ST. LOUIS, Dec. 15, 2011 (GLOBE NEWSWIRE) -- Murphy Analytics (MA) was engaged by Investor Ideas to provide commentary on the market for Car Charging Group, Inc.'s (OTCBB:CCGI) electric vehicle charging solution. The article, entitled "Opportunity and Valuation in the Electric Vehicle Charging Market," provides an introduction to the potential growth of the electric vehicle market as well as a discussion of valuation in the sector. The article has been published by Investor Ideas and is available at: http://www.investorideas.com/news/2011/renewable-energy/12151.asp.
Analyst Patrick J. Murphy, CFA notes in the article: "With an estimated 842 vehicles per 1,000 citizens in the U.S. alone and the developing world's per capita vehicle ownership ratios still exponentially below those of the U.S., the potential market opportunity for EV's and the charging of EV's is challenging to quantify but not difficult to characterize as very large… it seems clear that the market is concluding that there is an opportunity to thrive in the car charging sector. Companies with strong systems, management teams, relationships and competitive positions may be worth a closer look for investors interested in finding a way to take advantage of what seems to be a rapidly expanding EV charging market."
About Murphy Analytics
Murphy Analytics is an independent investment research firm providing coverage of microcap and smallcap stocks. Utilizing institutional caliber, fundamental, bottom-up analysis, Murphy Analytics helps investors make informed investment decisions about equities without extensive analyst coverage, with a focus on small-cap and micro-cap public stocks. Murphy Analytics LLC is owned by Patrick J. Murphy, who has nearly 20 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's.
Disclosure: MA was compensated $550 by Investor Ideas to write this article. Neither MA nor the analyst owns or trades the shares of covered companies. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. This article represents neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this article does not provide investment advice.