Vista Partners Initiates Coverage on Algae.Tec Limited; Target Price AUD $1.08
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwire) -- 05/01/12 -- announced today that it has initiated coverage on (ASX: AEB) (OTCQX: ALGXY) ("The Company" or "AEB") with a twelve month target price of AUD $1.08. Ross Silver, Principal Analyst at Vista Partners, stated, "The Company has numerous memorandums of understanding (MOU), one of which is with European airline giant . The Company and Lufthansa plan to jointly evaluate the potential for algae oil from AEB's bio-reactors to be developed into a sustainable source of aviation biofuels." Mr. Silver continues, "In addition, AEB signed a collaboration contract to build its first algae biofuels production facility in Asia. The facility is being built in Sri Lanka with the local subsidiary of industrial giant , the world's second largest cement and building materials company." Mr. Silver concludes, " recently stated that Solazyme, Algae.Tec, and Sapphire Energy all dominate the global algae to biofuels space, trying to edge out not only each other but oil companies as well."
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About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista Partners LLC has built a name for itself in the small cap space due to its selection of .
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Datum: 01.05.2012 - 19:44 Uhr
Sprache: Deutsch
News-ID 1109406
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Alternative Energy
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