Hydrogenics Corporation (NASDAQ:HYGS) Rating Increased to Hold at ValuEngine
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Tuesday, May 16th. Cowen and Company set a $9.00 price target on shares of Hydrogenics Corporation and gave the company a “market perform” rating in a report on Friday, June 9th. Roth Capital reiterated a “buy” rating and issued a $11.00 price target on shares of Hydrogenics Corporation in a report on Wednesday, April 12th. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Hydrogenics Corporation in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Hydrogenics Corporation currently has an average rating of “Buy” and a consensus target price of $10.00.
Hydrogenics Corporation (NASDAQ HYGS) opened at 7.75 on Thursday. The company’s market cap is $98.89 million. Hydrogenics Corporation has a 1-year low of $3.90 and a 1-year high of $11.25. The company has a 50-day moving average price of $9.22 and a 200-day moving average price of $7.49.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last announced its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.30. The company had revenue of $7.49 million during the quarter, compared to the consensus estimate of $9.90 million. Hydrogenics Corporation had a negative net margin of 39.04% and a negative return on equity of 88.76%. On average, analysts expect that Hydrogenics Corporation will post ($0.68) EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of HYGS. Stratos Wealth Partners LTD. increased its stake in Hydrogenics Corporation by 9.7% in the second quarter. Stratos Wealth Partners LTD. now owns 11,350 shares of the energy company’s stock worth $115,000 after buying an additional 1,000 shares during the period. KBC Group NV increased its stake in Hydrogenics Corporation by 7.3% in the first quarter. KBC Group NV now owns 43,703 shares of the energy company’s stock worth $293,000 after buying an additional 2,969 shares during the period. GAM Holding AG increased its stake in Hydrogenics Corporation by 8.9% in the second quarter. GAM Holding AG now owns 106,500 shares of the energy company’s stock worth $1,076,000 after buying an additional 8,663 shares during the period. PEAK6 Investments L.P. acquired a new stake in Hydrogenics Corporation during the first quarter worth $111,000. Finally, TSP Capital Management Group LLC increased its stake in Hydrogenics Corporation by 7.1% in the second quarter. TSP Capital Management Group LLC now owns 993,958 shares of the energy company’s stock worth $10,039,000 after buying an additional 65,852 shares during the period. Hedge funds and other institutional investors own 21.80% of the company’s stock.
Hydrogenics Corporation Company Profile
Hydrogenics Corp is a Canada-based firm, which designs and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets.
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