Zacks Investment Research upgraded shares of UQM Technologies Inc (NYSE:UQM) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

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. “

Shares of UQM Technologies (NYSE:UQM) opened at 0.59 on Tuesday. The stock’s market capitalization is $28.59 million. The firm’s 50 day moving average is $0.60 and its 200 day moving average is $0.66. UQM Technologies has a 12 month low of $0.43 and a 12 month high of $1.65.

An institutional investor recently raised its position in UQM Technologies stock. Vanguard Group Inc. raised its stake in UQM Technologies Inc (NYSE:UQM) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 963,139 shares of the company’s stock after buying an additional 4,900 shares during the period. Vanguard Group Inc. owned approximately 1.99% of UQM Technologies worth $607,000 as of its most recent SEC filing.

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.

5 Day Chart for NYSE:UQM

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