H.C. Wainwright analyst Amit Dayal maintained a Buy rating on EnSync Inc (ESNC) today and set a price target of $1.50. The company’s shares opened today at $0.19, close to its 52-week low of $0.17.
Dayal said:
“We are projecting the company to generate revenues of approximately $20.0M during FY2019, and expect these to grow to $155.0 in FY2025, growing at a six-year CAGR of 40.7%. We estimate total operating costs to be $13.4M during FY2019, and expect these to rise modestly to $19.9M in FY2025. We expect EnSync to generate positive net profit beginning in FY2021. Our DCF analysis yields a value of $1.50 per share and uses a discount rate of 13.1%, derived from the company’s weighted average cost of capital (WACC).”
According to TipRanks.com, Dayal is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -14.0% and a 27.9% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and Orion Energy Systems.
Currently, the analyst consensus on EnSync Inc is a Moderate Buy with an average price target of $1.50.
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Based on EnSync Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $2.77 million. In comparison, last year the company had a GAAP net loss of $3.89 million.
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EnSync, Inc. engages in the design, development, and manufacture of advanced energy storage, power electronic systems, and engineered custom and semi-custom products. Its services include matrix energy management, internet of energy, system support, and system design. The company was founded in 1986 and is headquartered in Menomonee Falls, WI.
