Roth Capital Assigns Buy On Shares Of Active Power, $3.50 PT
In a research report issued today, Roth Capital analyst Matt Koranda assigned a Buy rating on Active Power (NASDAQ:ACPW) with a price target of $3.50.
Koranda wrote, “ACPW beat Q3 estimates across-the-board. Importantly, bookings/backlog figures were provided for the first time under the current management team, which we view as a positive. Long gestation sales appear to be converting into bookings and we see improved visibility into the business. With strong execution in the coming quarters, we look for ACPW to begin to narrow its valuation discount vs. comparable companies.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Matt Koranda has a total average return of -3.8% and a 50.0% success rate. Koranda is ranked #2713 out of 3350 analysts.