Maxwell Technologies, Inc.

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  • Tue, Jan. 19, 12:54 PM
    • Maxwell's (MXWL +3.6%) ultracapacitors will be used by a subsidiary of power plant owner China Guodian Corp. "as the core component of a wind farm energy storage demonstration project." The system is said to be the world's first MW-scale, ultracapacitor-based, wind energy storage system.
    • Maxwell: "Compared with conventional batteries, ultracapacitors discharge and recharge power quicker, with a longer lifetime and better performance in low temperatures. The advantages of Maxwell's ultracapacitors perfectly suit them for stabilizing short-term power output fluctuation in wind farms and cabling in large-scale deployments, ensuring reliable access to wind-generated power on the grid."
    • Shares have rallied on a day the Nasdaq is down fractionally. Q4 results are expected in the coming weeks.
    | Tue, Jan. 19, 12:54 PM | 4 Comments
  • Thu, Jan. 7, 2:56 PM
    • The Nasdaq is down 2.4%, and the S&P down 2%, as investors continue fleeing to safety amid ongoing Chinese worries. Not surprisingly, many high-beta tech names are seeing much steeper losses.
    • 5%+ decliners include action camera leader GoPro (GPRO -7.9%), fitness band leader Fitbit (FIT -7.6%), threat-protection hardware/software provider FireEye (FEYE -7.2%), video processor developer/GoPro supplier Ambarella (AMBA -8.6%), flash storage array vendor Violin Memory (VMEM -12.7%), capacitor maker Kemet (KEM -14.6%), and cloud healthcare software firms Castlight (CSLT -8.3%) and Veeva (VEEV -6.4%).
    • Others include Russian search leader Yandex (YNDX -5.9%), 3D measurement/scanning hardware firm FARO Technologies (FARO -7.5%), ultracapacitor maker Maxwell (MXWL -9.1%), car-buying site TrueCar (TRUE -8.8%), analog/mixed-signal chipmaker ON Semi (ON -5.4%), online ad platform Rocket Fuel (FUEL -6.3%), and LED/chip equipment maker Aixtron (AIXG -6.8%).
    • Previously covered: Chinese tech stocks, solar stocks, Everyday Health, SunEdison, Atmel
    | Thu, Jan. 7, 2:56 PM | 13 Comments
  • Oct. 29, 2015, 6:10 PM
    • In addition to beating Q3 estimates, Maxwell (NASDAQ:MXWL) is guiding for Q4 revenue of $46M-$50M, above a $43.5M consensus. Gross margin is expected to be in a range of 31%-33% vs. 32.3% in Q3.
    • Ultracapactor revenue rose 10% Y/Y in Q3 to $31.8M, high-voltage revenue fell 1% to $10.3M, and microelectronics revenue rose 27% to $3M. Chinese hybrid bus demand boosted ultracapacitor sales.
    • Job cuts at work: Non-GAAP operating expenses fell by $1.1M Y/Y to $13.5M. Opex is expected to be flat Q/Q in Q4. Maxwell ended Q3 with $25.2M in cash, and $100K in debt.
    • Shares have jumped to $6.30 after hours.
    • Q3 results, PR
    | Oct. 29, 2015, 6:10 PM | 2 Comments
  • Oct. 29, 2015, 4:33 PM
    • Maxwell (NASDAQ:MXWL): Q3 EPS of $0.01 beats by $0.08.
    • Revenue of $45.1M (+8.4% Y/Y) beats by $4.12M.
    • Shares +8.5%.
    | Oct. 29, 2015, 4:33 PM | 1 Comment
  • Oct. 22, 2015, 10:02 AM
    • Spanish rail vehicle/equipment maker CAF Power & Automation plans to use Maxwell's (MXWL +2.4%) ultracapacitors in an energy storage system used to power light-rail cars. Supported projects include rail lines in Taiwan and Estonia.
