Maxim Group Maintains Buy Rating and $15 PT on STR Holdings

A report from Maxim Group reiterates its Buy rating and $15 price target on STR Holdings STRI. The report states, “Relative to guidance that was lowered on Oct. 17, STRI delivered slightly better-than-expected revenue of $56m (vs. the Street's $55m), albeit down (22%) Q/Q. While gross margin of 26% trailed consensus of 30%, lower-than-expected opex and taxes drove non-GAAP EPS of $0.21 past our $0.13 estimate and the Street at $0.12." STRI closed yesterday at $8.20.