Market Overview

UPDATE: Axiom Capital Maintains Amtech Systems at Sell Following Negative Pre-Announcement

Related ASYS
Tempress, Solar Subsidiary of Amtech Systems, Wins Second Large Multi-System Order for its Next Generation (HD POCl3) Solar Diffusion System; 1,200MW Installed or Ordered
Benzinga's Top Initiations
FireEye (FEYE) to Report Q2 Earnings: What to Expect? - Analyst Blog (Zacks)

Axiom Capital reiterated its Sell rating and $2.30 price target on Amtech Systems (NASDAQ: ASYS) following FQ$ negative pre announcement on November 29.

Axiom Capital commented, "[W]e believe the pre-announced revenue suggests that ASYS's revenue from its solar business dropped to less than $1mn in F4Q12 from $15.2mn in F3Q12; looking at earnings reports thus far from the Chinese solar vendors who have reported, we note that there has been no new capacity expansion announced (a first in our coverage of the solar space); consequently, we see a bleak outlook for ASYS as the oversupply plaguing the industry is likely to be exacerbated by shrinking demand; we are lowering our rev/EPS estimates for FY'12 & FY'13; SELL."

Amtech Systems closed at $3.22 on Friday.

Latest Ratings for ASYS

Apr 2015BenchmarkInitiates Coverage onBuy
Oct 2014Noble FinancialUpgradesHoldBuy
Sep 2013Stifel NicolausUpgradesHoldBuy

View More Analyst Ratings for ASYS
View the Latest Analyst Ratings

Posted-In: Axiom Capital ResearchAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (ASYS)

Get Benzinga's Newsletters