HDSN - A little more color:
Roth Capital upgrades Hudson Technologies to Buy, raises target to $6.50
As previously reported, Roth Capital analyst Gerry Sweeney upgraded Hudson Technologies to Buy from Neutral with a price target of $6.50, up from $4. The analyst notes Hudson Technologies reported earnings that exceeded expectations driven by higher refrigerant pricing. Pricing for HFC was up sequentially driven partially by supply chain tightness. However, more importantly, regulatory frameworks and market dynamics have likely created a foundation for increased reclamation of HFC refrigerant and higher overall prices, Sweeney argues. In addition, the company recently entered into new/enhanced credit agreements reducing interest costs, he adds.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.
