Hydrogenics (HYGS) Issues Earnings Results
Hydrogenics (NASDAQ:HYGS) (TSE:HYG) posted its quarterly earnings data on Tuesday. The energy company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.02), MarketWatch Earnings reports. Hydrogenics had a negative net margin of 39.35% and a negative return on equity of 81.90%. The company had revenue of $8.08 million for the quarter, compared to the consensus estimate of $9.55 million.
Shares of NASDAQ:HYGS traded up $0.62 during trading hours on Wednesday, hitting $8.94. 2,075 shares of the company’s stock traded hands, compared to its average volume of 42,023. Hydrogenics has a 52 week low of $3.80 and a 52 week high of $9.00. The firm has a market cap of $164.26 million, a price-to-earnings ratio of -10.06 and a beta of 0.83.
HYGS has been the topic of a number of research analyst reports. HC Wainwright increased their price objective on shares of Hydrogenics from $7.50 to $9.00 and gave the company a “buy” rating in a research note on Monday, March 18th. ValuEngine cut shares of Hydrogenics from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. Roth Capital cut shares of Hydrogenics from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research note on Wednesday, January 30th. Zacks Investment Research cut shares of Hydrogenics from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Canaccord Genuity assumed coverage on shares of Hydrogenics in a research report on Wednesday, January 16th. They set a “speculative buy” rating and a $8.75 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Hydrogenics has a consensus rating of “Hold” and a consensus price target of $8.25.
Hydrogenics Corporation, together with its subsidiaries, designs, develops, and manufactures hydrogen generation products based on water electrolysis technology; and fuel cell products based on proton exchange membrane technology. It operates in two segments, OnSite Generation and Power Systems. The OnSite Generation segment develops products for industrial gas, hydrogen fueling, and renewable energy storage markets.
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