EDISON EQUITY RESEARCH - INTELLIGENT ENERGY HOLDINGS
May 21 2015 - 8:22AM
InvestorsHub NewsWire
EDISON EQUITY RESEARCH: AVALANCHE BIOTECHNOLOGIES - SOLVING
OPHTHALMIC GENE THERAPY
Intelligent Energy Holdings' (IEH) interim results show strong
revenue growth, driven by the DP&G division, which provides
power asset management services for telecoms tower sites in India.
The division has recently announced agreement in principle on a
contract that will more than double the number of telecoms towers
under management and substantially improve divisional margins. We
leave our estimates unchanged and revise our valuation range to
reflect a weakening in fuel cell share prices since our April
initiation note.
Intelligent Energy develops efficient hydrogen fuel cell power
systems for the distributed power and generation markets (DP&G
division), global automotive (Motive division) and consumer
electronics (CE division) markets.
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