analyst report28 Mar 2014 10:51
We believe that Acta's unique electrolyser technology is emerging as the most versatile, robust and cost-effective solution for generating hydrogen on-site for fuel cells. Evidence is also growing worldwide that the economics of fuel cells are now attractive for a number of multi-million US$ applications.
Five Acta Power units have been sold, and the device is the subject of negotiations for network evaluations involving 50 to 150 units per customer. We expect the current year to be the breakthrough year for Acta, but the current share price does not reflect this.
Taking a lead from the US fuel cell sector valuations, a share price move to 21p would not be inappropriate.
http://www.equitydevelopment.co.uk/emailview.php/?id=MTE1NA==
Thanks to JC on 3i