EnSync (ESNC) PT Set at $2.00 by HC Wainwright
Separately, Zacks Investment Research cut EnSync from a buy rating to a hold rating in a research report on Monday, June 11th.
Shares of NYSEAMERICAN ESNC opened at $0.29 on Wednesday. EnSync has a 52-week low of $0.18 and a 52-week high of $0.58.
In other EnSync news, Director Theodore Stern bought 192,308 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were purchased at an average cost of $0.26 per share, for a total transaction of $50,000.08. Following the transaction, the director now directly owns 784,579 shares in the company, valued at $203,990.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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.
See Also: Should I invest in “strong buy” stocks?
Receive News & Ratings for EnSync Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnSync and related companies with MarketBeat.com's FREE daily email newsletter.