Needham & Company Downgrades Maxwell Technologies (MXWL) to Hold following Q3; Take a Temporary Pause

Article Related Press Releases (1) Related Articles (2) Related SEC Filings (1) Stock Quotes (1) Comments (0)

Needham & Company downgraded Maxwell Technologies (NASDAQ: MXWL) from Buy to Hold following Q3.

The firm comments, "The 3Q12 financial performance was better than anticipated due in part to strong gross margin performance. We are positive on Maxwell Technologies’ long-term prospects given the emerging opportunities for ultracapacitor deployment in multiple markets that include heavy-duty transportation, wind energy and auto. However, the lack of near-term financial visibility due to Europe market conditions and a hybrid bus drive system application issue is the basis for our downgrade to a Hold rating (from a Buy). We could likely become more positive on MXWL shares once these nearterm headwinds are overcome."

For an analyst ratings summary and ratings history on Maxwell Technologies click here. For more ratings news on Maxwell Technologies click here.

Shares of Maxwell Technologies closed at $7.61 yesterday, with a 52 week range of $5.81-$21.49.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
• RBC Capital Lifts PT on Marvell (MRVL) after 'Strong' Q1 Report
• Pandora (P) Posts 'Strong Quarter' - Needham & Company

Create E-mail Alert Related Categories

Analyst EPS View, Downgrades

Related Entities

Needham & Company

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?