Zacks Investment Research upgraded shares of UQM Technologies Inc (NYSE:UQM) from a hold rating to a buy rating in a research note issued to investors on Friday. Zacks Investment Research currently has $1.25 price target on the industrial goods maker’s stock.

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 target price on shares of UQM Technologies and gave the stock a buy rating in a research note on Thursday, October 19th.

UQM Technologies (NYSE:UQM) remained flat at $$1.14 during mid-day trading on Friday. The company had a trading volume of 71,135 shares, compared to its average volume of 214,843. UQM Technologies has a 12 month low of $0.42 and a 12 month high of $1.47.

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A hedge fund recently raised its stake in UQM Technologies stock. Raymond James Financial Services Advisors Inc. raised its holdings in shares of UQM Technologies Inc (NYSE:UQM) by 22.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 274,266 shares of the industrial goods maker’s stock after acquiring an additional 50,000 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.56% of UQM Technologies worth $233,000 at the end of the most recent quarter.

About UQM Technologies

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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