EchoStar's 3-Part Growth Plan Could Boost Stock Eventually: Quilty

EchoStar's three-prong Horizons growth plan unveiled in a call with analysts last week could help boost the stock down the road if investors believe it can achieve new growth, Quilty Analytics wrote investors Monday. Quilty said the near-term effects of the first prong -- which involves directing its efforts internally on the most scalable and profitable regions and simplifying and centralizing its business structure -- "will likely be muted." EchoStar CEO Hamid Akhavan said on the call the second prong is a focus on organic growth, including looking at ways to best monetize fleet capacity once its Jupiter 3 starts offering service. EchoStar said it also is looking for potential complementary acquisitions and plans to go after growth using low earth orbit/geostationary orbit hybrid offerings. Akhavan said the third prong is looking for long-term growth avenues, "including commercialization of our S-band assets and potential M&A opportunities."