SAN FRANCISCO, Feb. 10, 2012 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), initiated equity research coverage on Enova Systems, Inc. (NYSE-AMEX: ENA) ($0.39) on February 8, 2012 with a Buy rating. (Logo: http://photos.prnewswire.com/prnh/20100914/SF64919LOGO) Enova Systems is a clean technology company that focuses on the production and marketing of power management and conversion systems for the automotive industry. Research analyst, Jesse Herrick, highlighted these themes in his initiation report: Green for Free (GFF) program will be a game-changer for Enova and the step van market. Enova formed an alliance with FCCC in November 2011 to initiate the GFF program under which FCCC's All-Electric Step Van chassis will be powered by Enova's Omni drive system. FCCC has a 90% market share of the U.S. and Canadian diesel-driven medium-duty commercial vehicle space with customers including UPS, FedEx, Cintas, and Aramark available to provide a ready market ...
4,436 total articles have been posted to this entity.
Click Here to Sign-Up for StreetInsider.com Premium to View All
