UQM Technologies Inc (UQM) PT Set at $2.00 by HC Wainwright

UQM Technologies Inc (NYSE:UQM) received a $2.00 target price from equities research analysts at HC Wainwright in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the industrial goods maker’s stock. HC Wainwright’s target price indicates a potential upside of 117.51% from the stock’s previous close.

Separately, Zacks Investment Research cut UQM Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 14th.

Shares of UQM Technologies (NYSE:UQM) opened at 0.9195 on Tuesday. The stock’s market cap is $44.73 million. UQM Technologies has a 1-year low of $0.42 and a 1-year high of $0.99. The firm has a 50-day moving average price of $0.84 and a 200-day moving average price of $0.67.

UQM Technologies (NYSE:UQM) last issued its earnings results on Monday, August 7th. The industrial goods maker reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.01. UQM Technologies had a negative net margin of 75.36% and a negative return on equity of 79.21%. The firm had revenue of $1.79 million during the quarter. During the same quarter in the prior year, the firm earned ($0.01) EPS. Equities analysts forecast 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. Raymond James Financial Services Advisors Inc. increased its stake in shares of UQM Technologies Inc (NYSE:UQM) by 22.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,266 shares of the industrial goods maker’s stock after buying an additional 50,000 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.56% of UQM Technologies worth $233,000 at the end of the most recent reporting period.

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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