leadf
logo-loader
viewOrbital Energy Group

CUI Global's energy division tipped for 'significant revenue acceleration'

Capital Network analyst Ed Stacey offers up his views on CUI Global's (NASDAQ:CUI) Q4 and full year 2018 earnings.

Stacey says the company reported strong results for the full year with revenues of US$96.8mln versus his forecast of US$92.8mln.

He adds that the FY order backlog stood at US$37.5mln versus US$32.8mln at the end of 2017.

Stacey's forecasting a 'significant acceleration' in revenue growth for its energy division in 2019 and 2020, driven by the GasPT product, which he says will prove to be a major driver for improving profitability.

Quick facts: Orbital Energy Group

Price: 0.7329 USD

NASDAQ:OEG
Market: NASDAQ
Market Cap: $22.3 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Orbital Energy Group named herein, including the promotion by the Company of Orbital Energy Group in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Full interview: CUI Global posts revenue growth and continues transformation...

CUI Global Inc (NASDAQ:CUI) Executive Chairman and General Counsel Bill Clough tells Proactive the Houston-based company spent 2019 laying the groundwork to become a diversified energy infrastructure company, boosted by the acquisition of renewable energy engineering firm Reach Construction...

on 03/31/2020

2 min read