WorldWater & Power Research Note Issued by Investrend Research Affiliate Beacon Equity Research
2005-09-12 08:30 ET - News Release
NEW YORK -- (Business Wire) -- Sept. 12, 2005
(Investrend Research Syndicate) A new research note was
issued on WorldWater & Power Corp. (OTCBB: WWAT) by Investrend
Research Affiliate Beacon Equity Research analyst Shailesh Dhuri. In
the report, Mr. Dhuri outlines some of the reasons for the stock's
recent appreciation.
The full report is available at
[URL]http://www.beaconequityresearch.com[/URL] and
[URL]http://www.investrendresearch.com[/URL]
In the report Mr. Dhuri writes, " WorldWater Corporation is an
international solar engineering and water management company. It
designs, develops and markets technology relating to solar energy and
water engineering. It is the world's sole provider of cutting edge,
patented, high-volume solar powered water pumping technology with
diverse commercial applications, capable of driving commercial motors
of up to 650 horsepower.
The Company has made some encouraging announcements in the past
few months. These announcements, coupled with strong macro environment
for alternative energy companies has helped the stock price of the
Company cross our price target of $0.62 in last few days - up more
than 150% since our last report on the firm in May.
WorldWater recently announced a $4 million funding deal with a
leading hedge fund. This financing has achieved two things for the
Company. First, when completed it will substantially narrow or even
eliminate the negative net-worth of the Company. Second, it shows that
professional money managers are willing to back this Company, given
strong macro fundamentals of alternative energy companies, and also
the strong order book at WorldWater.
WorldWater has secured a recapitalization of its operations, which
will help the Company grow. In addition, we view the entry into
Chinese market favorably."
Beacon Equity Research, LLC is a fee-based, comprehensive
investment research firm, focusing primarily on the underserved
small-cap sector. All Beacon analysts are seasoned industry
professionals and adhere to the CFA Institute's (CFAI) stringent
ethics and standards of practice guidelines. Beacon Research does not
have any investment banking relationships with any of the companies
covered. All analysts are compensated prior to performing their
investment research and are not compensated in any way based on the
future performance of the equities they follow.
Both Beacon Equity Research and Investrend subscribe to the
" Standards for Independent Research Providers" at
[URL]http://www.firstresearchconsortium.com.[/URL] Beacon Research Partners has
been compensated $9,000 by Pasadena Capital Partners, for a one year
continuation of its research program.
Complete information is available at the company's InvestorPower
page at [URL]http://www.investrend.com/company/list.asp?sPathParam=yes.[/URL]
Investors are advised to read disclosures carefully before trading in
the equities of any enrolled company.
Anyone interested in receiving alerts regarding WorldWater & Power
Corp. research should email [EMAIL]contact@investrend.com[/EMAIL] with " WWAT" in the
subject line.
Contacts:
Beacon Equity Research
Jeff Bishop, 972-200-5519
[EMAIL]editor@beaconequityresearch.com[/EMAIL]
[URL]www.beaconequityresearch.com[/URL]
or
Investrend Research
R. Hempel, 718-896-5060
[EMAIL]contact@investrend.com[/EMAIL]
[URL]www.investrendresearch.com[/URL]
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