UPDATE: Ascendiant Capital Initiates Active Power with Buy on Disruptive Tech Traction
In a report published Tuesday, Ascendiant Capital analyst Carter W. Driscoll initiated coverage on Active Power (NASDAQ: ACPW) with a Buy rating and $5.25 price target.
In the report, Driscoll noted, “Active Power designs and manufactures highly energy-efficient, small footprint flywheel-based uninterruptible power supply (UPS) systems and containerized backup power solutions aimed at the data center vertical and other end markets. The company's next-generation, patented flywheel UPS systems are disrupting conventional battery-based UPS systems. Active Power's ‘green' solutions achieve better efficiencies, provide greater reliability, offer a smaller footprint and a lower total cost of ownership than competing solutions, allowing the company to gain market share.”
Active Power closed on Monday at $4.47.
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