Zacks Investment Research upgraded shares of UQM Technologies Inc (NYSE:UQM) from a hold rating to a buy rating in a research note issued to investors on Friday. The firm currently has $1.00 price target on the industrial goods maker’s stock.
According to Zacks, “UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company’s headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado. “
Separately, HC Wainwright set a $2.00 target price on shares of UQM Technologies and gave the company a buy rating in a report on Sunday, April 2nd.
UQM Technologies (UQM) traded up 2.23% during midday trading on Friday, hitting $0.89. 169,122 shares of the company were exchanged. The stock has a 50 day moving average of $0.85 and a 200 day moving average of $0.61. UQM Technologies has a 1-year low of $0.42 and a 1-year high of $0.99. The firm’s market capitalization is $43.24 million.
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UQM Technologies Company Profile
UQM Technologies, Inc, (UQM) develops, manufactures and sells electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. The Company’s focus is incorporating its technology as propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, delivering the heart of the electric vehicle.
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