In a report published Tuesday, Wunderlich Securities analyst Mike Bates reiterated a Buy rating and $20.00 price target on Spark Energy Inc SPKE.
In the report, Wunderlich Securities noted, “We expect Spark Energy (SPKE) to report 2Q14 results on Wednesday, September 10, before the market opens, with its 10-Q filed the following day. Management is not expected to hold a conference call with investors. We are projecting 2Q14 net income and EBITDA of $2.0 million and $5.6 million, respectively. Key assumptions underpinning our forecast include an average customer base of ~262,000, operating revenue of $55.8 million, and a 26% gross margin.”
Spark Energy closed on Monday at $17.39.
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