Shares of Codexis (CDXS) surged on Friday after the company beat analyst estimates. The company nearly hit the breakeven point for the quarter posting a loss of .01 (vs the analyst estimate for a .05/share loss) on revenues of $29.8 million (vs the estimate for $27.3 million). That’s a big improvement over the .15/share loss they reported a year ago. Revenues jumped 23% over the year ago period. The company still expects $120 million … Read the rest
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Morning Analyst Ratings: YGE, GPRE, CDXS
Jefferies is out reiterating its Buy rating on shares of Yingli Green Energy (YGE) and has a $17 price target (more than 60% higher than current levels). The firm views YGE as a top solar player. Shares aren’t moving on the Buy reiteration in pre-market trading.
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Piper Jaffray upgraded shares of Codexis (CDXS) to Overweight from Neutral and raised the price target to $12 from … Read the rest