Zacks Investment Research cut shares of UQM Technologies Inc (NYSE:UQM) from a hold rating to a sell rating in a research note released 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. “

Shares of UQM Technologies (NYSE:UQM) traded up 1.05% during trading on Thursday, hitting $0.49. 9,375 shares of the company were exchanged. The company has a 50 day moving average of $0.55 and a 200-day moving average of $0.64. The stock’s market capitalization is $23.75 million. UQM Technologies has a 1-year low of $0.43 and a 1-year high of $0.90.

UQM Technologies (NYSE:UQM) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.03. On average, analysts forecast that UQM Technologies will post ($0.13) earnings per share for the current year.

A hedge fund recently raised its stake in UQM Technologies stock. Wells Fargo & Company MN raised its stake in shares of UQM Technologies Inc (NYSE:UQM) by 109.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,500 shares of the company’s stock after buying an additional 97,500 shares during the period. Wells Fargo & Company MN owned about 0.38% of UQM Technologies worth $114,000 as of its most recent filing with the SEC.

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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