Roth Capital Maintains Buy On Clean Diesel Shares, Sees 41% Upside

In a research report published Monday, Roth Capital analyst Matt Koranda maintained a Buy rating on Clean Diesel (NASDAQ:CDTI) with a $3.50 price target, which represents a potential upside of 41% from where the stock is currently trading.

Koranda noted, “CDTI missed our Q3 revenue expectations but beat on the bottom line, driven by stronger-than-expected GMs. Management now appears focused on developing distribution channels for the DuraFit DPF product, and we look for a revenue ramp in HDD during H1’15 to demonstrate success in this market. Management appears to be positioning the Spinel catalyst technology to generate high margin licensing revenue, which is positive, in our view.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Matt Koranda has a total average return of 2.1% and a 50.0% success rate. Koranda has a 16.8% average return when recommending CDTI, and is ranked #1871 out of 3365 analysts.

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