EVEN YEHUDA, Israel, Dec. 4, 2013 /PRNewswire/ -- Blue Sphere Corp. (OTCBB: BLSP) (the "Company" or "Blue Sphere"), a company in the Cleantech sector as a waste-to-energy and clean energy project integrator, has been rated a BUY by Acceleron Equity Research in its coverage report dated December 3rd.
Today, December 4th, Acceleron updated the report to reflect the 113 to 1 reverse split effected by Blue Sphere. Acceleron maintained their BUY rating and changed their 12-month price target to a split adjusted $1.61/share.
The Initiation report can be found here: http://acceleronequity.com/Acceleron_BLSPReport.pdf
The Updated report can be found here: http://acceleronequity.com/Acceleron_BLSPReportUpdate1.pdf
For further information please contact Mark Radom at 972 52 798 0831 or firstname.lastname@example.org.
About Blue Sphere Corp.
Blue Sphere Corp. is a company in the cleantech sector as a waste-to-energy project Integrator. Blue Sphere develops waste-to-energy and other renewable energy projects. The Company aspires to become a key player in the global waste-to-energy and renewable energy markets. For further information please visit the Company's website www.bluespherecorporate.com
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Litigation Reform Act of 1995, which are subject to risks and uncertainties and may change at any time. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding our ability to obtain adequate financing on a timely basis including financing for specific projects, (ii) the financial and operating performance of our projects after commissioning, (iii) uncertainties regarding the market for and value of carbon credits and other environmental attributes, (iv) political and governmental risks associated with the countries in which we operate, (v) unanticipated delays associated with project implementation including designing, constructing and equipping projects, as well as delays in obtaining required government permits and approvals, (vi) the development stage of our business and (vii) our lack of operating history. As such, there is no assurance that the initiatives described in the press release will be successfully implemented or meet expectations.
The Company assumes no obligation to update the information in this release.
SOURCE Blue Sphere