Hybrid Technologies Inc. (OTCBB: HYBT) has been rated “Speculative Buy” with a target price of $5.12 by Beacon Equity Research Analyst, Victor Sula, PhD.
The full report is available at http://www.beaconequityresearch.com/
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In the report, the analyst writes, “Hybrid Technologies, Inc. (HYBT) is developing and marketing electric-powered vehicles and products based on advanced lithium battery technology. The Company has developed a proprietary advanced lithium management and battery-balancing system and is converting vehicles from conventional gasoline and diesel fuel systems to electric power. HYBT has converted several test vehicles to electric power, including Chrysler PT Cruisers, Mini Coopers, Chrysler Crossfires and Mercedes' Smart cars, and is commencing production of its Mini Cooper lithium hybrid. The Company is also converting two-wheeled and three-wheeled vehicles such as bicycles, motorcycles, small ATV’s and vehicles for the handicapped into lithium-powered products.”
The analysts contributing to this report do not hold any shares of Hybrid Technologies Inc. (HYBT). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon has directly been compensated a total of seven thousand five hundred dollars from a non-controlling third party (InvestSource Inc.) for enrollment of HYBT in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
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