UPDATE: Wedbush Upgrades ADA-ES to Outperform (ADES)

Wedbush is out with its report today on ADA-ES (NASDAQ: ADES), upgrading shares of ADES from Neutral to Outperform.

In a note to clients, Wedbush writes, "We are upgrading shares of ADES to OUTPERFORM following the company's improved Q4 operating results. While the company has yet to announce additional contract awards or sales of Refined Coal and Activated Carbon Injection systems, recent regulatory announcements from the EPA—namely the Industrial Boiler MACT and Mercury and Air Toxics Standards proposal—create substantial growth opportunities for the company."

Wedbush raises its PT on ADES from $16 to $27.

At the time of posting, shares of ADES were trading at $20.00, up 2.41% from Friday's close.