Dutton Associates recently updated its coverage of Lime Energy (LMEC.OB), resulting in the maintaining its rating of “Strong Speculative Buy” and increasing its target price to $2.50.
The 10-page report by Dutton senior analyst Richard West, CFA is available at http://www.jmdutton.com/.
Lime Energy is now one of the nation’s leading energy efficiency technology and engineering companies.
Through its recent acquisitions, Lime Energy brings together more than 75 years of experience in design, engineering, and installation of energy efficient solutions, providing customers with guaranteed savings and high returns on invested capital.
It is a changed company, not only in name but also in substance. From a company dependent upon a non-revenue producing business plan, Lime Energy’s two primary business segments are creating revenue and profitability is expected in the near future.
Major positives for Lime Energy are its new infrastructure, its 21 plus sales team, its three operating companies, that have created the potential for revenue and earnings growth toward profitability in the coming quarters.
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