Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) shares reached a new 52-week high on Monday . The stock traded as high as $11.32 and last traded at $10.30, with a volume of 83800 shares traded. The stock had previously closed at $10.10.

Several research analysts recently weighed in on HYGS shares. ValuEngine cut shares of Hydrogenics from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of Hydrogenics from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 4th. Cowen reaffirmed a “hold” rating and issued a $9.00 target price on shares of Hydrogenics in a research note on Tuesday, October 17th. Roth Capital set a $11.00 target price on Hydrogenics and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $10.00 target price on shares of Hydrogenics in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Hydrogenics has a consensus rating of “Hold” and an average target price of $10.00.

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAM Holding AG boosted its stake in Hydrogenics 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 in the last quarter. Wells Fargo & Company MN boosted its stake in Hydrogenics by 639.5% in the second quarter. Wells Fargo & Company MN now owns 15,462 shares of the energy company’s stock worth $157,000 after buying an additional 13,371 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in Hydrogenics in the second quarter worth approximately $401,000. TSP Capital Management Group LLC boosted its stake in Hydrogenics by 7.1% in the second quarter. TSP Capital Management Group LLC now owns 993,958 shares of the energy company’s stock worth $10,039,000 after buying an additional 65,852 shares in the last quarter. Finally, PEAK6 Investments L.P. boosted its stake in Hydrogenics by 241.0% in the third quarter. PEAK6 Investments L.P. now owns 100,355 shares of the energy company’s stock worth $818,000 after buying an additional 70,924 shares in the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

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About Hydrogenics

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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