Needham Defends Maxwell (MXWL) Following Earnings; Upgrades to Buy
More News related to MXWL
- Maxwell Technologies CEO David Schramm to Present at Thomas Weisel Alternative Energy Conference in New York
- Ardour Capital Downgrades Maxwell Technologies (MXWL) to Reduce
- Needham Defends Maxwell (MXWL) Following Earnings; Upgrades to Buy
- Morning Movers 11/04: MPAC, ABK, GNVC, RHB, IRE, PACR Higher; STEC, CLRT, VG, TRLG, ANSW Lower
- Piper Jaffray Downgrades Maxwell Technologies (MXWL) to Underweight; Valuation Call
An analyst at Needham is sticking his neck out and defending shares of Maxwell Technologies (Nasdaq: MXWL) this morning, upgrading the stock following a Q3 loss reported last night. Shares have tumbled nearly 11% today, most recently trading at $16.90.
The Needham analyst lifted his investment rating on the stock from Hold to Buy, also setting a $25 price target.
Elsewhere on the Street, we have analysts from Piper Jaffray and Ardour Capital downgrading the stock following the disappointing earnings. These firms have $12 and $16 price targets on the stock, respectively.
To see all the upgrades/downgrades specifically for shares of Maxwell Tech, visit our Analyst Ratings page.
Maxwell Technologies, Inc. engages in the development, manufacture, and marketing of energy storage and power delivery products.
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Maxwell & Green Energy
Tim on Nov 4, 2009 07:03 PMGlad to see someone with a little foresight! I personally believe $25 is a reasonable target for the end of this year. Next year is going to be phenomenal. This company is poised to capitalize on an emerging industry, and it all revolves around 'green' cars, energy, smart grids, etc. Also- the Q3 results were NOT disappointing, they were inline with analysts' consensus. I can only wonder if those downgrading are hoping to make an impact so they can buy big and ride the wave coming. I'll go farther than Needham... those not buying are missing out, and you can't say you didn't know... do some research on Maxwell and you will understand it doesn't take much to connect the dots to the future with this company.