China Energy Recovery Inc., ‘Speculative Buy’ Rating, Target Price $4 by Beacon Equity Research
January 27, 2009 at 07:00 AM EST
China Energy Recovery Inc. (OTCBB: CGYV) has received a Speculative Buy rating with a price target of $4 by Beacon Analyst, Victor Sula, Ph.D.
The full report is available at http://www.beaconequity.com/main/Page-data/Adpages/CGYV
Anyone interested in receiving alerts regarding CGYV research should e-mail firstname.lastname@example.org with “CGYV” in the subject line.
In the report, the analyst writes, “CGYV’s quarterly revenues increased in 2008 due to increased sales volume of energy recovery systems and services and higher revenues per contract. During the first nine months of 2008, CGYV completed 60 contracts and realized average revenues per contract of $255,377. This compares to 36 completed contracts and values averaging $209,403 per contract for the same period in 2007. Management believes the Company’s sales will continue to grow, despite the current global economic slowdown, because of its rising order backlog and CGYV’s unique position as one of the few industry participants with the necessary design and engineering expertise to build larger energy recovery systems.”
Comparable waste heat recovery construction and engineering companies include: Energy Recovery Inc. (Nasdaq: ERII), Foster Wheeler Ltd. (Nasdaq: FWLT), AECOM Technology Corp. (NYSE: ACM) and Jacobs Engineering Group Inc. (NYSE: JEC).
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 thirty five thousand dollars from MarketByte LLC, a shareholder of CGYV, 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.