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.
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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