Hydrogenics Corporation (HYGS) Given a $9.00 Price Target by Cowen and Company Analysts
Cowen and Company set a $9.00 price target on Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) in a report issued on Friday, June 9th. The firm currently has a market perform rating on the energy company’s stock.
Other equities analysts have also recently issued reports about the company. Roth Capital reaffirmed a buy rating and issued a $11.00 price objective on shares of Hydrogenics Corporation in a report on Wednesday, March 1st. Zacks Investment Research upgraded Hydrogenics Corporation from a hold rating to a buy rating and set a $8.00 price target on the stock in a research note on Tuesday, May 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $9.50.
Shares of Hydrogenics Corporation (NASDAQ:HYGS) traded down 2.43% on Friday, hitting $10.05. The stock had a trading volume of 134,319 shares. Hydrogenics Corporation has a 52 week low of $3.90 and a 52 week high of $10.85. The stock’s 50-day moving average price is $7.68 and its 200 day moving average price is $6.26. The company’s market cap is $126.10 million.
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Several hedge funds and other institutional investors have recently made changes to their positions in HYGS. PEAK6 Investments L.P. acquired a new position in shares of Hydrogenics Corporation during the first quarter worth about $111,000. KBC Group NV increased its position in Hydrogenics Corporation by 7.3% in the first quarter. KBC Group NV now owns 43,703 shares of the energy company’s stock worth $293,000 after buying an additional 2,969 shares during the period. Parametric Portfolio Associates LLC bought a new stake in shares of Hydrogenics Corporation during the first quarter valued at approximately $655,000. Finally, TSP Capital Management Group LLC increased its stake in shares of Hydrogenics Corporation by 64.7% in the first quarter. TSP Capital Management Group LLC now owns 928,106 shares of the energy company’s stock valued at $6,218,000 after buying an additional 364,440 shares during the period. 20.84% of the stock is currently owned by institutional investors.
Hydrogenics Corporation Company Profile
Hydrogenics Corp is a Canada-based firm, which designs and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets.
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