Zacks: Uqm Technologies Inc (UQM) Receives Consensus Recommendation of “Strong Buy” from Brokerages

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Uqm Technologies Inc (NASDAQ:UQM) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price objective of $2.50 for the company and are anticipating that the company will post ($0.05) EPS for the current quarter, according to Zacks. Zacks has also given Uqm Technologies an industry rank of 120 out of 257 based on the ratings given to related companies.

Separately, HC Wainwright reaffirmed a “buy” rating on shares of Uqm Technologies in a research note on Friday, November 2nd.

Shares of UQM opened at $1.22 on Wednesday. Uqm Technologies has a 52-week low of $0.89 and a 52-week high of $1.79.

Uqm Technologies (NASDAQ:UQM) last announced its earnings results on Wednesday, October 31st. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $4.39 million for the quarter, compared to analyst estimates of $3.53 million.

About Uqm Technologies

UQM Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells electric motors, generators, power electronic controllers, and fuel cell compressors in the United states and internationally. The company offers propulsion motors and generators, auxiliary motors, and electronic controls and DC-to-DC converters for electric, hybrid electric, plug-in hybrid electric, and fuel cell applications.

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