UQM Technologies Inc (NYSE:UQM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a $1.00 price objective on the industrial goods maker’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.65% from the company’s previous close.
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 set a $2.00 target price on UQM Technologies and gave the stock a “buy” rating in a research report on Sunday, April 2nd.
Shares of UQM Technologies (UQM) traded up 0.01% during midday trading on Thursday, hitting $0.88. The stock had a trading volume of 7,056 shares. The stock’s market cap is $42.75 million. The firm has a 50 day moving average price of $0.80 and a 200 day moving average price of $0.57. UQM Technologies has a one year low of $0.42 and a one year high of $0.99.
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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