GT Legend Automotive Holdings Inc.: Rated ‘Speculative Buy,’ Target Price $0.18 by Beacon Equity Research
March 05 2009 - 7:00AM
Business Wire
GT Legend Automotive Holdings Inc. (Pink Sheets: GTLA) has been
rated Speculative Buy with a price target of $0.18 by Beacon
Analyst, Victor Sula, Ph.D.
The full report is available at http://www.beaconequity.com.
Anyone interested in receiving alerts regarding GTLA research
should e-mail members@beaconequity.com with �GTLA� in the subject
line.
In the report, the analyst writes, �In 2009, the Company
anticipates selling 150-200 electric driveshafts. Management
projects unit sales rising to a 10,000 range in 2010, but believes
unit volume could easily rise to twice that amount given the new
administration�s goal of cutting emissions and encouraging the use
of alternative fuels. In addition, a retrofitting contract with a
major fleet operator such as UPS or FedEx could potentially add
millions of dollars to GTLA�s revenues.�
Other companies focused on fuel optimization technology include:
Ballard Power Systems Inc. (Nasdaq: BLDP), Ener1 Inc. (Nasdaq:
HEV), FuelCell Energy Inc. (Nasdaq: FCEL) and Plug Power Inc.
(Nasdaq: PLUG).
Beacon Equity Research Disclosure
The analysts contributing to this report certify that the views
expressed herein accurately reflect the analysts' personal views as
to the subject securities and issuers. BeaconEquity.com is not a
registered investment advisor and nothing contained in any
materials should be construed as a recommendation to buy or sell
any securities. BeaconEquity.com is a wholly owned entity of
BlueWave Advisors, LLC, which has been compensated six thousand
five hundred dollars from Bismark Consulting, a shareholder of
GTLA, as a marketing budget to manage a comprehensive investor
awareness program including the creation and distribution of this
report as well as other investor relations efforts. This report is
based on data obtained from sources we believe to be reliable, but
is not guaranteed as to accuracy and does not purport to be
complete. Please read our report and visit our Web site,
BeaconEquity.com, for complete disclosures.
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