In a report released today, Amit Dayal from H.C. Wainwright maintained a Hold rating on UQM Technologies Inc (UQM), with 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 currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.3% and a 41.6% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and Orion Energy Systems.
The word on The Street in general, suggests a Hold analyst consensus rating for UQM Technologies Inc with a $1.71 average price target.
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The company has a one-year high of $1.68 and a one-year low of $0.80. Currently, UQM Technologies Inc has an average volume of 685.7K.
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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.
