Weekly Investment Analysts’ Ratings Changes for Hydrogenics Corporation (HYGS)

Several brokerages have updated their recommendations and price targets on shares of Hydrogenics Corporation (NASDAQ: HYGS) in the last few weeks:

  • 8/8/2017 – Hydrogenics Corporation had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $10.00 price target on the stock.
  • 8/4/2017 – Hydrogenics Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Hydrogenics Corporation develops proton exchange membrane fuel cell systems for commercialization, including related peripheral products and associated diagnostic and control equipment. Hydrogenics is recognized by key customers for its core competency in fuel cell operating systems while establishing a sustainable commercial business as a leading provider of systems for control and testing of proton exchange membrane fuel cells and stacks. Hydrogenics Corporation was founded in 1988 and is headquartered in Mississauga, Canada. “
  • 8/3/2017 – Hydrogenics Corporation was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 7/31/2017 – Hydrogenics Corporation was given a new $11.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 7/17/2017 – Hydrogenics Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “Hydrogenics Corporation develops proton exchange membrane fuel cell systems for commercialization, including related peripheral products and associated diagnostic and control equipment. Hydrogenics is recognized by key customers for its core competency in fuel cell operating systems while establishing a sustainable commercial business as a leading provider of systems for control and testing of proton exchange membrane fuel cells and stacks. Hydrogenics Corporation was founded in 1988 and is headquartered in Mississauga, Canada. “
  • 7/11/2017 – Hydrogenics Corporation was given a new $9.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 6/14/2017 – Hydrogenics Corporation was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of Hydrogenics Corporation (HYGS) traded down 0.65% during mid-day trading on Wednesday, reaching $7.70. 36,831 shares of the company’s stock traded hands. Hydrogenics Corporation has a 12-month low of $3.90 and a 12-month high of $11.25. The company’s 50 day moving average is $9.43 and its 200 day moving average is $7.42. The company’s market cap is $98.25 million.

Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last announced its earnings results on Wednesday, August 2nd. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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. On average, analysts predict that Hydrogenics Corporation will post ($0.68) EPS for the current fiscal year.

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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