BioSolar, Inc. (BSRC) is focused on developing innovative bioplastic solar cell components made from renewable plant sources. The Company’s technology can be used to help reduce the manufacturing cost per watt of solar cells, and anticipates that the use of its bio-based plastics in solar cell production will result in substantial cost savings.
High volume manufacturing of solar cells using bio-based plastic components, rather than petroleum-based plastic components, could produce both cost and environmental benefits. The Company is targeting the market for solar cell back sheets, substrates and superstrates and plans to exploit the cost and application diversity advantages associated with its renewable bioplastic components.
BioSolar’s management team combines more than 100 years of engineering and technical experience in marketing, sales and corporate management, in addition to the areas of plastics and film development. The Company’s management and advisory team have held senior management and technical positions with many technology companies, including Applied Reasoning, Inc., RF-Link Technology, Inc., TRW Transportation Electronics, DuPont, Texas Instruments and GRT Inc.
The senior analyst who wrote the report concluded, “Industry conditions, characterized by tight supply and high prices for silicon, should facilitate rapid market acceptance of BSRC’s bioplastic products and enable the Company to quickly build meaningful market share. As a result, we are initiating coverage of BSRC with a Speculative Buy rating and a $0.84 price target, based on a 17 times P/S multiple of our 2008 revenue estimate.
Let us hear your thoughts below:
