Cowen Starts Hydrogenics (HYGS) at Market Perform

Cowen initiates coverage on Hydrogenics (NASDAQ: HYGS) with a Market Perform rating and a price target of $13.00.

Analyst Jeffrey Osborne commented, "We see Hydrogenics as an opportunity for long-term value exposure in the fuel cell space. While recent FX headwinds and liquidity concerns persist, long-term prospects for hydrogen generation, fuel cells, and energy storage position Hydrogenics well as the new applications begin to unlock value for the company."

For an analyst ratings summary and ratings history on Hydrogenics click here. For more ratings news on Hydrogenics click here.

Shares of Hydrogenics closed at $11.54 yesterday.

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