Roth Capital Reiterates Buy On Hydrogenics Corporation (USA) Following 4Q Earnings
In a research note released today, Roth Capital analyst Matt Koranda maintained a Buy rating and a $22 price target on Hydrogenics Corporation (USA) (NASDAQ:HYGS), following the company’s fourth-quarter results, posting revenues of $15.7 million vs. consensus estimate of $16.3 million and Koranda’s estimate of $15.3 million.
Koranda noted, “HYGS posted its first quarter of EPS profitability in Q4, which we view as a solidly positive milestone for the company. While the near-term focus should be on HYGS’s bookings run rate during H1’15, we believe investors should closely monitor large-scale wins in energy storage and MW-scale power generation that have the potential to transform the backlog, helping lay a foundation for long-term EPS profitability.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Matt Koranda has a total average return of -5.1% and a 34.5% success rate. Koranda has a -8.4% average return when recommending HYGS, and is ranked #3148 out of 3505 analysts.