Maxwell Scores Another Auto Win As High Voltage Lags

Maxwell Technologies (MXWL) has long been a frustrating stock for growth investors, as the company's ultracapacitor products have a lot of promise in a wide range of growth markets but the execution on commercialization has been painfully slow. Although the company's first quarter results aren't going to quiet the bears who argue this is a perpetual "wait until next year" story, I believe the partnership/design win with Geely (OTCPK:GELYF) is a big deal, and I believe the company can still benefit from a utility transmission and distribution expansion cycle.

Valuation is never simple with a company on the cusp of potentially significant but very uncertain commercial adoption curves. While I believe $6 to $7 is a fair range now, investors should expect above-average risk and volatility, given that so much of the value lies beyond the next few years.

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Maxwell Scores Another Auto Win As High Voltage Lags