Axiom Rates Amtech Systems With A Buy Rating (ASYS)
With the era of aggressive capacity ramps from a multitude of Asian solar manufacturers, Axiom believes Amtech Systems (Nasdaq: ASYS) is the best positioned to experience considerable earnings leverage.
Additionally, with the end of its exclusivity agreement with YGE in C2Q10, ASYS's gross margin expanded by 7.3% in just one quarter due to share gains and better fixed cost absorption.
Axiom initiated coverage of ASYS with a BUY, High Risk ration, and a 6 month Price Target of $19.00. ASYS currently trades at $15.27
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.