Dain Rauscher Wessels Announces Investment Opinion On Active Power, Ballard Power Systems Inc., Capstone Turbine, Fuelcell Energy, Intermagnetics General and Plug Power Inc.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by Dain Rauscher Wessels Dain Rauscher Wessels Initiates Energy and Power Technology Coverage With Ratings On Six Companies HOUSTON--(BUSINESS WIRE)--Oct. 11, 2001 Dain Rauscher Wessels analysts Jarett J. Carson and R. Thaddeus Vayda today initiated coverage on six energy and power techonology companies: -- Intermagnetics General (Nasdaq:IMGC), $26.09, with a Strong Buy-Average Risk rating and a six-month price target of $37. -- Ballard Power Systems Inc. (Nasdaq:BLDP), $23.55, with a Buy-Speculative Risk rating and a 12-month price target of $29. -- FuelCell Energy (Nasdaq:FCEL), $18, with a Buy-Speculative Risk rating and a 12-month price target of $24. -- Active Power (Nasdaq:ACPW), $4.64, with a Neutral rating. -- Capstone Turbine (Nasdaq:CPST), $3.47, with a Neutral rating. -- Plug Power Inc. (Nasdaq:PLUG), $9.25, with a Neutral rating. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Carson and Vayda, a look at the energy and power technology index highlights a 75 percent downward move during the past year, an inverted inverted reverse in position, direction or order. inverted L block a pattern of local filtration anesthesia commonly used in laparotomy in the ox. image of the 400 percent increase the prior year. "With this return to rationality, we find ourselves buyers of stories with compelling long-term value propositions." Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving Carson's and Vayda's research reports should call (612) 371-2239. Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, includes equity research, equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as , institutional equity sales and corporate finance. The division's 50 analysts focus on five industries: consumer, energy, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , health care and technology. Currently, the analysts follow nearly 500 companies. The division, which employs 550 people, has offices in Atlanta; Austin, Texas; Boston; Chicago; Dallas; Houston; Memphis, Tenn.; Menlo Park, Calif.; Minneapolis; New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; Paris; San Francisco; and Tel Aviv, Israel(a). Dain Rauscher Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. (NYSE NYSE See: New York Stock Exchange :RY), is one of the nation's largest full-service securities firms with 1,130 investment executives and 4,060 employees. The company's broker-dealer, Dain Rauscher Incorporated, serves individual investors and small business owners through offices located predominantly in the western half of the United States, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, Dain Rauscher Incorporated is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and other major securities exchanges, as well as the Securities Investor Protection Corp. The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St., in Minneapolis. Dain Rauscher Inc. makes a market in Active Power, Ballard Power Systems Ballard Power Systems (TSX: BLD, NASDAQ: BLDP), located in Burnaby, British Columbia -- a suburb of Vancouver -- is a company that designs, develops, and manufactures zero emission proton-exchange-membrane fuel cells. Inc., Capstone Turbine, FuelCell Energy, Intermagnetics General and Plug Power Inc. and may act as principal with regard to sales or purchases of these securities. Dain Rauscher Wessels' Research Ratings Legend can be viewed at www.rbcdrw.com/researchratings. Additional information on the securities mentioned is available on request. This does not purport to be a complete statement of all material facts related to any company, industry, or security mentioned. The information provided, while not guaranteed as to accuracy or completeness, has been obtained from sources believed to be reliable. The opinions expressed reflect our judgment at this time and are subject to change without notice and may or may not be updated. DRI See Digital Research. , its officers, directors, affiliates, and/or employees (including the authors of this report) may from time to time have a long or short position in publicly or privately issued securities of companies mentioned or derivatives thereof and may sell or buy such securities for their own or related accounts. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which said offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. (a)Strategic alliance with Tamir Fishman & Co. |
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