Zacks Investment Research Lowers UQM Technologies (UQM) to Hold
UQM Technologies (NYSEAMERICAN:UQM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
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 shares of UQM Technologies and gave the stock a “buy” rating in a research note on Thursday, October 19th.
UQM Technologies (UQM) traded up $0.13 during midday trading on Friday, reaching $1.51. 1,070,000 shares of the company were exchanged, compared to its average volume of 454,334. The company has a market capitalization of $81.62, a PE ratio of -6.04 and a beta of 0.14. UQM Technologies has a twelve month low of $0.42 and a twelve month high of $1.79.
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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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