I’m delighted that H.C. Wainwright & Co have joined a growing list of analysts with buy ratings for Envision’s (EVSI) stock. We recently reported that BTIG initiated coverage with a $25 PT. H.C. Wainwright & Co published a Buy rating with a $30 PT. The entire team here at Envision Solar looks forward to beating these targets.
You can read the opening paragraph of the report below, and please click this link for the full report.
Removing hurdles in clean energy infrastructure deployment. We are initiating coverage on Envision Solar with a Buy rating and a $30 price target. The company develops innovative charging and storage solutions that support the adoption of clean energy based transportation applications. The company’s modular charging solutions are grid independent and remove multiple layers of last mile hurdles ranging from construction to permitting, making deployment decisions easy. We believe grid-tied chargers can take an average of 18 months to deploy and trenching in certain geographies can cost up to $2,000 per linear foot. Compared to these hurdles, Envision’s offerings can be dropped at a location, do not require any construction or grid connection, and can be deployed in minutes. As an electric vehicle (EV) infrastructure play, we believe the company is benefiting from a significant tailwind associated with the ongoing electrification across the transportation sector where automotive OEMs have committed over $300B in investments. The company’s grid independent charging solutions, in our opinion, also could play a role in filling an estimated 1.5TWh daily electric power charging need that is emerging as EV adoption goes mainstream.
Desmond Wheatley, CEO Envision Solar.
Drive on Sunshine!