Wall Street analysts forecast that Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) will post earnings of ($0.04) per share for the current quarter, Zacks reports. Three analysts have provided estimates for Hydrogenics’ earnings. The highest EPS estimate is $0.04 and the lowest is ($0.10). Hydrogenics reported earnings of ($0.20) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 80%. The company is scheduled to issue its next earnings results on Wednesday, March 14th.

On average, analysts expect that Hydrogenics will report full-year earnings of ($0.79) per share for the current fiscal year, with EPS estimates ranging from ($0.87) to ($0.73). For the next financial year, analysts forecast that the business will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.18) to $0.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Hydrogenics.

Several analysts have recently weighed in on the company. ValuEngine upgraded Hydrogenics from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. HC Wainwright reiterated a “buy” rating and set a $10.00 target price on shares of Hydrogenics in a research report on Tuesday, August 8th. Cowen set a $9.00 target price on Hydrogenics and gave the stock a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Hydrogenics from a “strong sell” rating to a “hold” rating in a research report on Monday, October 16th. Finally, Roth Capital set a $11.00 target price on Hydrogenics and gave the stock a “buy” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.00.

Hydrogenics (NASDAQ:HYGS) traded up $0.15 during trading hours on Wednesday, hitting $9.95. The stock had a trading volume of 40,100 shares, compared to its average volume of 80,367. Hydrogenics has a fifty-two week low of $3.90 and a fifty-two week high of $11.25.

Hedge funds have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. raised its holdings in shares of Hydrogenics by 9.7% in the second quarter. Stratos Wealth Partners LTD. now owns 11,350 shares of the energy company’s stock valued at $115,000 after acquiring an additional 1,000 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Hydrogenics by 639.5% in the second quarter. Wells Fargo & Company MN now owns 15,462 shares of the energy company’s stock valued at $157,000 after acquiring an additional 13,371 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of Hydrogenics in the second quarter valued at about $401,000. PEAK6 Investments L.P. raised its holdings in shares of Hydrogenics by 241.0% in the third quarter. PEAK6 Investments L.P. now owns 100,355 shares of the energy company’s stock valued at $818,000 after acquiring an additional 70,924 shares in the last quarter. Finally, GAM Holding AG raised its holdings in shares of Hydrogenics by 8.9% in the second quarter. GAM Holding AG now owns 106,500 shares of the energy company’s stock valued at $1,076,000 after acquiring an additional 8,663 shares in the last quarter. Hedge funds and other institutional investors 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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