Analyst Amit Dayal of H.C. Wainwright maintained a Buy rating on Flux Power Holdings, with a price target of $8.00.
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Amit Dayal has given his Buy rating due to a combination of factors that highlight Flux Power Holdings’ strong financial performance and strategic positioning. The company reported a significant year-over-year increase in revenues and improved gross margins, which were driven by reductions in input and warranty costs. These financial improvements suggest a positive trajectory for the company’s profitability.
Additionally, the launch of the SkyEMS 2.0 software platform is expected to enhance customer management of battery assets, potentially boosting sales. The company’s recent financing efforts have also strengthened its balance sheet, addressing concerns about growth capital requirements. With a robust demand environment and a promising product mix, Flux Power Holdings is well-positioned to capitalize on the industrial electrification trend, making the stock an attractive investment opportunity.