EnSync (ESNC) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of EnSync (NYSEAMERICAN:ESNC) from a hold rating to a buy rating in a report released on Wednesday, January 3rd. They currently have $0.50 price objective on the technology company’s stock.

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. “

A number of other research analysts have also recently commented on ESNC. HC Wainwright set a $2.00 price target on shares of EnSync and gave the stock a buy rating in a report on Friday, December 15th. Roth Capital initiated coverage on shares of EnSync in a report on Tuesday, September 19th. They issued a buy rating and a $0.85 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $1.21.

EnSync (NYSEAMERICAN ESNC) opened at $0.54 on Wednesday. EnSync has a 1 year low of $0.31 and a 1 year high of $0.80. The firm has a market cap of $25.38, a price-to-earnings ratio of -7.71 and a beta of 0.69.

A hedge fund recently raised its stake in EnSync stock. ICM Asset Management Inc. WA increased its holdings in EnSync Inc (NYSEAMERICAN:ESNC) by 47.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 735,500 shares of the technology company’s stock after acquiring an additional 237,700 shares during the quarter. ICM Asset Management Inc. WA owned approximately 1.32% of EnSync worth $379,000 as of its most recent SEC filing.

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About EnSync

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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