Why Maxwell Technologies (MXWL) is Soaring

NEW YORK (TheStreet) -- Maxwell Technologies (MXWL) saw a double-digit percentage gain on Friday, after investment house Piper Jaffray upgraded the stock to "overweight" from "neutral" with an $11 price target from $8.50. 

By mid-afternoon, shares had gained 12.2% to $9.08, adding to an overall 17.9% increase since the beginning of the year. 

The electronic components maker is due to report fourth-quarter and full-year earnings in late February. According to analysts surveyed by Yahoo! Finance, the San Diego-based business is expected to see fourth-quarter net loss for the period ended December 2013 of 4 cents a share on revenue of $36.51 million. 

For fiscal 2013, analysts anticipate net income of 28 cents a share on $191.09 million in revenue. 

TheStreet Ratings team rates MAXWELL TECHNOLOGIES INC as a Hold with a ratings score of C. The team has this to say about their recommendation:

"We rate MAXWELL TECHNOLOGIES INC (MXWL) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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