Needham & Company Reiterates a 'Buy' on UQM Technologies (UQM); Increasing EV Adoption
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Price: $0.82 -1.2%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade UQM Now!
Needham & Company reiterates a 'Buy' on UQM Technologies (NYSE: UQM) price target lowered from $4 to $3.
Analyst, Michael Lew, said, "The quarterly results reflect increasing demand across multiple initiatives. The important near-term one, in our view, is
CODA Automotive, which is 'sold out' through July. We expect sales to trend upward as CODA increases production volumes and heavy-duty programs such as UPS through Electric Vehicles International (EVI) also generate more
meaningful revenues."
FY13 EPS estimate lowered from $0.18 to (0.01).
For an analyst ratings summary and ratings history on UQM Technologies click here. For more ratings news on UQM Technologies click here.
Shares of UQM Technologies closed at $1.14 yesterday, with a 52 week range of $1.10-$2.70.
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Analyst, Michael Lew, said, "The quarterly results reflect increasing demand across multiple initiatives. The important near-term one, in our view, is
CODA Automotive, which is 'sold out' through July. We expect sales to trend upward as CODA increases production volumes and heavy-duty programs such as UPS through Electric Vehicles International (EVI) also generate more
meaningful revenues."
FY13 EPS estimate lowered from $0.18 to (0.01).
For an analyst ratings summary and ratings history on UQM Technologies click here. For more ratings news on UQM Technologies click here.
Shares of UQM Technologies closed at $1.14 yesterday, with a 52 week range of $1.10-$2.70.
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