Accelevation (NASDAQ:ACCV) Coverage Initiated by Analysts at Wolfe Research

Key Points

• Wolfe Research initiated coverage of Accelevation with an “outperform” rating. Other recent coverage includes buy ratings from Bank of America and Goldman Sachs, an overweight rating from Barclays, and an equal-weight rating from Morgan Stanley.
• Accelevation has a consensus “Moderate Buy” rating from eight analysts, with a consensus price target of $19.33. The stock opened at $12.38, compared with a 52-week range of $11.58 to $18.10.
• Company insiders have been buying shares, including directors who purchased 15,000 shares at $18 each; insiders have bought 227,700 shares valued at $4.1 million over the past 90 days. Accelevation is a SPAC focused on identifying and completing a business combination.

Research analysts at Wolfe Research initiated coverage on shares of Accelevation (NASDAQ:ACCV - Get Free Report) in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage set an "outperform" rating on the stock.

A number of other equities analysts have also recently commented on ACCV. Bank of America assumed coverage on shares of Accelevation in a research report on Monday. They issued a "buy" rating and a $20.00 target price on the stock. Wall Street Zen raised shares of Accelevation to a "hold" rating in a research note on Saturday, October 10th. The Goldman Sachs Group initiated coverage on shares of Accelevation in a research report on Monday. They set a "buy" rating and a $22.00 price target for the company. Morgan Stanley started coverage on shares of Accelevation in a research report on Monday. They set an "equal weight" rating and a $18.00 price target for the company. Finally, Barclays started coverage on Accelevation in a research note on Monday. They set an "overweight" rating and a $20.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.

Read Our Latest Research Report on Accelevation

Accelevation Price Performance

 

NASDAQ:ACCV opened at $12.38 on Monday. Accelevation has a 1-year low of $11.58 and a 1-year high of $18.10.

Insider Activity

 

In other news, Director Howard C. Heckes bought 5,000 shares of the business's stock in a transaction dated Thursday, October 1st. The shares were purchased at an average price of $18.00 per share, for a total transaction of $90,000.00. Following the completion of the acquisition, the director owned 5,000 shares of the company's stock, valued at approximately $90,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ginger M. Jones bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $180,000.00. Following the completion of the purchase, the director owned 10,000 shares of the company's stock, valued at $180,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 227,700 shares of company stock valued at $4,098,600.

About Accelevation

(Get Free Report)

Accelevation Holdings Corp. designs, manufactures and installs customized structural, electrical and mechanical systems for mission-critical infrastructure. The company primarily serves data centers, including facilities supporting artificial intelligence, cloud computing, hyperscale computing and other high-density technology applications.

The company's products and solutions include power distribution equipment, modular infrastructure systems, structural support components, thermal management products and related electrical systems. Accelevation also provides installation, commissioning, maintenance and other field services. Its vertically integrated business model combines engineering, U.S.-based manufacturing and nationwide installation capabilities to support infrastructure development from design through deployment.

Accelevation is headquartered in Miamisburg, Ohio, and operates manufacturing facilities in Ohio, Tennessee, Mississippi and Virginia. The company serves hyperscale data center operators, colocation providers and other customers requiring customized infrastructure solutions.

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