July 10, 2008
BioSolar Inc. Reiterated ‘Speculative Buy,’ Target Price $1.37 By Beacon Equity Research
BioSolar Inc. (OTCBB: BSRC) receives reiterated Speculative Buy with a price target of $1.37 by Beacon Analyst, Victor Sula, Ph.D.
The full report is available at http://www.beaconequity.com/adpages/BSRC.Anyone interested in receiving alerts regarding BioSolar Inc. research should e-mail [email protected] with "BSRC" in the subject line.
In the report, the analyst writes, "Strong demand for alternative energy resources and record oil prices are fueling rapid development of the solar energy sector and enhancing the prospects for strong worldwide solar market growth. The cost and environmental advantages of BSRC's technology should help position the Company as a leader in the fast-growing solar energy market."
Other companies in the oil and gas industry include First Solar Inc. (Nasdaq: FSLR), Evergreen Solar Inc. (Nasdaq: ESLR), Suntech Power Holdings Co. Ltd. (NYSE: STP) and WorldWater & Solar Technologies Corp. (OTCBB: WWAT).
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of 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 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. Additionally, Bluewave Advisors, affiliate of Beacon, has been contracted to receive fifteen thousand dollars a month directly from BioSolar for investor relations services. 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.