Analysts at Acceleron Equity Research have initiated coverage of Flux Power Holdings, Inc. (OTCQX: FLUX) with a BUY rating and a 12-month price target of $5.80/share based upon their detailed valuation model. The firm's BUY rating is based on the following: Flux Power Holdings, Inc. is the only U.S. based company that can deliver lithium energy storage solutions at or below the cost of lead acid battery storage solutions.Flux Power's technology allows large format, high production, lower cost lithium-ion batteries to perform at outputs and lifespan cycle productivity levels at levels of expensive, high performance lithium batteries for less than 50% of the cost.Flux Power delivers lithium energy storage solutions at prices well below $500/kilowatt hour (kw/hr.), a key metric of full systems profitability, compared to competitor's prices between $1,200 to $1,800/kw/hr.Flux Power's energy storage solutions provide cost effective solutions for several multi-billion dollar markets including: the lead acid battery replacement markets for forklifts, street cleaners and other industrial work vehicles, emergency power, back-up power, on and off-grid energy storage for wind and solar power generation and electric vehicles.The lead acid replacement market for new electric forklifts alone is an annual $3 billion market. If Flux Power can capture 5% of this market, it would equate to $150 million in revenue. Flux Power has 40 active customers, most under NDA, signed to development and supply contracts including Hyster-Yale Materials Handling (HY) and GreenTech Automotive.Flux Power has shipped over 14 megawatts of energy solutions since it launched their products in 2010.
The full equities research report is now available for download to accredited investors at:http://acceleronequity.com/FLUX_REPORT_112912.pdf
Flux Power Holdings, Inc., is an innovator in providing high performance, low cost, lithium-ion energy storage solutions. Utilizing their proprietary technology and outsourced high production, low cost lithium-ion batteries, Flux Battery Management System Modules deliver high performance large format energy storage systems at a fraction of the price of competitors and at or below the price of competing lead acid battery systems. Flux Power has solutions for several multi-billion dollar markets including Lead acid battery replacement, power storage and consumer and industrial electric vehicles.
About Acceleron Equity Research: Acceleron Equity Research is a market intelligence service that delivers long and short trading ideas. Their focus is on identifying and analyzing technically-complicated companies and equities that are grossly over or under valued. The firm offers a subscription model product to investors and funds with an emphasis in the emerging markets.
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