H.C. Wainwright analyst Amit Dayal maintained a Hold rating on UQM Technologies Inc (UQM) today and set a price target of $1.71. The company’s shares closed yesterday at $1.66, close to its 52-week high of $1.68.
Dayal wrote:
“UQM is proposed to be acquired by Danfoss for approximately $100M, or $1.71/share, in cash. Our price target for UQM is $1.71 per share, due to the proposed acquisition.”
According to TipRanks.com, Dayal is a 1-star analyst with an average return of -0.6% and a 48.3% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Advanced Emissions Solutions, Inc., Ballard Power Systems, and Orion Energy Systems.
UQM Technologies Inc has an analyst consensus of Hold, with a price target consensus of $1.71.
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Based on UQM Technologies Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $959.5K. In comparison, last year the company had a GAAP net loss of $1.93 million.
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UQM Technologies, Inc. develops, manufactures and sells power dense, electric motors, generators, power electronic controllers and power electronic controllers for the commercial truck, bus, automotive, marine, and industrial markets.
