Canaccord Adams Initiates Coverage on Lime Energy (LIME) with a Speculative Buy; "One-Stop Shop" for Energy Efficiency Services
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Canaccord Adams initiates coverage on Lime Energy (Nasdaq: LIME) with a Speculative Buy, price target $9.
Canaccord analyst says, "Green building and energy efficiency are among the major business trends of the 21st century, in our view. Volatile energy prices, global environmental concerns, and the adoption and “mainstreaming” of green building standards are all key drivers of the green building/energy efficiency movement...Lime Energy represents a “play” on the rapidly growing trend toward energy efficiency/sustainability with the corporate and public sectors...With its national presence, Lime Energy is a “one-stop shop” for energy efficiency and renewable energy services. Lime provides a comprehensive range of services, from consulting through implementation to performance evaluation. We believe Lime is on the verge of turning profitable and is on track to generate strong 40%-plus revenue growth this year."
To see more analyst ratings on LIME Click Here.
Lime Energy Co. provides energy efficiency solutions that enable its clients to reduce their energy-related expenditures and the impact of their energy use on the environment.
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