Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $10.00.
Several equities research analysts have issued reports on HYGS shares. Roth Capital reissued a “buy” rating and set a $11.00 target price on shares of Hydrogenics Corporation in a research note on Wednesday, April 12th. Zacks Investment Research raised Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, July 17th. Cowen and Company set a $9.00 target price on Hydrogenics Corporation and gave the stock a “market perform” rating in a research note on Friday, June 9th. ValuEngine cut Hydrogenics Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, HC Wainwright reissued a “buy” rating and set a $10.00 target price on shares of Hydrogenics Corporation in a research note on Tuesday.
Large investors have recently bought and sold shares of the company. PEAK6 Investments L.P. acquired a new stake in Hydrogenics Corporation during the first quarter valued at about $111,000. TSP Capital Management Group LLC boosted 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 valued at $6,218,000 after buying an additional 364,440 shares during the period. Parametric Portfolio Associates LLC acquired a new stake in Hydrogenics Corporation during the first quarter valued at about $655,000. KBC Group NV boosted 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 valued at $293,000 after buying an additional 2,969 shares during the period. Finally, GAM Holding AG boosted its stake in Hydrogenics Corporation by 8.9% in the second quarter. GAM Holding AG now owns 106,500 shares of the energy company’s stock valued at $1,076,000 after buying an additional 8,663 shares during the period. 21.80% of the stock is owned by institutional investors.
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Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last posted its quarterly 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. Hydrogenics Corporation had a negative net margin of 39.04% and a negative return on equity of 88.76%. The company had revenue of $7.49 million during the quarter, compared to analyst estimates of $9.90 million. Equities research analysts expect that Hydrogenics Corporation will post ($0.68) earnings per share for the current fiscal year.
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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