COMPANY OVERVIEW: Midwest Energy Emissions Corp. (MEEC) is an environmental services company which delivers best-in-class patented solutions for mercury emission control technologies for coal-fired utilities. The company's...
NBT Equities Research: Initiating Coverage on Midwest Energy Emissions Corp. (MEEC): $5 Target
Meec introductory presentation jan 2015 copy
COMPANY OVERVIEW: Midwest Energy Emissions Corp. (MEEC) is an environmental services company which delivers best-in-class patented solutions for mercury emission control technologies for coal-fired utilities. The company's proprietary technology allows America’s coal-fired utilities to meet the EPA's stringent 2015 standards for mercury emissions in the most cost-effective manner (up to 50% lower) than status quo solutions and without disrupting the important $450 million annual market for recycled fly ash utilities sell to the cement industry.
INVESTMENT CONCLUSION
With the recent overwhelming validation of MEEC’s best-of-breed mercury remediation technology…winning 41 out of 42 head-to-head technology competitions and 5 utility company clients representing 15 coal-fired energy generating units (EGUs)…MEEC will continue to win significant market share >10% and highly forecastable multi-year recurring revenue contracts in the impending $2-$3 billion a year business of EPA mandated U.S. mercury remediation which starts April 15th, 2015.
We are initiating research coverage of MEEC with a BUY rating and $5 target based on our FY 2017 estimate range of .45-.50 per share EBITDA from MEECs high operating leverage business model.
Click here to view our Initiating Coverage Report for MEEC
Founder and Editor-in-Chief for NBTEquitiesResearch.com. Contributor and Anchor for the Fox News Channel and Fox Business Network 2000-2013. Chairman & CEO of NBT Group, Inc., a boutique private capital investment bank and investor relations organization.
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