EnSync (NYSEAMERICAN:ESNC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors 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. “
ESNC has been the subject of several other reports. Roth Capital started coverage on shares of EnSync in a research note on Tuesday, September 19th. They issued a “buy” rating and a $0.85 target price for the company. ValuEngine downgraded shares of EnSync from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, HC Wainwright set a $2.00 target price on shares of EnSync and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $1.21.
A hedge fund recently bought a new stake in EnSync stock. ICM Asset Management Inc. WA bought a new position in shares of EnSync Inc (NYSEAMERICAN:ESNC) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 497,800 shares of the technology company’s stock, valued at approximately $184,000. ICM Asset Management Inc. WA owned 1.04% of EnSync at the end of the most recent quarter.
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EnSync Company Profile
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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