News articles about Hydrogenics (NASDAQ:HYGS) (TSE:HYG) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hydrogenics earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave press coverage about the energy company an impact score of 45.6906317410902 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Hydrogenics (HYGS) Lowered to Strong Sell at Zacks Investment Research (americanbankingnews.com)
- Hydrogenics (HYGS) Downgraded to “Strong Sell” at ValuEngine (americanbankingnews.com)
- Hydrogenics (HYGS) Rating Reiterated by Cowen (americanbankingnews.com)
- Analysts Expect Hydrogenics Co. (HYGS) Will Post Quarterly Sales of $10.20 Million (americanbankingnews.com)
- Hydrogenics Corp’s (NASDAQ:HYGS) Sentiment is 1.64 (nmsuherald.com)
Several brokerages have issued reports on HYGS. ValuEngine downgraded shares of Hydrogenics from a “sell” rating to a “strong sell” rating in a research note on Saturday. Zacks Investment Research raised shares of Hydrogenics from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Finally, HC Wainwright set a $10.00 price objective on shares of Hydrogenics and gave the company a “buy” rating in a report on Friday, March 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Hydrogenics currently has a consensus rating of “Hold” and an average price target of $10.50.
Hydrogenics (NASDAQ:HYGS) (TSE:HYG) last released its quarterly earnings results on Thursday, March 8th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.03). Hydrogenics had a negative return on equity of 57.54% and a negative net margin of 23.18%. The firm had revenue of $19.53 million during the quarter, compared to analysts’ expectations of $16.43 million. analysts forecast that Hydrogenics will post -0.13 EPS for the current year.
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Hydrogenics Company Profile
Hydrogenics Corp. designs, develops and manufactures hydrogen generation and fuel cell products based on water electrolysis technology and proton exchange membrane technology. It operates through two segments: OnSite Generation and Power Systems. The OnSite Generation segment is based on water electrolysis technology which involves the decomposition of water into oxygen and hydrogen gas by passing an electric current through a liquid electrolyte and a polymer electrolyte membrane.
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