PiezoMotor: Piezo entering next growth phase

Redeye initiates coverage of PiezoMotor, a producer of small piezoelectric motors for niche applications. The company is an established player with exciting prospects going forward. We believe the coming launch of a new product for high-volume applications will yield strong sales growth and increased profitability, due to strong operating leverage. However, a stretched valuation means limited upside until additional catalysts occur..