Canaccord Genuity Initiates Coverage of NGP

JUAN PLESSIS, Canaccord Genuity (03/29/2011)
"We are initiating coverage of Nevada Geothermal Power with a BUY rating and CAD$0.85 target price. We believe the stock has considerable upside potential if development milestones are reached in a reasonable timeframe and/or existing government incentive programs are extended; however, we prefer to remain conservative in our valuation and target price until we see evidence of project advancement or that incentive programs will continue."

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: