Solar in Canada

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Globe says Garcea targets ARISE at $3.60

2007-12-21 05:45 MT - In the News

The Globe and Mail reports in its Friday, Dec. 21, edition that ARISE Technologies jumped 15 cents to close on the TSX Venture Exchange Thursday at $2.03. The Globe's Allan Robinson writes in the Eye On Equities column the stock has a one-year trading range of 41 cents to $3.30. ARISE is a solar energy technology company. ARISE will begin trading Friday on the Toronto Stock Exchange after being delisted from the TSX Venture Exchange. The move should open it up to a broader array of shareholders, says Haywood Securities analyst Ralph Garcea. Mr. Garcea rates ARISE "sector outperform." Mr. Garcea targets the stock at $3.60. Creststreet Alternative Energy Fund manager Steve Martin said buy ARISE stock in The Globe on Dec. 14. At the time the stock was trading at $1.95. Mr. Martin said he was bullish on the whole solar energy industry, compared with other alternative energy groups, such as wind power. Clarus Securities analyst Carolina Vargas said she liked ARISE in The Globe on Sept. 9. She rated the stock "buy." It was then trading at $1.05.