New Research Update on BioSolar Inc. Issued By Beacon Equity Research
Posted on: Wednesday, 9 January 2008, 09:01 CST
New research update has been issued on BioSolar Inc. (OTCBB: BSRC) with a revised price target of $1.37 by Beacon Equity Research Analyst, Victor Sula, PhD.
The full report is available at http://www.BeaconEquityResearch.com
Anyone interested in receiving alerts regarding BioSolar Inc. research should email members@beaconequityresearch.com with "BSRC" in the subject line.
In the report, the analyst writes, "Since our initial report, BSRC's share price has surpassed our price target and now rests above $1.00. In addition the Company has increased its visibility within the investment community and improved trading volume and liquidity. The latest industry trends and Company developments discussed in the report are reasons we are raising our price target for BioSolar, Inc. to $1.37 and reiterating our Speculative Buy rating. BSRC's stellar growth in recent months reflects the Company's rapid progress towards commercializing its products and technology and industry trends that favor solar energy deployment."
Other companies in the solar development market include Suntech Power Holdings (NYSE: STP), First Solar Inc. (NASD: FSLR), Trina Solar (NYSE: TSL), and Evergreen Solar (NASD: ESLR).
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of BioSolar Inc. (BSRC) Additionally 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. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research has been compensated a total of fifteen thousand dollars and one hundred thousand restricted rule 144 shares from a non-controlling third party for enrollment of BSRC in this research program. 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. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Source: Business Wire
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