Zacks Investment Research upgraded shares of UQM Technologies (NYSEAMERICAN:UQM) from a hold rating to a buy rating in a research note released on Saturday morning. They currently have $1.75 target price on the industrial goods maker’s stock.
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. “
Get UQM Technologies alerts:Separately, HC Wainwright downgraded UQM Technologies from a buy rating to a neutral rating and lowered their price target for the stock from $2.50 to $2.00 in a research report on Wednesday, January 23rd.
Shares of NYSEAMERICAN UQM opened at $1.67 on Friday. UQM Technologies has a twelve month low of $0.80 and a twelve month high of $1.68.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of UQM Technologies by 9.8% in the second quarter. BlackRock Inc. now owns 1,549,971 shares of the industrial goods maker’s stock valued at $1,550,000 after purchasing an additional 138,003 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of UQM Technologies by 7.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 564,346 shares of the industrial goods maker’s stock valued at $480,000 after purchasing an additional 40,080 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in shares of UQM Technologies in the fourth quarter valued at approximately $229,000.
About UQM Technologies
UQM Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells electric motors, generators, power electronic controllers, and fuel cell compressors in the United states and internationally. The company offers propulsion motors and generators, auxiliary motors, and electronic controls and DC-to-DC converters for electric, hybrid electric, plug-in hybrid electric, and fuel cell applications.
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