Cowen and Company reiterated their hold rating on shares of Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) in a research report sent to investors on Tuesday, October 17th. Cowen and Company currently has a $9.00 target price on the energy company’s stock.
A number of other research firms also recently weighed in on HYGS. Zacks Investment Research raised Hydrogenics Corporation from a strong sell rating to a hold rating in a research note on Monday, October 16th. Roth Capital set a $11.00 price target on Hydrogenics Corporation and gave the stock a buy rating in a research note on Monday, July 31st. HC Wainwright reissued a buy rating and set a $10.00 target price on shares of Hydrogenics Corporation in a research note on Tuesday, August 8th. Finally, ValuEngine cut Hydrogenics Corporation from a hold rating to a sell rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $10.00.
Hydrogenics Corporation (NASDAQ:HYGS) traded down $0.65 during mid-day trading on Tuesday, reaching $9.80. The company’s stock had a trading volume of 177,800 shares, compared to its average volume of 92,111. Hydrogenics Corporation has a 1-year low of $3.90 and a 1-year high of $11.25.
Large investors have recently made changes to their positions in the company. TSP Capital Management Group LLC lifted its holdings 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 valued at $10,039,000 after acquiring an additional 65,852 shares during the period. PEAK6 Investments L.P. bought a new position in Hydrogenics Corporation in the first quarter valued at about $111,000. Manatuck Hill Partners LLC bought a new position in Hydrogenics Corporation in the second quarter valued at about $3,030,000. Delta Lloyd Asset Management N.V. bought a new position in Hydrogenics Corporation in the second quarter valued at about $1,515,000. Finally, Virtu KCG Holdings LLC purchased a new stake in Hydrogenics Corporation in the second quarter worth about $401,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.
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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