Hydrogenics (NASDAQ:HYGS) (TSE:HYG) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday.

Several other analysts also recently weighed in on HYGS. Cowen set a $9.00 price target on Hydrogenics and gave the stock a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded Hydrogenics from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. HC Wainwright restated a “buy” rating and issued a $10.00 price target on shares of Hydrogenics in a research note on Tuesday, August 8th. Finally, Roth Capital set a $11.00 price target on Hydrogenics and gave the stock a “buy” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $10.00.

Hydrogenics (NASDAQ:HYGS) traded up $0.05 during trading on Friday, hitting $9.80. The company had a trading volume of 25,578 shares, compared to its average volume of 81,575. Hydrogenics has a 52 week low of $3.90 and a 52 week high of $11.25.

A number of institutional investors and hedge funds have recently modified their holdings of HYGS. Manatuck Hill Partners LLC purchased a new stake in Hydrogenics during the 2nd quarter valued at $3,030,000. Delta Lloyd Asset Management N.V. purchased a new stake in Hydrogenics during the 2nd quarter valued at $1,515,000. Granite Investment Partners LLC purchased a new stake in Hydrogenics during the 2nd quarter valued at $1,468,000. PEAK6 Investments L.P. boosted its stake in Hydrogenics by 241.0% during the 3rd quarter. PEAK6 Investments L.P. now owns 100,355 shares of the energy company’s stock valued at $818,000 after purchasing an additional 70,924 shares during the last quarter. Finally, TSP Capital Management Group LLC boosted its stake in Hydrogenics by 7.1% during the 2nd quarter. TSP Capital Management Group LLC now owns 993,958 shares of the energy company’s stock valued at $10,039,000 after purchasing an additional 65,852 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

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Hydrogenics 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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