BidaskClub Upgrades Hydrogenics (NASDAQ:HYGS) to Strong-Buy

BidaskClub upgraded shares of Hydrogenics (NASDAQ:HYGS) (TSE:HYG) from a buy rating to a strong-buy rating in a report issued on Tuesday morning, BidAskClub reports.

Other analysts have also recently issued research reports about the company. ValuEngine upgraded Hydrogenics from a buy rating to a strong-buy rating in a research report on Thursday, May 30th. Craig Hallum cut Hydrogenics from a buy rating to a hold rating in a research report on Friday, June 28th. Canaccord Genuity cut Hydrogenics from a buy rating to a hold rating in a research report on Friday, June 28th. Roth Capital upped their price target on Hydrogenics from $8.50 to $15.00 and gave the stock a neutral rating in a research report on Monday, July 1st. Finally, HC Wainwright cut Hydrogenics from a buy rating to a neutral rating in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a strong buy rating to the company. Hydrogenics has an average rating of Hold and a consensus price target of $10.92.

Shares of NASDAQ:HYGS traded down $0.01 during midday trading on Tuesday, reaching $14.95. 1,000 shares of the company’s stock traded hands, compared to its average volume of 230,528. The company has a market capitalization of $284.13 million, a P/E ratio of -17.38 and a beta of 0.63. Hydrogenics has a one year low of $3.80 and a one year high of $16.50. The stock’s 50 day moving average price is $14.64.



Hydrogenics (NASDAQ:HYGS) (TSE:HYG) last announced its quarterly earnings results on Tuesday, May 14th. The energy company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $8.08 million for the quarter, compared to the consensus estimate of $9.55 million. Hydrogenics had a negative net margin of 41.47% and a negative return on equity of 78.93%. Equities analysts forecast that Hydrogenics will post -0.44 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. NJ State Employees Deferred Compensation Plan increased its position in Hydrogenics by 11.1% in the first quarter. NJ State Employees Deferred Compensation Plan now owns 40,000 shares of the energy company’s stock worth $317,000 after buying an additional 4,000 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in Hydrogenics in the second quarter worth about $309,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Hydrogenics in the second quarter worth about $325,000. SG Americas Securities LLC purchased a new stake in Hydrogenics in the second quarter worth about $764,000. Finally, Gabelli Funds LLC purchased a new stake in Hydrogenics in the second quarter worth about $2,180,000. Institutional investors and hedge funds own 10.16% of the company’s stock.

Hydrogenics Company Profile

Hydrogenics Corporation, together with its subsidiaries, designs, develops, and manufactures hydrogen generation products based on water electrolysis technology; and fuel cell products based on proton exchange membrane (PEM) technology. It operates through two segments, OnSite Generation and Power Systems.

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