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Zacks Investment Research Lowers UQM Technologies Inc (UQM) to Hold
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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 price target on shares of UQM Technologies and gave the company a buy rating in a report on Sunday, April 2nd.
Shares of UQM Technologies (NYSE:UQM) opened at 0.89 on Thursday. The stock’s 50 day moving average price is $0.85 and its 200 day moving average price is $0.61. UQM Technologies has a 1-year low of $0.42 and a 1-year high of $0.99. The company’s market capitalization is $43.24 million.
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About UQM Technologies
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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