Needham & Company Reiterates a 'Buy' on UQM Technologies (UQM); Increasing EV Adoption

May 25, 2012 8:05 AM EDT
Get Alerts UQM Hot Sheet
Price: $0.47 --0%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 30 | New: 8
Trade UQM Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Needham & Company

Add Your Comment