Craig-Hallum lowered the firm’s price target on Flux Power to $7 from $10 and keeps a Buy rating on the shares. Flux Power reported Q3 results below expectations, reflecting the push-out of delivery timing and order activity due to headwinds, the analyst tells investors in a research note. The near-term headwinds do not dampen Flux’s long-term prospects with it a market leader and the adoption of lithium-ion battery systems at early stages in material handling and airport ground support equipment, Craig-Hallum says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLUX:
- Flux Power Holdings Issues Regulation FD Financial Update
- Flux Power Shareholders Elect Directors, Approve Auditors and Exec Pay
- Craig-Hallum bullish on Flux Power, initiates with a Buy
- Flux Power initiated with a Buy at Craig-Hallum
- Roth MKM Says These Small-Cap Li-Ion Battery Stocks Could Double Your Money — Here’s Why They Could Rally
Questions or Comments about the article? Write to editor@tipranks.com