Goldman Small Cap Research Initiates Coverage of ecoTECH Energy Group, Inc. (OTCBB: ECTH)
Baltimore, Maryland---Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, has initiated research coverage of ecoTECH Energy Group, Inc. (OTCBB: ECTH), an innovative renewable energy company. ecoTECH is on track to manufacture biomass-fueled, zero-carbon footprint, power stations that produce renewable and sustainable “green” energy supply along with biomass-based alternatives to coal for sale to customers abroad.
The renewable energy industry is expected to reach more than $250 billion by 2017. Worldwide initiatives and government mandates are driving the implementation and utilization of renewable sources of energy and fuel. A key driver for ecoTECH is the fact that power generated from biomass, the most renewable energy source in the world, is expected to grow from roughly one percent 3 years ago to nearly six percent in 2035.
In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis.
“In our view, ecoTECH has significant, inherent advantages in the renewable energy industry based on its innovative strategy and mode. As a result, we believe that ECTH is the best way to play the green energy space. Investors should expect that the Company will generate considerable profitability once its first facilities are operational and that the model will likely be replicated in many other markets. The stock is likely to be news-driven in the near-term, but a number of milestones, including financing, receipt of a $6 million payment from its large customer in Latin America, and other events, should drive the stock and its valuation higher.”
To view a summary of the report or download the report in its entirety, please visit http://www.goldmanresearch.com/index.php?option=com_docman&Itemid=40
About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces small cap and micro cap stock market research reports and weekly investment newsletters. For more information, visit www.goldmanresearch.com.
A Goldman Small Cap Research report is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. Please read the report’s full disclosures and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer. To download our research, view our disclosures, or for more information, visit www.goldmanresearch.com.
About ecoTECH Energy Group, Inc.: ecoTECH Energy Group, Inc. (OTCBB: ECTH) Headquartered in Seattle, Washington, ecoTECH Energy Group, Inc. is an early stage renewal energy company. ecoTECH is on track to manufacture biomass-fueled, zero-carbon footprint, 24/7, power stations that produce renewable and sustainable “green” energy supply. Leveraging its proprietary technology, ecoTECH plans to build 5 of these Combined Heat and Power (CHP) Power Stations in North America to provide electricity, using local wood waste biomass. The Company is also using its technology to produce Torrefied Wood Briquettes for use as an alternative to coal. ecoTECH has recently been awarded a $36M contract for its waste-to-concrete offerings. For more information, visit www.ecotechenergygroup.com
Contact:
Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com
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