The shares of this energy storage and power delivery company have just been upgraded from Hold to Buy at TheStreet.com, based on rising earnings, expanding profit margins and reasonable debt. The company recently smashed through earnings estimates, earning a penny per share, significantly higher than the $0.07 per share loss that was expected.
Maxwell Technologies (MXWL)
from US Investment Report
The stock market, moving ever higher at a moderate pace, has finally made a confirmed upside move. This is the signal we’ve awaited to begin redeploying the large balances of idle cash held by our model portfolios since March. Their 50% to 85% cash positions stemmed from timely stoploss sales in March and were kept idle as the market’s weakness continued into May.
We will begin gradually, taking initial positions of no more than 3% to 4% of portfolio assets in some new stocks, and adding to them as they rise (or replacing them if they don’t).
Maxwell Technologies (MXWL) is headquartered in San Diego. Maxwell provides energy storage and power delivery products to transportation, information technology, automotive and space/satellite customers. It is expected to grow earnings 30%-plus a year, but it also sports a 31 forward P/E. Earnings are expected to double in 2015.
Stephen Quickel, US Investment Report, www.usinvestmentreport.com, 215-862-0399, June 6, 2014