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Fly News Breaks for December 24, 2018
AIQUY, HYGS
Dec 24, 2018 | 07:31 EDT
H.C. Wainwright analyst Amit Dayal says Air Liquide's $20.5M investment in Hydrogenics validates the latter's market opportunity and bolsters its balance sheet. The signing of the agreement and an investment at a "significant premium" to the market price is a "strong indication of Air Liquide's confidence in Hydrogenics' technology," Dayal tells investors in a research note. The analyst keeps a Buy rating on Hydrogenics with a $7.50 price target.
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