Granite Investment Partners LLC bought a new stake in Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 145,301 shares of the energy company’s stock, valued at approximately $1,468,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. TSP Capital Management Group LLC boosted its position in shares of Hydrogenics Corporation by 64.7% in the first quarter. TSP Capital Management Group LLC now owns 928,106 shares of the energy company’s stock valued at $6,218,000 after buying an additional 364,440 shares during the period. Parametric Portfolio Associates LLC acquired a new position in shares of Hydrogenics Corporation during the first quarter valued at about $655,000. KBC Group NV boosted its position in shares of Hydrogenics Corporation by 7.3% in the first quarter. KBC Group NV now owns 43,703 shares of the energy company’s stock valued at $293,000 after buying an additional 2,969 shares during the period. PEAK6 Investments L.P. acquired a new position in shares of Hydrogenics Corporation during the first quarter valued at about $111,000. Finally, Stratos Wealth Partners LTD. boosted its position in shares of Hydrogenics Corporation by 9.7% in the second quarter. Stratos Wealth Partners LTD. now owns 11,350 shares of the energy company’s stock valued at $115,000 after buying an additional 1,000 shares during the period. 21.80% of the stock is owned by hedge funds and other institutional investors.

Hydrogenics Corporation (HYGS) opened at 7.25 on Friday. The stock’s market cap is $110.43 million. Hydrogenics Corporation has a 12-month low of $3.90 and a 12-month high of $11.25. The firm has a 50-day moving average of $9.02 and a 200-day moving average of $7.51.

Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last released its earnings results on Wednesday, August 2nd. The energy company reported ($0.45) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.30. Hydrogenics Corporation had a negative return on equity of 88.76% and a negative net margin of 39.04%. The firm had revenue of $7.49 million during the quarter, compared to analyst estimates of $9.90 million. Equities analysts predict that Hydrogenics Corporation will post ($0.68) earnings per share for the current fiscal year.

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HYGS has been the subject of a number of recent analyst reports. Cowen and Company set a $9.00 price objective on shares of Hydrogenics Corporation and gave the company a “hold” rating in a report on Tuesday, July 11th. Roth Capital set a $11.00 price objective on shares of Hydrogenics Corporation and gave the company a “buy” rating in a report on Monday, July 31st. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Hydrogenics Corporation in a report on Tuesday, August 8th. ValuEngine raised shares of Hydrogenics Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Zacks Investment Research raised shares of Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $10.00.

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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Institutional Ownership by Quarter for Hydrogenics Corporation (NASDAQ:HYGS)

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