NEW YORK, Jan. 13, 2014 /PRNewswire/ -- SeeThruEquity, a leading New York City based independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has initiated coverage on Telkonet, Inc. (OTCQB: TKOI), a U.S.-based manufacturer of EcoSmart, an intelligent energy management platform and EthoStream, one of the largest high-speed Internet access providers in the world.
"TKOI had a very solid second half in 2013 with record backlog of $3 million, the announcement of two separate agreements with GSE Management, a leading energy management solutions provider in Mexico and with ProTec Mechanical Contractors Aruba NV to be a preferred reseller. In November, Telkonet was selected as one of the winners in the joint 2013 Defense Energy Technology Challenge program," stated Ajay Tandon, Chief Executive Officer of SeeThruEquity. "We view Telkonet as an attractive opportunity in the Clean Technology market and have set a price target of $0.46 per share."
The report is available to SeeThruEquity Select Members on SeeThruEquity's website and can be directly accessed here: TKOI Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack's. The report will also be available on these platforms.
The investment opinions expressed in its report are solely those of SeeThruEquity. SeeThruEquity has not been compensated for the preparation of its initiation report by any third party or by TKOI. SeeThruEquity has been compensated for the preparation and dissemination of this press release only.
SeeThruEquity is an investment research and corporate access firm focused on smallcap and microcap public companies. The research is not paid for and unbiased. The company does not do any investment banking or trading and does not own any of the stocks it covers. SeeThruEquity is an approved contributor on Thomson First Call, CapitalIQ, FactSet, and Zack's. The firm also distributes its research to an audience of opt-in investors and has over 50 companies under coverage. SeeThruEquity also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street. For more information visit www.seethruequity.com.
About Telkonet, Inc.
Telkonet is a U.S.-based manufacturer of EcoSmart, an intelligent energy management system and EthoStream, one of the largest high-speed Internet access providers in the world. Telkonet offers green technology hardware, software and services to worldwide markets. For more information, visit http://www.telkonet.com.