    • Maxwell: "CAF chose to work with Maxwell to ensure its [Rapid Charge Accumulator] delivered instant power and energy recuperation from frequent braking, without requiring unsightly overhead electrical wiring. As part of CAF's ACR system, Maxwell's ultracapacitors are expected to provide up to 30 percent savings in energy consumption."
    • Last month, Maxwell jumped after announcing its ultracapacitors will help enable enhanced start-stop systems in 2016 Cadillacs. Q3 results arrive on Oct. 29.
    | Oct. 22, 2015, 10:02 AM | 1 Comment
  • Sep. 28, 2015, 3:00 PM
    • Plenty of high-beta tech names are getting clobbered as the Nasdaq posts a 3% drop amid a broad market selloff.
    • Firms down over 5% include memory giant Micron (MU -5.6%), salvage auction site Liquidity Services (LQDT -10.5%), industrial measurement toolmaker Perceptron (PRCP -12.1%), cloud healthcare software provider Castlight (CSLT -5.4%), CDN owner Limelight (LLNW -8.6%), mortgage origination software firm Ellie Mae (ELLI -6.1%), ultracapacitor maker Maxwell (MXWL -8.5%), Korean analog/mixed-signal chipmaker MagnaChip (MX -9.3%), online loan marketplace LendingTree (TREE -7.9%), and online ad retargeting firm Criteo (CRTO -5.9%).
    • Micron's decline comes ahead of its Thursday FQ4 report. Nomura predicted today FQ4 results will miss consensus, and that FQ1 will also be weak. "While an estimate cut is well understood, we believe Micron’s stock will continue to track DRAM/NAND pricing, which is trending lower into the peak of the build season.” Cowen, on the other hand, argued FQ4 will be the bottom, and stated checks point to Samsung "pulling back meaningfully on capex."
    • See also: Solar stocks, GoPro, Mindbody, Qorvo
    | Sep. 28, 2015, 3:00 PM
  • Sep. 15, 2015, 12:41 PM
    | Sep. 15, 2015, 12:41 PM | 2 Comments
  • Sep. 15, 2015, 10:12 AM
    • Maxwell (NASDAQ:MXWL) states a voltage stabilization system (VSS) made by Continental Automotive Systems and featuring Maxwell's ultracapacitors "will be a standard feature on 2016 Cadillac ATS and CTS sedans and ATS coupes, excluding the ATS-V, CTS-V and CT6 models."
    • GM is said to be the first North American auto OEM to adopt Continental's VSS as part of an enhanced start-stop system (shuts off an engine when a driver stops to improve fuel economy, and automatically restarts when a driver accelerates).
    • Maxwell: "Battery-based start-stop systems augmented with an ultracapacitor-based voltage stabilization system implementation provide burst power needed to restart the engine, thus reducing high currents and repeated cycling that can shorten battery life. The voltage stabilization electronic control results in a smooth start, reduced engine vibration and a superior driving experience. Maxwell's ultracapacitors, in Continental's VSS design, also serve as an additional power source for stabilizing the vehicle's electrical system during periods of high power demand."
    • Shares have surged to their highest levels since July. 15% of the float was shorted as of Aug. 31.
    | Sep. 15, 2015, 10:12 AM | 7 Comments
  • Jul. 30, 2015, 5:30 PM
    • Along with its Q2 results, Maxwell (NASDAQ:MXWL) has announced a "long-term strategic partnership agreement" with Chinese railcar maker CRRC-SRI to "examine multi-year collaboration activities between the two companies to jointly develop new application-specific, next-generation capacitive energy storage solutions" for the Chinese rail market.
    • Maxwell: "Rail transportation applications are an excellent match for ultracapacitors ... Our partnership with CRRC-SRI represents an excellent opportunity for us to generate meaningful revenue in a three-to-five-year horizon through the co-development of application-specific technology and products..."
