Revenue Update on Hydrogenics Corporation (USA)(NASDAQ:HYGS)

Hydrogenics Corporation (USA)(NASDAQ:HYGS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $9.20M. Analysts estimated a revenue of $11.43M. Earnings per share were $-0.25. Analysts had estimated an EPS of $-0.16.

Hydrogenics Corporation (USA) (HYGS) made into the market gainers list on Fridays trading session with the shares advancing 3.96% or 0.23 points. Due to strong positive momentum, the stock ended at $6.04, which is also near the day’s high of $6.16. The stock began the session at $5.82 and the volume stood at 63,030 shares. The 52-week high of the shares is $12.08 and the 52 week low is $5.41. The company has a current market capitalization of $76 M and it has 1,25,44,960 shares in outstanding.

Hydrogenics Corp is a Canada-based company that provides hydrogen generation energy storage and hydrogen power modules to its customers and partners around the world. The Company designs develops and manufactures hydrogen generation products based on water electrolysis technology and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The Company has manufacturing sites in Germany Belgium and Canada and service centers in Russia Europe the United States and Canada. The Company’s OnSite Generation segment is based in Oevel Belgium. It develops products for industrial gas hydrogen fueling and renewable energy storage markets. Its HyPM products are configured into multiple electrical power outputs ranging from approximately 1 kilowatt to 1 megawatt. It also develops and delivers hydrogen generation products based on PEM water electrolysis which are used to serve the energy storage markets.

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