Roth Capital Reiterates a Hold Rating on Maxwell Technologies

By Austin Angelo

In a report released today, Craig Irwin from Roth Capital reiterated a Hold rating on Maxwell Technologies (NASDAQ: MXWL), with a price target of $6. The company’s shares opened today at $5.81.

Irwin observed:

“We hosted Maxwell CEO Franz Fink and CFO Dave Lyle for a series of meetings at the 29th Annual ROTH Conference in Dana Point, CA. Major items covered included the NessCap acquisition, the auto segment, and the dry- electrode initiative.”

According to, Irwin is ranked 0 out of 5 stars with an average return of -2.6% and a 40.5% success rate. Irwin covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and Amer Superconductor.

Maxwell Technologies has an analyst consensus of Hold.

Based on Maxwell Technologies’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $26.4 million and GAAP net loss of $12.17 million. In comparison, last year the company earned revenue of $49.83 million and had a GAAP net loss of $2.17 million.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MXWL in relation to earlier this year. Most recently, in May 2016, Roger Howsmon, a Director at MXWL bought 2,000 shares for a total of $11,060.

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Maxwell Technologies, Inc. engages in the development, manufacture, and marketing of energy storage and power delivery solutions. It operates through the following product lines: Ultracapacitors, High-Voltage Capacitors, and Radiation-Hardened Microelectronic Products. The Ultracapacitors product line includes energy storage devices such as modules, threaded and weldable cells, and board mounted small cells. The High-Voltage Capacitors product line comprises of grading and coupling capacitors and electronic voltage transformers under the CONDIS brand. The Radiation-Hardened Microelectronic Products consist of single board computers and components such as memory and data conversion modules. The company was founded in 1965 and is headquartered in San Diego, CA.