Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) has earned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $10.00.

HYGS has been the subject of a number of recent research reports. Cowen and Company set a $9.00 price objective on Hydrogenics Corporation and gave the company a “market perform” rating in a research report on Friday, June 9th. ValuEngine upgraded Hydrogenics Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Monday, July 17th. Roth Capital set a $11.00 price objective on Hydrogenics Corporation and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Hydrogenics Corporation in a report on Tuesday, August 8th.

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Shares of Hydrogenics Corporation (NASDAQ:HYGS) traded up 2.52% during midday trading on Wednesday, hitting $8.15. The stock had a trading volume of 46,337 shares. The firm’s market cap is $124.14 million. Hydrogenics Corporation has a 12-month low of $3.90 and a 12-month high of $11.25. The company’s 50-day moving average price is $7.97 and its 200-day moving average price is $7.92.

Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last announced its quarterly earnings data on Wednesday, August 2nd. The energy company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.30). Hydrogenics Corporation had a negative net margin of 39.04% and a negative return on equity of 88.76%. The company had revenue of $7.49 million for the quarter, compared to analyst estimates of $9.90 million. Equities research analysts forecast that Hydrogenics Corporation will post ($0.77) EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manatuck Hill Partners LLC purchased a new stake in shares of Hydrogenics Corporation in the second quarter valued at $3,030,000. Virtu KCG Holdings LLC purchased a new stake in shares of Hydrogenics Corporation in the second quarter valued at $401,000. Wells Fargo & Company MN lifted its holdings in shares of Hydrogenics Corporation by 639.5% in the second quarter. Wells Fargo & Company MN now owns 15,462 shares of the energy company’s stock valued at $157,000 after purchasing an additional 13,371 shares in the last quarter. Delta Lloyd Asset Management N.V. purchased a new stake in shares of Hydrogenics Corporation in the second quarter valued at $1,515,000. Finally, TSP Capital Management Group LLC lifted its holdings in shares of Hydrogenics Corporation by 7.1% in the second quarter. TSP Capital Management Group LLC now owns 993,958 shares of the energy company’s stock valued at $10,039,000 after purchasing an additional 65,852 shares in the last quarter. Institutional investors own 19.16% of the company’s stock.

Hydrogenics Corporation Company Profile

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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