Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) received a $10.00 price target from investment analysts at HC Wainwright in a report issued on Tuesday. The brokerage presently has a “buy” rating on the energy company’s stock. HC Wainwright’s target price indicates a potential upside of 36.05% from the stock’s current price.
Several other research firms also recently issued reports on HYGS. Cowen and Company set a $9.00 price target on shares of Hydrogenics Corporation and gave the company a “hold” rating in a research note on Tuesday, July 11th. Roth Capital set a $11.00 price objective on shares of Hydrogenics Corporation and gave the stock a “buy” rating in a research report on Monday, July 31st. ValuEngine upgraded shares of Hydrogenics Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded shares of Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Hydrogenics Corporation has a consensus rating of “Hold” and an average price target of $10.00.
Shares of Hydrogenics Corporation (HYGS) opened at 7.35 on Tuesday. Hydrogenics Corporation has a 12-month low of $3.90 and a 12-month high of $11.25. The firm’s 50-day moving average is $9.69 and its 200-day moving average is $7.42. The firm’s market cap is $93.79 million.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last released its quarterly 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. The business had revenue of $7.49 million for the quarter, compared to the consensus estimate of $9.90 million. Hydrogenics Corporation had a negative net margin of 39.04% and a negative return on equity of 88.76%. Analysts predict that Hydrogenics Corporation will post ($0.68) earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of HYGS. PEAK6 Investments L.P. bought a new stake in Hydrogenics Corporation during the first quarter worth approximately $111,000. Stratos Wealth Partners LTD. boosted its stake in Hydrogenics Corporation by 9.7% in the second quarter. Stratos Wealth Partners LTD. now owns 11,350 shares of the energy company’s stock worth $115,000 after buying an additional 1,000 shares during the last quarter. 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 worth $293,000 after buying an additional 2,969 shares during the last quarter. Parametric Portfolio Associates LLC bought a new stake in Hydrogenics Corporation during the first quarter worth approximately $655,000. 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 worth $1,076,000 after buying an additional 8,663 shares during the last quarter. Institutional investors and hedge funds own 21.80% of the company’s stock.
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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