Dutton Associates continues its coverage of Chapeau, Inc. dba BluePoint Energy, Inc. (OTCBB:CPEU) upgrading in an August 7 research note its rating to Strong Speculative Buy and increasing its price target to $2.10. The research note dated August 7, 2006 by Dutton senior analyst Richard West, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Knobias, Reuters, and other leading financial portals.
Chapeau, Inc., d/b/a BluePoint Energy, Inc., announced a $7.0 Million Master Agreement With Macy's East To Provide Energy Conservation Services over a 10 year period. The initial project under the Master Agreement should provide approximately $2.3 million in revenue to Blue Point. Additional contract announcements are to be announced shortly. We are raising our rating to Strong Speculative Buy and increasing 12-month price target to $2.10 per share.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 31 senior analysts are primarily CFAs and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $33,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $58,000 from the Company for 8 Research Reports with coverage commencing on 7/09/2004. We do not accept payment of our fees in company stock. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.