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

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

UQM stock opened at $1.13 on Monday. UQM Technologies has a 12-month low of $1.10 and a 12-month high of $1.12.

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

An institutional investor recently raised its position in UQM Technologies stock. Raymond James Financial Services Advisors Inc. grew its holdings in shares of UQM Technologies (NYSEAMERICAN:UQM) by 18.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 324,266 shares of the industrial goods maker’s stock after purchasing an additional 50,000 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.60% of UQM Technologies worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

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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