UQM Technologies Inc (UQM) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of UQM Technologies Inc (NYSE:UQM) from a hold rating to a buy rating in a report published on Thursday. Zacks Investment Research currently has $0.50 price target 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. “

Separately, HC Wainwright set a $2.00 price objective on shares of UQM Technologies and gave the company a buy rating in a research note on Sunday, April 2nd.

Shares of UQM Technologies (NYSE:UQM) traded up 1.05% during midday trading on Thursday, hitting $0.47. The stock had a trading volume of 2,066 shares. UQM Technologies has a 1-year low of $0.42 and a 1-year high of $0.90. The company’s 50 day moving average price is $0.48 and its 200-day moving average price is $0.49. The firm’s market capitalization is $22.81 million.

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An institutional investor recently raised its position in UQM Technologies stock. Wells Fargo & Company MN boosted its stake 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 institutional investor owned 186,500 shares of the industrial goods maker’s stock after buying an additional 97,500 shares during the period. Wells Fargo & Company MN owned about 0.38% of UQM Technologies worth $114,000 at the end of the most recent reporting period.

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.

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