Vista Partners Initiates Coverage on Enerpulse Technologies with Buy Recommendation - Video Research Alert on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - July 2, 2015) - San Francisco-based Vista Partners has initiated coverage on Enerpulse Technologies (OTCQB: ENPT). Analyst Ross Silver gives the company a 12 month target price of $0.65, a premium of 400% to the $0.13 price on June 18th, the day the report was issued.
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Enerpulse Technologies, based in Albuquerque, New Mexico, is commercializing a proprietary plasma spark plug technology called n-PAC® that significantly improves the performance, fuel efficiency and emissions of internal combustion engines. The technology was developed in conjunction with Sandia Labs, which is run by the US Department of Energy and similar technology is used in fusion reactors designed by the Department of Energy.
Enerpulse spark plugs create more efficient combustion, are more fuel efficient and can help auto and industrial engine manufacturers meet increasing global emission requirements.
The spark plugs are commercially available in the auto aftermarket sector & recently the company has developed the next generation of product and has started selling into the stationary and mobile natural gas markets. Stationary engines are used in industrial applications and require expensive sparkplugs which are replaced frequently. A potential long-term opportunity is the auto OEM sector where manufacturers are seeking ways to comply with more stringent fuel efficiency and emissions standards while, at the same time, increasing vehicle performance. Both markets represent significant commercial opportunities.
The company has already established an extensive distribution network for their branded Pulstar® pulse plugs. To grow this channel further, they intend to drive consumers to their established automotive parts retailers through extensive and consistent advertising.
The company is currently in discussions with several Tier-1 spark plug manufacturers, with the goal of establishing long-term manufacturing relationships.
Matt Ingram, newly appointed Director of Sales stated: "Enerpulse recently became members of the Performance Warehouse Association and will attend their conference in late August. PWA caters to performance warehouse distributors who sell to local performance and speed shops across the country. So far, PWA has 33 confirmed resellers planning to attend the conference. Based on our understanding of the market, we believe that each reseller who begins working with us could result in approximately $250,000 in revenue annually."
Heather Tausch, Director of Marketing and Communications added: "Feedback and testimonials consistently validate that Pulstar spark plugs deliver quicker throttle response, stronger acceleration and increased power. We plan on working with the sales and marketing teams of each of our performance warehouse distribution partners to support this push into the market."
The company currently trades at $0.175, well below the $0.65 target price, and with 15 million shares outstanding, the company is capitalized at $2.6 million.
For more information, please visit the company's website www.enerpulse.com call 505-842-5201 or email firstname.lastname@example.org.
For more information about Vista Partners or to obtain a copy of their research report, contact your nearest Vista Partners office. Their branches are listed on their website at www.vistapglobal.com.
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