Flux Power initiated with a Buy at Roth MKM

Roth MKM initiated coverage of Flux Power with a Buy rating and $10 price target. Flux is an industrial lithium-ion battery producer serving forklift markets with a comprehensive product portfolio, growing participation in airport ground service equipment and standby power, the analyst tells investors in a research note. The firm says the company has 30% market share in lithium-ion forklift batteries and is differentiated from peers by its scale, engineering support, and new technology adoption. Roth expects “rapidly rebounding growth” driving Flux towards sustained profitability.