Maxwell Technologies Set to Power Almost 30% Higher

by Sam Collins | May 23, 2014 1:09 am

Maxwell Technologies Set to Power Almost 30% Higher

Maxwell Technologies (MXWL[1]) — This manufacturer of energy storage and power delivery products broke from a base in late February on speculation that it may partner with Tesla Motors (TSLA[2]).

On May 12, it was named in a report by Gartner as one of the year’s “Cool Vendors in Automotive Electronics.” According to Gartner, companies in this category “develop innovative technology in the areas of human-machine interface, energy storage and machine vision for automotive applications.”

Zacks notes there have been numerous earnings revisions higher recently and considers the stock “Zacks Rank #1 (Strong Buy).” The current consensus earnings estimates are for $0.26 per share for 2014 and $0.54 for 2015.

Technically, MXWL broke from an ascending triangle following a three-month consolidation. It has accumulated sporadic bursts of buying that could signify a large buyer. MACD recently issued a strong buy signal. This is a speculative stock with a short-term target of $22, but it could run much higher in the long term.

05 23 14 mxwl 300x189 Maxwell Technologies Set to Power Almost 30% Higher
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chart key 300x84 Maxwell Technologies Set to Power Almost 30% Higher[3]

Endnotes:
  1. MXWL: http://studio-5.financialcontent.com/investplace/quote?Symbol=MXWL
  2. TSLA: http://studio-5.financialcontent.com/investplace/quote?Symbol=TSLA
  3. [Image]: http://investorplace.com/wp-content/uploads/2013/12/chart-key.gif

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