HC Wainwright reiterated their buy rating on shares of Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) in a report published on Tuesday. They currently have a $10.00 price objective on the energy company’s stock.
Several other analysts also recently commented on HYGS. Roth Capital restated a buy rating and set a $11.00 target price on shares of Hydrogenics Corporation in a report on Wednesday, April 12th. Zacks Investment Research upgraded shares of Hydrogenics Corporation from a hold rating to a buy rating and set a $8.00 target price on the stock in a report on Tuesday, May 16th. Cowen and Company set a $9.00 target price on shares of Hydrogenics Corporation and gave the stock a market perform rating in a report on Friday, June 9th. Finally, ValuEngine upgraded shares of Hydrogenics Corporation from a sell rating to a hold rating in a report on Wednesday, June 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Hydrogenics Corporation currently has a consensus rating of Buy and a consensus price target of $10.00.
Shares of Hydrogenics Corporation (HYGS) opened at 7.25 on Tuesday. The stock’s 50 day moving average is $9.02 and its 200-day moving average is $7.51. Hydrogenics Corporation has a 12-month low of $3.90 and a 12-month high of $11.25. The firm’s market cap is $110.43 million.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last announced its earnings results on Wednesday, August 2nd. The energy company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.30. The company had revenue of $7.49 million for the quarter, compared to analyst estimates of $9.90 million. Hydrogenics Corporation had a negative return on equity of 88.76% and a negative net margin of 39.04%. On average, analysts anticipate that Hydrogenics Corporation will post ($0.68) EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC acquired a new stake in Hydrogenics Corporation during the first quarter worth about $655,000. TSP Capital Management Group LLC increased its stake in Hydrogenics Corporation by 64.7% in the first quarter. TSP Capital Management Group LLC now owns 928,106 shares of the energy company’s stock worth $6,218,000 after buying an additional 364,440 shares during the period. KBC Group NV increased its stake in Hydrogenics Corporation by 7.3% in the first quarter. KBC Group NV now owns 43,703 shares of the energy company’s stock worth $293,000 after buying an additional 2,969 shares during the period. PEAK6 Investments L.P. acquired a new stake in Hydrogenics Corporation during the first quarter worth about $111,000. Finally, Stratos Wealth Partners LTD. increased its stake in Hydrogenics Corporation by 9.7% in the second quarter. Stratos Wealth Partners LTD. now owns 11,350 shares of the energy company’s stock worth $115,000 after buying an additional 1,000 shares during the period. Institutional investors own 21.80% of the company’s stock.
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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