TPS Position Update – December 11, 2013

December 11, 2013

. . . . Hudson Technologies (NASDAQ: HDSN) – Hold

HDSN continues to rocket higher.  As of this writing, our position is a solid 76% winner.  That’s an excellent 2-month return!

The latest jump in the share price is due to a recent EPA proposal.  Basically, The EPA’s proposed rule on how to eliminate R-22 over time would be very bullish for Hudson’s business.

As virgin R-22 is eliminated over time, HDSN will thrive as one of the largest reclaimers in the market.  In other words, our position could easily see much bigger gains ahead.

. . . . Lantronix (NASDAQ: LTRX) – Hold

LTRX has had a nice run higher, and is currently a 26% winner at the time of this writing. The stock hit as high as $2.10 (52% gains) in recent days before pulling back some.

There hasn’t been a concrete reason for the buying.  The company has been aggressively marketing their wireless mobile print server to iPhone and iPad users.  Perhaps investors believe the company will have a strong holiday season.

Regardless, LTRX is a good company with an intriguing product line.  This could just be the start of a bigger move higher.

With the recent climb in share price, we’re moving LTRX to Hold.

. . . . FuelCell Energy (NASDAQ: FCEL) – Hold

FCEL is another one of our positions moving higher in recent days.  The stock is currently just over a 40% winner.

There a few reasons behind FCEL’s climb, including an overall good year for hydrogen fuel cell stocks.  What’s more, the company recently announced achieving two billion kilowatt hours of environmentally friendly fuel cell power generation.

We believe FCEL is one of the top fuel cell companies on the market and has a bright future ahead.  And, with the recent move higher, we’re moving our position to Hold.

Please Note:

We don’t necessarily review every open position in each Position Update.  We focus on the positions experiencing significant news, notable price movement, or a change in recommendation.  Please refer to the Performance page on our website for our current buy, sell, or hold recommendation for any positions not mentioned in the Update.

Action To Take

• Move FuelCell Energy (NASDAQ: FCEL) from Buy to Hold
• Move Lantronix (NASDAQ: LTRX) from Buy to Hold

Category: TPS Update