Might wanna watch MEEC a little closer at .55 following Zacks buy rec w/1.55 price target....Very strong outlook/forecast next two years.

 

Relaying a recent NBT on coverage stock MEEC.

 

Notable commentary within:  the company s top-line is poised to accelerate significantly over the next two years.

 

The stock took a hit yesterday to .55, but could be viewed as a buying op setup......Notice recent channeling / ability to jump back to .80s on a consistent basis intermediate term.

 

 

 

Zacks Gives Midwest Energy Emissions $1.55 Target—120%+ Gain in 6 Months

By Tobin Smith | May 18, 2015, 5:17pm GMT

 

 

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Zacks Research agrees with NBT Equity Research—there are big profits ahead for MEEC shareholders.

With $100 million in already contracted revenues from large U.S. power utility companies, Zacks rates MEEC stock a buy with a $1.55 target based on just $34M of 2016 revenues ($which is a $40 million annual run rate as 75% of new business comes on around April 15, 2016).

According to Zacks:

Midwest Energy Emissions is well-positioned to benefit from the Congressionally-mandated implementation of MATS. The company has exclusive rights to SEA Technology for the reduction of mercury emissions by coal-fired electric generating units. The technology has been commercially deployed and provides many advantages, including low cost of operation,flexibility for optimization and preservation of fly ash marketability. With five utility customer contracts covering 15 EGUs, the company s top-line is poised to accelerate significantly over the next two years.

We initiate coverage with a Buy rating and $1.55 six month target.

See the entire report here.

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