Hydrogenics (NASDAQ:HYGS) (TSE:HYG) posted its quarterly earnings results on Friday. The energy company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.03, MarketWatch Earnings reports. The company had revenue of $10.48 million during the quarter, compared to analysts’ expectations of $10.05 million. Hydrogenics had a negative net margin of 26.37% and a negative return on equity of 58.33%.
Shares of NASDAQ:HYGS opened at $8.15 on Friday. Hydrogenics has a 52-week low of $3.80 and a 52-week high of $9.10. The company has a market capitalization of $154.73 million, a price-to-earnings ratio of -10.19 and a beta of 0.85.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Hydrogenics from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Roth Capital cut shares of Hydrogenics from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research note on Wednesday, January 30th. Canaccord Genuity assumed coverage on shares of Hydrogenics in a research note on Wednesday, January 16th. They set a “speculative buy” rating and a $8.75 price target on the stock. HC Wainwright set a $8.00 price target on shares of Hydrogenics and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. Finally, ValuEngine raised shares of Hydrogenics from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Hydrogenics currently has a consensus rating of “Hold” and an average price target of $8.31.
Hedge funds have recently added to or reduced their stakes in the company. Emancipation Management LLC lifted its stake in Hydrogenics by 43.1% during the fourth quarter. Emancipation Management LLC now owns 37,200 shares of the energy company’s stock worth $186,000 after purchasing an additional 11,200 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Hydrogenics in the third quarter valued at $133,000. Finally, Heartland Advisors Inc. lifted its stake in Hydrogenics by 7.7% in the third quarter. Heartland Advisors Inc. now owns 1,018,042 shares of the energy company’s stock valued at $7,381,000 after buying an additional 73,042 shares during the last quarter. 16.45% of the stock is owned by institutional investors and hedge funds.
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Hydrogenics Company Profile
Hydrogenics Corporation, together with its subsidiaries, designs, develops, and manufactures hydrogen generation products based on water electrolysis technology; and fuel cell products based on proton exchange membrane technology. It operates in two segments, OnSite Generation and Power Systems. The OnSite Generation segment develops products for industrial gas, hydrogen fueling, and renewable energy storage markets.
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