UPDATE: Dougherty & Co Starts Quantum Fuel Systems (QTWW) at Buy (Earlier)
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Price: $0.08 --0%
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
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(Updated - March 25, 2014 12:59 PM EDT)
Dougherty & Co initiated coverage on Quantum Fuel Systems (NASDAQ: QTWW) with a Buy rating and a price target of $12.50.
Analyst Gregory J. McKinley said, "We believe QTWW's position as a leading manufacturer of CNG fuel storage products positions it for significant revenue growth and the emergence of positive EBITDA and operating income in 2014. We are initiating coverage of QTWW with a Buy rating and $12.50 price target, which reflects 3x EV/2016E revenues. We believe QTWW shares can earn a premium multiple on sales given: 1) QTWW's large market opportunity and its leading role within it, 2) the sustainable economic drivers of transportation fuel conversion to natural gas, and 3) QTWW's emerging operating leverage on rapidly growing revenues."
For an analyst ratings summary and ratings history on Quantum Fuel Systems click here. For more ratings news on Quantum Fuel Systems click here.
Shares of Quantum Fuel Systems closed at $9.29 yesterday.
Dougherty & Co initiated coverage on Quantum Fuel Systems (NASDAQ: QTWW) with a Buy rating and a price target of $12.50.
Analyst Gregory J. McKinley said, "We believe QTWW's position as a leading manufacturer of CNG fuel storage products positions it for significant revenue growth and the emergence of positive EBITDA and operating income in 2014. We are initiating coverage of QTWW with a Buy rating and $12.50 price target, which reflects 3x EV/2016E revenues. We believe QTWW shares can earn a premium multiple on sales given: 1) QTWW's large market opportunity and its leading role within it, 2) the sustainable economic drivers of transportation fuel conversion to natural gas, and 3) QTWW's emerging operating leverage on rapidly growing revenues."
For an analyst ratings summary and ratings history on Quantum Fuel Systems click here. For more ratings news on Quantum Fuel Systems click here.
Shares of Quantum Fuel Systems closed at $9.29 yesterday.
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