ValuEngine upgraded shares of Hydrogenics (NASDAQ:HYGS) (TSE:HYG) from a sell rating to a hold rating in a research note released on Friday.
Other equities analysts have also recently issued reports about the company. HC Wainwright set a $8.00 target price on Hydrogenics and gave the company a buy rating in a research note on Monday, November 5th. Roth Capital set a $9.00 target price on Hydrogenics and gave the company a buy rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded Hydrogenics from a strong sell rating to a hold rating in a research note on Wednesday, October 3rd.
Hydrogenics stock opened at $5.45 on Friday. The company has a market cap of $86.35 million, a PE ratio of -6.85 and a beta of 0.50. Hydrogenics has a 52 week low of $4.95 and a 52 week high of $11.99.
Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in shares of Hydrogenics during the 3rd quarter valued at approximately $133,000. Emancipation Management LLC purchased a new position in shares of Hydrogenics during the 3rd quarter valued at approximately $188,000. Finally, Heartland Advisors Inc. boosted its stake in shares of Hydrogenics by 7.7% during the 3rd quarter. Heartland Advisors Inc. now owns 1,018,042 shares of the energy company’s stock valued at $7,381,000 after buying an additional 73,042 shares during the last quarter. Institutional investors own 17.24% of the company’s stock.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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