    • Meanwhile, making good on a demand from activist Vertex Capital, Maxwell has launched a restructuring that will reduce headcount and could lead it to divest its microelectronics business. $2.2M in cash expenses are forecast.
    • Ultracapacitor sales fell 31% Y/Y in Q2 to $23.4M; high-voltage capacitor and microelectronics sales rose 18% to $14.3M. Not counting $2.3M in restructuring charges, GAAP operating expenses fell by $800K Y/Y to $16.1M. Unlike in prior quarters, Maxwell hasn't provided sales guidance within its Q2 report.
    • Shares have jumped to $4.60 AH.
    • Q2 results, PR
    | Jul. 30, 2015, 5:30 PM | 2 Comments
  • Jul. 10, 2015, 5:40 PM
    | Jul. 10, 2015, 5:40 PM | 7 Comments
  • Jun. 29, 2015, 3:38 PM
    • A long list of tech companies are posting big declines as the Nasdaq drops 2.2% amid a market rout triggered by expectations of a pending Greek default.
    • 6%+ decliners include program guide/content protection IP firm Rovi (ROVI -9.5%), ultracapacitor maker Maxwell (MXWL -8.2%), wireless charging tech developer Energous (WATT -9%), cybersecurity hardware/software provider KEYW Holding (KEYW -8.5%), LED sapphire wafer maker Rubicon (RBCN -10.8%), IP licensing firm WiLAN (WILN -7.1%), security software provider Wave Systems (WAVX -11.6%), online video hosting platform Brightcove (BCOV -7%).
    • In a repeat of Friday's trading, many Chinese tech names are also off sharply. The group includes mobile app developer Cheetah Mobile (CMCM -9.7%), e-commerce services firm Baozun (BZUN -8%), online travel agency eLong (LONG -15.3%), and online retailer LightInTheBox (LITB -7.8%).
    • See also: LinkedIn, Yandex/Qiwi, solar stocks, Xoom, AppliedMicro
    | Jun. 29, 2015, 3:38 PM | 2 Comments
  • Jun. 17, 2015, 9:17 AM
    • Northland Securities has upgraded Maxwell (NASDAQ:MXWL) to Outperform, and set a $7 target. Shares have risen to $6.25 premarket.
    • The upgrade comes 5 days after Maxwell rallied on news activist Vertex Capital has taken a 5.1% stake, and is calling for cost cuts.
    | Jun. 17, 2015, 9:17 AM | 3 Comments
  • Jun. 12, 2015, 12:15 PM
    • Vertex Capital has disclosed a 1.5M-share (5.1%) stake in Maxwell (NASDAQ:MXWL). The firm uses the disclosure to state it has "serious concerns with [Maxwell's] financial performance and implore the Board of [Maxwell] to establish a credible plan to better align costs with revenue in order to return the Issuer to profitability."
    • Vertex also declares it doesn't think Maxwell "should raise capital through a dilutive equity offering and should consider other means to improve [the company's] balance sheet while maximizing the value for all stockholders." The remarks come a day after the company announced it had finished raising $10M through a stock offering.
    • Shares are now up 14% over the last 3 days. They remain down 39% YTD, thanks in large part to the guidance provided in February and April.
    | Jun. 12, 2015, 12:15 PM | 6 Comments
  • Apr. 30, 2015, 3:35 PM
    | Apr. 30, 2015, 3:35 PM
  • Apr. 24, 2015, 5:37 PM
    • Top gainers, as of 5:15 p.m.: UEC +4.3%. SIMO +3.3%. EJ +3.2%. CDE +2.5%. WTW +2.4%.
    • Top losers, as of 5:15 p.m.: AKRX -13.1%. MRVL -5.6%. MXWL -1.7%. VRSN -1.5%. VALE -1.4%.
    | Apr. 24, 2015, 5:37 PM
  • Apr. 24, 2015, 12:45 PM
    | Apr. 24, 2015, 12:45 PM
Company Description
Maxwell Technologies Inc develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications.