Wunderlich Securities Expects Solid 2Q14 Results For Spark Energy Inc

In a report published Tuesday, Wunderlich Securities analyst Mike Bates reiterated a Buy rating and $20.00 price target on

. 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.