- Piper (Overweight) has upped its Maxwell (MXWL +7%) PT all the way to $21 from $11.
- The firm says interim CEO John Warwick discussed potential near-term automotive design wins during a talk. That, in turn, leads Piper to think a deal with Tesla is possible.
- Shares of the ultracapacitor maker took off last Friday in the absence of major news. Just two days earlier, Tesla unveiled plans for its massive lithium-ion battery gigafactory.
- Tesla's Elon Musk has shown an interest in using ultracapacitors, but has also said a major energy density breakthrough will be needed before they can fully replace lithium-ion.