building, utility, and off-grid markets in the United States and internationally. The company's products include Matrix energy management, an energy control system for the commercial and industrial, and multi-tenant building markets; DER Flex Internet of energy control platform, a software platform that seamlessly connects to DERs and controls the flow of electricity, as well as offers aggregation and monetization opportunities for providing utility grid services; DER SuperModule system, a self-contained DER system that integrates with renewable generation, customer load, and grid interconnection for deploying the least expensive, highest value, and most reliable electricity; and Agile Hybrid advanced energy storage system, an energy storage system to deliver power and energy for behind-the-meter applications in commercial, industrial, multi-tenant, and resort buildings.

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