UQM Technologies Inc (UQM) Stock Rating Lowered by Zacks Investment Research
UQM Technologies Inc (NYSE:UQM) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday.
According to Zacks, “UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company’s headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado. “
Separately, HC Wainwright set a $2.00 price objective on UQM Technologies and gave the company a “buy” rating in a research report on Sunday, April 2nd.
Shares of UQM Technologies (UQM) opened at 0.78 on Thursday. The stock has a 50 day moving average price of $0.64 and a 200-day moving average price of $0.52. The company’s market cap is $37.89 million. UQM Technologies has a 1-year low of $0.42 and a 1-year high of $0.90.
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UQM Technologies Company Profile
UQM Technologies, Inc, (UQM) develops, manufactures and sells electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. The Company’s focus is incorporating its technology as propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, delivering the heart of the electric vehicle.
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