UQM Technologies (UQM) Downgraded by Zacks Investment Research

UQM Technologies (NYSEAMERICAN:UQM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

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 restated a “buy” rating and set a $1.50 target price on shares of UQM Technologies in a research report on Monday, November 6th.

Shares of UQM Technologies (NYSEAMERICAN UQM) traded up $0.13 during midday trading on Friday, reaching $1.51. The company’s stock had a trading volume of 1,070,000 shares, compared to its average volume of 454,334. UQM Technologies has a 52 week low of $0.42 and a 52 week high of $1.79. The company has a market capitalization of $81.62, a PE ratio of -6.04 and a beta of 0.14.

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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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