Alterra Power MGMXD

Canaccord Genuity rates Alterra a buy with a six-t

[carlson8]

The malaise in the renewable energy sector is partly an after-effect of the 2008 financial crisis, said Canaccord Genuity equity analyst Jared Anderson, as investors stung by the financial crisis seek safer investments that pay a dividend.
“Generally, there’s a preference for yield right now and most of the small developers aren’t in a position to pay a dividend,” Anderson said in a phone interview.
He rates Alterra a buy with a six-to-12-month target price of $1.55, 67-per-cent higher than Thursday’s closing price of 93 cents a share. “As projects progress closer to their in-service dates and major development milestones are reached, we see the value of [Alterra Power Corp.] increasing,” he stated in a May 13 report.

Read more:https://www.vancouversun.com/business/could+become+renewable+energy+superpower+MacDonald+says/4816993/story.html#ixzz1NCEymE80