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Energy Storage Systems Manufacturer Trends Positively with Orders

Source: Streetwise Reports

 

October 29, 2018 (Investorideas.com Newswire) A Mackie Research note relayed this company's latest news, regarding revenue and new hires.


In an Oct. 22, 2018, research report, analyst Nikhil Thadani noted that Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) is getting initial reorders. "On August 23rd, with Q3 (Jun) F2018 results, the company announced that new orders in addition to ~$4 mln 9M F2018 revenue had exceeded ~$3 mln." Mackie Research expects the energy company will land about $2 million more in orders in the ensuing weeks or months. Once quarterly revenue "starts to approach and consistently exceed about $2–3M, the stock could rapidly rerate," he added.

Thadani pointed out that the recent hiring of two executives could boost incoming orders to Eguana. Marcus Brunner, the former chief sales and marketing officer at Mercedes-Benz Energy, will serve as chief sales officer. Dr. Andreas Rueckemann, previously an entrepreneur in the cleantech space, will take the role of director of sales, Europe.

Mackie believes that Eguana could generate significant revenue in calendar year 2019 from North America and Australia and that "topline growth should be coming." Thadani concluded, "We are optimistic that ongoing order activity should lead to consistent revenue and growth from Q1 FY19 (December) onward."

Mackie has a Speculative Buy rating and a CA$0.70 per share target price on Eguana, whose current share price is around CA$0.18.

Disclosure:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eguana Technologies, a company mentioned in this article.

Disclosures from Mackie Research, Eguana Technologies Inc., Update, October 22, 2018

RELEVANT DISCLOSURES APPLICABLE TO COMPANIES UNDER COVERAGE
Relevant disclosures required under Rule 3400 applicable to companies under coverage discussed in this research report are available on our web site at www.mackieresearch.com.

ANALYST CERTIFICATION

Each analyst of Mackie Research Capital Corporation whose name appears in this report hereby certifies that (i) the recommendations and opinions expressed in this research report accurately reflect the analyst’s personal views and (ii) no part of the research analyst’s compensation was or will be directly or indirectly related to the specific conclusions or recommendations expressed in this research report.


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