Needham & Company Reiterates a 'Buy' on UQM Technologies (UQM); Auto Show Could Yield Insight into Coda Automotive

November 14, 2011 7:52 AM EST
Get Alerts UQM Hot Sheet
Price: $0.46 -2.13%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Needham & Company reiterates a 'Buy' on UQM Technologies (NYSE: UQM) price target of $4.00

Needham analyst says, "Coda Automotive is likely to be the company’s primary revenue source in the near-term. A potential hindrance to mass adoption could be the price of the electric vehicle (EV) relative to others currently in the market place (such as the Nissan Leaf or Mitsubishi i-MiEV). We believe the L.A. Auto Show could provide additional insight into Coda’s go tomarket strategy and serve as a catalyst for UQM shares."

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 $1.94 yesterday.

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