Zacks Investment Research Upgrades UQM Technologies Inc (UQM) to “Buy”
UQM Technologies Inc (NYSE:UQM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $1.00 price objective on the industrial goods maker’s stock. Zacks Investment Research‘s target price indicates a potential upside of 14.86% from the stock’s previous close.
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. “
Separately, HC Wainwright set a $2.00 price target on UQM Technologies and gave the stock a “buy” rating in a research note on Sunday, April 2nd.
Shares of UQM Technologies (UQM) opened at 0.8706 on Friday. The stock has a 50 day moving average of $0.85 and a 200-day moving average of $0.61. UQM Technologies has a 12-month low of $0.42 and a 12-month high of $0.99. The firm’s market capitalization is $42.29 million.
UQM Technologies Company Profile
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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