Maxwell Technologies Inc (NASDAQ: MXWL), a manufacturer of energy storage and power delivery solutions, is featured as today’s top momentum gainer since it gained more than 15% touching its new 52-week highs during the last two consecutive trading days with huge numbers of shares changing hands. Yesterday, MXWL was among the top gainers in the U.S. technology sector after gaining 22.8% during the last session and closed at its 52-week high of $15.02 while recording significant volumes of 6.72 million shares. During the last 5-trading sessions, MXWL surged 75.8% recording daily average volumes of 2.54 million shares, while the stock accumulated over 82% during the past one month with 30-day average volumes of 702,697 shares. The stock gained momentum after MXWL announced the expansion of its ultracapacitor based Engine Start Module (ESM) product line to provide the same benefits to medium duty trucks that it has been offering previously to its heavy duty diesel trucks. Moreover, Analyst at Piper Jaffray upgraded MXWL to overweight increasing its price target to $21.00 from $11.00 indicating an upside potential of 39.8% from current levels.
Company Description:
Maxwell Technologies Inc (NASDAQ: MXWL) develops and manufactures energy storage and power delivery solutions. The company’s ultracapacitor products provide power solutions for applications in consumer and industrial electronics, renewable energy, transportation and information technology.
1-Year Stock Chart:
Source: Bloomberg
