Wall Street brokerages forecast that Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) will report sales of $12.63 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Hydrogenics Corporation’s earnings. The lowest sales estimate is $11.80 million and the highest is $14.10 million. Hydrogenics Corporation reported sales of $6.73 million during the same quarter last year, which indicates a positive year over year growth rate of 87.7%. The business is scheduled to report its next earnings report on Monday, November 6th.

On average, analysts expect that Hydrogenics Corporation will report full year sales of $12.63 million for the current year, with estimates ranging from $43.40 million to $47.90 million. For the next year, analysts forecast that the company will report sales of $68.57 million per share, with estimates ranging from $65.00 million to $71.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Hydrogenics Corporation.

Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last announced its quarterly earnings data on Wednesday, August 2nd. The energy company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.30). Hydrogenics Corporation had a negative net margin of 39.04% and a negative return on equity of 88.76%. The firm had revenue of $7.49 million for the quarter, compared to the consensus estimate of $9.90 million.

A number of brokerages recently issued reports on HYGS. ValuEngine upgraded shares of Hydrogenics Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Cowen and Company set a $9.00 price target on shares of Hydrogenics Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 11th. HC Wainwright restated a “buy” rating and issued a $10.00 price target on shares of Hydrogenics Corporation in a research note on Tuesday, August 8th. Zacks Investment Research lowered shares of Hydrogenics Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Roth Capital set a $11.00 price target on shares of Hydrogenics Corporation and gave the stock a “buy” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $10.00.

Several large investors have recently modified their holdings of the stock. Manatuck Hill Partners LLC bought a new stake in shares of Hydrogenics Corporation in the second quarter worth $3,030,000. Virtu KCG Holdings LLC bought a new stake in shares of Hydrogenics Corporation in the second quarter worth $401,000. Wells Fargo & Company MN increased its stake in shares of Hydrogenics Corporation by 639.5% in the second quarter. Wells Fargo & Company MN now owns 15,462 shares of the energy company’s stock worth $157,000 after buying an additional 13,371 shares during the last quarter. Delta Lloyd Asset Management N.V. bought a new stake in shares of Hydrogenics Corporation in the second quarter worth $1,515,000. Finally, TSP Capital Management Group LLC increased its stake in shares of 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 last quarter. Institutional investors and hedge funds own 19.16% of the company’s stock.

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Hydrogenics Corporation (NASDAQ HYGS) opened at 8.40 on Friday. The firm’s 50-day moving average price is $7.97 and its 200 day moving average price is $7.92. Hydrogenics Corporation has a one year low of $3.90 and a one year high of $11.25. The company’s market capitalization is $127.95 million.

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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