SQL Technologies, the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Jack Vander Aarde from Maxim Group maintained a Buy rating on the stock and has a $3.00 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Jack Vander Aarde has given his Buy rating due to a combination of factors that highlight SQL Technologies’ promising growth trajectory and strategic initiatives. The company has demonstrated solid organic growth, with a notable 8% year-over-year increase in revenue for the second quarter of 2025, surpassing initial estimates. This growth is largely attributed to the acquisition of Belami, which has significantly bolstered the company’s revenue streams.
Moreover, SQL Technologies is strategically transforming from a traditional lighting business into a high-growth smart home platform provider, supported by key partnerships with major companies like General Electric, Wayfair, and Home Depot. The company’s dynamic manufacturing strategy, which includes expanding its U.S. manufacturing footprint, positions it well to mitigate potential tariff impacts. Additionally, the potential approval of the SKYX receptacle by the National Electrical Code could serve as a major catalyst for market adoption, further supporting the Buy rating. Despite some limited visibility into future projects, the introduction of new products and initiatives, such as the Miami smart city project, are expected to drive long-term growth.
In another report released on August 14, Noble Financial also maintained a Buy rating on the stock with a $5.00 price target.