In a report released today, Amit Dayal from H.C. Wainwright initiated coverage with a Buy rating on Envision Solar International (EVSI) and a price target of $30.00. The company’s shares closed last Friday at $11.65.
According to TipRanks.com, Dayal is a 5-star analyst with an average return of 12.7% and a 46.1% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Westport Fuel Systems, and Orion Energy Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Envision Solar International with a $24.00 average price target, representing a 90.9% upside. In a report issued on August 25, BTIG also initiated coverage with a Buy rating on the stock with a $25.00 price target.
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Based on Envision Solar International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.32 million and GAAP net loss of $942.5K. In comparison, last year the company earned revenue of $1.64 million and had a GAAP net loss of $983.9K.
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Envision Solar International, Inc. engages in the invention, design, engineering, manufacture, and sale of solar powered products. It offers solar powered products and proprietary technology solutions for electric vehicle charging infrastructure, out of home advertising platforms, and energy security and disaster preparedness. The company was founded by Robert Lane Noble on June 12, 2006 and is headquartered in San Diego, CA.
