Roth Capital Reaffirms Buy Rating for Hydrogenics (HYGS)

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Roth Capital reaffirmed their buy rating on shares of Hydrogenics (NASDAQ:HYGS) (TSE:HYG) in a research note issued to investors on Wednesday.

Several other brokerages have also issued reports on HYGS. Zacks Investment Research raised Hydrogenics from a strong sell rating to a hold rating in a research note on Wednesday, October 3rd. HC Wainwright reaffirmed a buy rating and issued a $10.00 target price on shares of Hydrogenics in a research note on Wednesday, September 26th. Finally, ValuEngine raised Hydrogenics from a strong sell rating to a sell rating in a research note on Monday, August 13th.

HYGS traded down $0.16 during midday trading on Wednesday, hitting $6.30. The stock had a trading volume of 194 shares, compared to its average volume of 41,778. The firm has a market cap of $97.47 million, a P/E ratio of -7.82 and a beta of 0.33. Hydrogenics has a 1 year low of $4.95 and a 1 year high of $11.99.

Hydrogenics (NASDAQ:HYGS) (TSE:HYG) last issued its earnings results on Thursday, August 2nd. The energy company reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.19). The firm had revenue of $7.61 million during the quarter, compared to analysts’ expectations of $10.65 million. Hydrogenics had a negative return on equity of 46.22% and a negative net margin of 20.82%. As a group, equities research analysts anticipate that Hydrogenics will post -0.49 EPS for the current year.

A hedge fund recently bought a new stake in Hydrogenics stock. A.R.T. Advisors LLC acquired a new stake in shares of Hydrogenics Co. (NASDAQ:HYGS) (TSE:HYG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,020 shares of the energy company’s stock, valued at approximately $165,000. A.R.T. Advisors LLC owned 0.13% of Hydrogenics as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 23.67% of the company’s stock.

About Hydrogenics

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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