Canaccord Genuity Maintains a 'Buy' on Nexxus Lighting (NEXS); It's Now All About Execution
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Price: $0.01 --0%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 64
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 64
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Canaccord Genuity maintains a 'Buy' on Nexxus Lighting (NASDAQ: NEXS), PT $5.
Canaccord analyst says, "The company has a great opportunity in the initial build-out for Lowe’s (NYSE: LOW) in the next few quarters, which we estimate could total over $3M in sales. Further growth ultimately depends on sell-through, but we feel Array sales could reach $8M - $10M on somewhat conservative turns estimates. The larger opportunity, however, lies in 2012 and beyond as price reductions and utility rebates should drive SSL awareness and momentum. It is also important to note that growth could come from the remaining 500+ Lowe’s, which have yet to adopt the Nexxus SKUs."
For more ratings news on Nexxus Lighting click here and for the rating history of Nexxus Lighting click here.
Shares of Nexxus Lighting closed at $3.16 yesterday.
Canaccord analyst says, "The company has a great opportunity in the initial build-out for Lowe’s (NYSE: LOW) in the next few quarters, which we estimate could total over $3M in sales. Further growth ultimately depends on sell-through, but we feel Array sales could reach $8M - $10M on somewhat conservative turns estimates. The larger opportunity, however, lies in 2012 and beyond as price reductions and utility rebates should drive SSL awareness and momentum. It is also important to note that growth could come from the remaining 500+ Lowe’s, which have yet to adopt the Nexxus SKUs."
For more ratings news on Nexxus Lighting click here and for the rating history of Nexxus Lighting click here.
Shares of Nexxus Lighting closed at $3.16 yesterday.
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