Earning Buzz – EnSync, Inc. (NYSEMKT:ESNC)

EnSync, Inc. (NYSEMKT:ESNC) ended at $0.518 with gain of +7.917% and exchanged 523.34 thousand shares. The company has a one year low of $0.310 and a one year high of $1.420. After trading session start at $0.500, the stock price was observed striking $0.529 as a top level and $0.495 price is seen as the lowest level. The stock has a market cap of $24.87M.

EnSync, Inc. (NYSE American: ESNC) recently declared results for the fiscal year 2017, ended June 30, 2017.

Recent Highlights

  • Fiscal 2017 revenues of $12.5 million increased by 6 times that of fiscal 2016 revenues of $2.1 million;
  • In fiscal year 2017, EnSync Energy sold 12 power purchase agreements (PPAs) across both commercial and industrial (C&I), as well as residential, applications including Spectrum (formerly Time Warner), University of the Nations, Easter Seals, and the Villages of Kapolei;
  • Introduced DER Flex™, EnSync Energy’s proprietary technology that enables aggregation and monetization of distributed energy resources, such as solar and energy storage, in utility and ISO markets;
  • Non-PPA deployments of the Matrix Energy Management platform and DER Flex Internet of Energy software occurred with key customers, including Schneider Electric, ENMAX, a major utility in Calgary, Alberta, the Chemehuevi Native American tribe’s community center in San Bernardino County, and the Alliance for Sustainable Colorado in Denver;
  • Signed collaboration agreement with Schneider Electric to explore distributed energy resource technology and market opportunities;
  • Announced an expanded focus on the utility market segment through the creation of a utility market vertical in the company;
  • Designed and managed the Smart Energy Microgrid Marketplace on-site microgrid demonstration system at Solar Power International (SPI), one of North America’s biggest solar trade conferences;
  • Initial deployment of the EnSync Energy SuperModule™, 20-foot containers that can quickly be placed and connected at the site, containing both power controls and energy storage;
  • Acquired DCfusion, a direct-current (DC) system consulting, engineering and policy expertise firm which strategically aligns with EnSync Energy’s technologies and target markets;
  • The Company’s backlog as of today totals approximately $13.0 million in estimated value at time of sale, up 125% from the Q4 2016 earnings call; and
  • Cash balance at the end of June 2017 was $11.8 million.

EnSync, Inc.’s stock price highlighted upward to its 52 week low with +67.097% and disclosed  down from its 52 week high with -63.521%. The stock price has 50-SMA of $0.408 its 200-SMA recorded at $0.508. Analysts expect to hit $1.280 target price in next one year.

Richard Morris

Richard Morris has practical experience in politics and current affairs. Before going along with US Stock Journal Content Solutions Unit (CSU), he worked in a senior article part at Wall Street and Technology where he provided details regarding all viewpoints at the crossing point of politics. Connect to Richard richard@usstockjournal.com