EDISON EQUITY RESEARCH : INTELLIGENT ENERGY HOLDINGS
May 21 2015 - 10:50AM
InvestorsHub NewsWire
EDISON EQUITY RESEARCH: INTELLIGENT ENERGY
HOLDINGS - STRONG YEAR-ON-YEAR REVENUE GROWTH
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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