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UniPixel rises after analyst says plant on track
Shares of UniPixel (UNXL), which develops film for several industries, are climbing after research firm Cowen wrote that a new plant the company is building with its partner, Kodak (EKDKQ), appears to be on track. WHAT'S NEW: A manufacturing and testing facility that UniPixel and Kodak are building in upstate New York is on track to be able to manufacture 1M units per month by the end of the year, Cowen analyst Robert Stone wrote after speaking with Kodak employees. The facility should be capable of developing some products by mid-November, Stone added. The analyst kept a $46 price target and Outperform rating on the stock. WHAT'S NOTABLE: UniPixel and Kodak are each spending $12.5M on the facility, which will be used to develop touch sensors and film. PRICE ACTION: In mid-morning trading, UniPixel advanced $1.60, or 9%, to $19. |
