UQM Technologies Inc (UQM) Given a $2.00 Price Target by HC Wainwright Analysts
UQM Technologies Inc (NYSE:UQM) received a $2.00 price objective from analysts at HC Wainwright in a research report issued on Thursday. The brokerage currently has a “buy” rating on the industrial goods maker’s stock. HC Wainwright’s target price suggests a potential upside of 76.99% from the company’s previous close.
Separately, Zacks Investment Research raised UQM Technologies from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a research note on Thursday, July 13th.
UQM Technologies (NYSE:UQM) traded up 6.19% during trading on Thursday, hitting $1.20. The stock had a trading volume of 190,478 shares. The stock has a 50 day moving average price of $1.11 and a 200-day moving average price of $0.84. The stock’s market cap is $58.37 million. UQM Technologies has a 12 month low of $0.42 and a 12 month high of $1.47.
UQM Technologies (NYSE:UQM) last issued its quarterly earnings results on Monday, August 7th. The industrial goods maker reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). UQM Technologies had a negative return on equity of 79.21% and a negative net margin of 75.36%. The business had revenue of $1.79 million for the quarter. During the same period in the prior year, the company earned ($0.01) earnings per share. On average, equities analysts predict that UQM Technologies will post ($0.02) EPS for the current year.
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An institutional investor recently raised its position in UQM Technologies stock. Wells Fargo & Company MN grew its stake in UQM Technologies Inc (NYSE:UQM) by 109.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,500 shares of the industrial goods maker’s stock after acquiring an additional 97,500 shares during the quarter. Wells Fargo & Company MN owned about 0.38% of UQM Technologies worth $114,000 at the end of the most recent quarter.
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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