Skyx Platforms initiated with a Buy at Litchfield Hills

Litchfield Hills initiated coverage of Skyx Platforms (SKYX) with a Buy rating and $5 price target The company’s plug-and-play SkyPlug ceiling and wall receptacle technology is approved in the National Electrical Code and its strategy mirrors Qualcomm’s (QCOM) licensing model, says the analyst, who sees the potential for the technology to become the smart home standard being “undervalued.”