HC Wainwright Reiterates “$2.00” Price Target for UQM Technologies Inc (NYSE:UQM)

HC Wainwright set a $2.00 target price on UQM Technologies Inc (NYSE:UQM) in a report published on Tuesday morning. The brokerage currently has a buy rating on the industrial goods maker’s stock.

Separately, Zacks Investment Research downgraded UQM Technologies from a strong-buy rating to a hold rating in a research report on Thursday, June 1st.

UQM Technologies (UQM) opened at 0.7725 on Tuesday. UQM Technologies has a 52-week low of $0.42 and a 52-week high of $0.99. The firm’s 50 day moving average price is $0.87 and its 200 day moving average price is $0.65. The firm’s market cap is $37.52 million.

UQM Technologies (NYSE:UQM) last issued its quarterly earnings results on Monday, August 7th. The industrial goods maker reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.01. The business had revenue of $1.79 million for the quarter. UQM Technologies had a negative net margin of 75.36% and a negative return on equity of 79.21%. During the same period last year, the firm earned ($0.01) earnings per share. Equities research analysts anticipate that UQM Technologies will post ($0.08) EPS for the current fiscal year.

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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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