July 1 -
Research Update Issued on XsunX, Target Price $1.50 Reiterated by Beacon Equity Research
XsunX Inc. (OTCBB: XSNX) has been rated a “Speculative Buy” with a reiterated price target of $1.50 by Beacon Equity Research Analyst, Victor Sula, Ph.D.
In the report, the analyst writes, “With reserved capacity already approaching 145 MW, lower manufacturing costs per watt that will drive a rapid adoption of the TFPV modules and recent progress toward establishing commercial production, we believe XSNX remains on track to report meaningful revenues by year-end 2008 and achieve our $60 million revenue target in 2009.”
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