Wall Street brokerages forecast that Hydrogenics Co. (NASDAQ:HYGS) (TSE:HYG) will post earnings of ($0.04) per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Hydrogenics’ earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at $0.04. Hydrogenics reported earnings of ($0.20) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 80%. The firm is expected to report 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 year, with EPS estimates ranging from ($0.87) to ($0.73). For the next year, analysts anticipate that the company will post earnings of ($0.08) per share, with EPS estimates ranging from ($0.18) to $0.11. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Hydrogenics.
Several brokerages have recently commented on HYGS. Zacks Investment Research raised Hydrogenics from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Wednesday, January 3rd. ValuEngine lowered Hydrogenics from a “hold” rating to a “sell” rating in a report on Friday, December 1st. HC Wainwright reissued a “buy” rating and set a $10.00 price objective on shares of Hydrogenics in a report on Tuesday, November 7th. 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. Finally, Cowen restated a “hold” rating and issued a $9.00 target price on shares of Hydrogenics in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.50.
A number of large investors have recently added to or reduced their stakes in HYGS. PEAK6 Investments L.P. lifted its position in Hydrogenics by 241.0% in the 3rd quarter. PEAK6 Investments L.P. now owns 100,355 shares of the energy company’s stock worth $818,000 after buying an additional 70,924 shares during the last quarter. Virtu KCG Holdings LLC bought a new stake in Hydrogenics in the 2nd quarter worth approximately $401,000. Finally, Wells Fargo & Company MN lifted its position in Hydrogenics by 639.5% in the 2nd quarter. Wells Fargo & Company MN now owns 15,462 shares of the energy company’s stock worth $157,000 after buying an additional 13,371 shares during the last quarter. Institutional investors own 24.56% of the company’s stock.
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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