3Power Energy Group Inc (PSPW)

[narnia1000]

Oct. 2010 earnings, and price projection by SISM Research & Investment Services :

Independent power producers typically trade on an EBITDA basis
and at EV/EBITDA multiples of 10 to 15x. Using a 10x EV/EBITDA
basis, we arrive at a long-term 18 to 36 month share price target of $5.80, based on our 2011 EBITDA of $42.7M, and we assume a total of 75M shares outstanding. We note that 10x EV/EBITDA is at the low end of the European solar power producer. There is no publicly traded pure-play solar IPP comparable to Prime Sun Power and most of the comparables are mainly wind generators, which, due to the higher risk revenues and higher cost of capital, should trade at a lower multiple than Prime Sun.

Keep in mind that this was a pre-merger projection.