Hydrogenics Corporation (NASDAQ:HYGS) Receives Media Impact Score of 0.31

Media stories about Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) have been trending positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hydrogenics Corporation earned a news impact score of 0.31 on Accern’s scale. Accern also assigned news headlines about the energy company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, July 17th. Cowen and Company set a $9.00 price target on shares of Hydrogenics Corporation and gave the company a “hold” rating in a research note on Tuesday, July 11th. ValuEngine upgraded shares of Hydrogenics Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Roth Capital reiterated a “buy” rating and issued a $11.00 price objective on shares of Hydrogenics Corporation in a report on Wednesday, April 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $10.00.

Hydrogenics Corporation (HYGS) traded down 2.76% during mid-day trading on Friday, hitting $8.80. 24,021 shares of the stock were exchanged. The stock has a 50 day moving average price of $9.49 and a 200 day moving average price of $7.16. Hydrogenics Corporation has a 1-year low of $3.90 and a 1-year high of $11.25. The company’s market capitalization is $110.41 million.

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About Hydrogenics Corporation

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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