Zacks Investment Research lowered shares of EnSync (NYSEAMERICAN:ESNC) from a buy rating to a hold rating in a research report released on Tuesday.

According to Zacks, “EnSync, Inc. is a technology solutions company. It develops, licenses and manufactures energy management systems solutions. Its energy storage solutions are based upon zinc bromide rechargeable electrical energy storage technology and power electronics systems. The Company also offers systems which form various levels of micro-grids, hybrid vehicle control systems and power quality regulation solutions. In addition, the Company develops and commercializes energy management systems for off-grid applications. It serves utility, commercial and industrial building and off-grid markets. EnSync, Inc., formerly known as ZBB Energy Corporation, is headquartered in Menomonee Falls, Wisconsin. “

A number of other equities analysts have also recently commented on ESNC. ValuEngine cut shares of EnSync from a sell rating to a strong sell rating in a report on Friday, September 1st. Roth Capital assumed coverage on shares of EnSync in a report on Tuesday, September 19th. They issued a buy rating and a $0.85 target price on the stock. Finally, HC Wainwright set a $2.00 target price on shares of EnSync and gave the company a buy rating in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. EnSync has an average rating of Hold and a consensus price target of $1.21.

Shares of EnSync (NYSEAMERICAN ESNC) opened at $0.41 on Tuesday. EnSync has a 1-year low of $0.31 and a 1-year high of $0.82.

A hedge fund recently raised its stake in EnSync stock. ICM Asset Management Inc. WA increased its holdings in EnSync Inc (NYSEAMERICAN:ESNC) by 47.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 735,500 shares of the technology company’s stock after buying an additional 237,700 shares during the period. ICM Asset Management Inc. WA owned about 1.32% of EnSync worth $379,000 as of its most recent SEC filing.

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About EnSync

EnSync, Inc is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network.

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