Hydrogenics Corporation HYGS was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on the company’s announcement that it has received orders for fuel cell power modules of nearly $2 million from a U.S.-based developer of hydrogen powered forklifts. This reverses the recent downtrend for the company since Nov 18, as the stock is now down more than 35%.
In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Hydrogenics currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
A better-ranked other alternate energy stock is FuelCell Energy Inc. FCEL, which holds a Zacks Rank #2 (Buy).
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