Hydrogenics Corporation was a big mover last session, as the company saw its shares rise little above 6% on the day. The upside was driven by the company’s announcement of entering into a subscription agreement with Fuzhou Bonded Zone Hejili Equity Investment Limited Partnership. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $6.55 to $7.60 in the past one-month time frame.

The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate remained unchanged over the same timeframe. Friday’s 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).

Hydrogenics Corporation Price

Hydrogenics Corporation Price | Hydrogenics Corporation Quote

A top-ranked stock in the Electric Utility industry is Ormat Technologies, Inc. (ORA Quick QuoteORA - Free Report) sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is HYGS going up? Or down? Predict to see what others think: Up or Down

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