Roth Capital Maintains Buy on Hudson Ahead Of 2Q14 Earnings


Roth Capital’s analyst Philip Shen today maintained a Buy rating on Hudson Technologies Inc. (HDSN) and sets the target price at $6. The report is a preview for the upcoming earnings on Wednesday (July 30 at 5:00 PM ET).

Shen notes, “Despite seasonally inline demand, R-22 pricing has remained flat (~$6-7/lb) since our last round of checks in June. With EPA’s greater focus on inventory, it appears there may be more inventory than previously thought, which, in our view, is an incremental negative. With the cooling season peak behind us, the next catalyst (expected in Dec’14) is the EPA ruling. Ahead of Wednesday’s Q2 earnings, we would take a wait-and-see approach”.

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Philip Shen has a 1.5% average return and a 35% success rate. Philip has a 16.2% average return when recommending HDSN, and is ranked #2737 out of 3189 analysts.

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