Needham & Company Reiterates a 'Buy' on Maxwell Technologies (MXWL); Voith Turbo Starting To Scale

Needham & Company reiterates a 'Buy' on Maxwell Technologies (NASDAQ: MXWL) price target of $23.00.

Needham analyst says, "The announcement by Voith Turbo (last month—Not Rated) to incorporate Maxwell Technologies' ultracapacitors in hybrid drive systems for transit buses in North America (N.A.) is starting to scale. We believe order visibility into the other transit engagements such as those in Europe and China (i.e. Yutong) could also start to improve with the company well-positioned to benefit from the electrification of transportation. In our view, the recent pullback in MXWL shares presents a Buying opportunity."

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 $17.81 yesterday.

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