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Article Excerpt
M2 PRESSWIRE-31 January 2007-SmallCapStockWatch.com: VIASPACE Speculative Buy Rating in Update Coverage by Dutton Associates(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:31012007
Stocks to Watch: VIASPACE Inc. (OTCBB: VSPC), Synagro Technologies, Inc. (Nasdaq:SYGR), HydroFlo, Inc. (PinkSheets: HYRF), Palomar Enterprises (OTCBB: PLMA), New York Times (NYSE: NYT)
Featured Stock: VIASPACE Inc.
(OTCBB: VSPC) Current Price (0.55) www.smallcapstockwatch.com
Dutton Associates Announces Investment Opinion: VIASPACE Speculative Buy Rating in Update Coverage by Dutton Associates Tuesday January 30, 4:00 pm ET EL DORADO HILLS, Calif--Dutton Associates updates coverage of VIASPACE (OTCBB:VSPC - News) with a Speculative Buy rating and an $.85 price target. The 6-page report by Dutton senior analyst Rafael Kapelinski is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
We upgrade our rating on VIASPACE from Neutral to Speculative Buy following the recent weakness in the share price, better than expected revenues, and the accelerating interesting surrounding the use of portable fuel cells in consumer electronics among the large OEMs. Also, we are upgrading our 2006E and 2007E revenues estimates as the Company should see momentum following the recent agreements with Raytheon and L3. We set our price target at $0.85. Since our initiation, the Company's share price has declined approximately 50% in spite of...
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