UPDATE: Rodman & Renshaw Initiates Active Power at Market Perform

Rodman & Renshaw is out with its report today on Active Power (NASDAQ:

), initiating ACPW at Market Perform. In its report, Rodman & Renshaw writes, "We are initiating coverage on Active Power, Inc. with a Market Perform rating. ACPW ‘s flywheel based UPS has industry-leading efficiency ratings and competes favorably with traditional batterybased and rotary competitors on a total cost of ownership basis, including greater reliability, a smaller footprint, ability to operate in hot or cold environments and greater efficiency." At the time of posting, shares of ACPW were trading at $1.45, up 2.11% from Thursday's close.