ValuEngine downgraded shares of Hydrogenics (NASDAQ:HYGS) (TSE:HYG) from a hold rating to a sell rating in a research note released on Friday morning.
A number of other research firms have also recently issued reports on HYGS. Cowen reaffirmed a hold rating and issued a $9.00 price objective on shares of Hydrogenics in a research report on Tuesday, October 17th. Zacks Investment Research raised Hydrogenics from a strong sell rating to a hold rating in a research report on Monday, October 16th. HC Wainwright reaffirmed a buy rating and issued a $10.00 price objective on shares of Hydrogenics in a research report on Tuesday, November 7th. Finally, Roth Capital set a $11.00 price objective on Hydrogenics and gave the company a buy rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $10.00.
Hydrogenics (NASDAQ:HYGS) traded up $0.05 on Friday, hitting $9.80. The stock had a trading volume of 25,500 shares, compared to its average volume of 80,753. Hydrogenics has a 52 week low of $3.90 and a 52 week high of $11.25.
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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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