HC Wainwright Analysts Give UQM Technologies (UQM) a $2.00 Price Target

HC Wainwright set a $2.00 target price on UQM Technologies (NYSEAMERICAN:UQM) in a research report sent to investors on Monday. The firm currently has a buy rating on the industrial goods maker’s stock.

Shares of NYSEAMERICAN:UQM opened at $1.13 on Monday. UQM Technologies has a 1-year low of $1.10 and a 1-year high of $1.12.

UQM Technologies (NYSEAMERICAN:UQM) last issued its earnings results on Thursday, May 10th. The industrial goods maker reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). The business had revenue of $1.61 million for the quarter, compared to the consensus estimate of $2.42 million. UQM Technologies had a negative return on equity of 25.47% and a negative net margin of 19.74%.

An institutional investor recently bought a new position in UQM Technologies stock. EAM Investors LLC bought a new position in UQM Technologies (NYSEAMERICAN:UQM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 387,817 shares of the industrial goods maker’s stock, valued at approximately $539,000. EAM Investors LLC owned approximately 0.72% of UQM Technologies as of its most recent SEC filing.

UQM Technologies Company Profile

UQM Technologies, Inc develops and manufactures power dense, electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets. It 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 auxiliary’s components.

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