UQM Technologies Inc (NYSE:UQM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
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. “
UQM Technologies (NYSE:UQM) opened at 0.442 on Tuesday. The firm’s market capitalization is $21.45 million. The firm has a 50-day moving average price of $0.47 and a 200-day moving average price of $0.56. UQM Technologies has a 1-year low of $0.42 and a 1-year high of $0.90.
UQM Technologies (NYSE:UQM) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.03. Equities analysts expect that UQM Technologies will post ($0.16) earnings per share for the current fiscal year.
An institutional investor recently raised its position in UQM Technologies stock. Wells Fargo & Company MN boosted its position in shares of UQM Technologies Inc (NYSE:UQM) by 109.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 186,500 shares of the company’s stock after buying an additional 97,500 shares during the period. Wells Fargo & Company MN owned approximately 0.38% of UQM Technologies worth $114,000 at the end of the most recent quarter.
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.
Get a free copy of the Zacks research report on UQM Technologies (UQM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com