Zacks Investment Research Upgrades UQM Technologies Inc (UQM) to Hold

UQM Technologies Inc (NYSE:UQM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note 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. “

Shares of UQM Technologies (NYSE:UQM) opened at 0.59 on Tuesday. UQM Technologies has a one year low of $0.43 and a one year high of $1.65. The company’s market capitalization is $28.59 million. The company has a 50-day moving average price of $0.60 and a 200 day moving average price of $0.66.

A hedge fund recently raised its stake in UQM Technologies stock. Vanguard Group Inc. raised its position in UQM Technologies Inc (NYSE:UQM) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 963,139 shares of the company’s stock after buying an additional 4,900 shares during the period. Vanguard Group Inc. owned approximately 1.99% of UQM Technologies worth $607,000 at the end of the most recent reporting period.

About UQM Technologies

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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