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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.

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