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Fly News Breaks for May 12, 2016
HYGS
May 12, 2016 | 08:22 EDT
Roth Capital analyst Craig Irwin says Hydrogenics reported weak Q1 revenue on delayed deliveries, but it was balanced by robust gross margins and tight expense controls. Irwin believes backlog trends remain positive and says he would be buyer of Hydrogenics' shares ahead of probable large-size orders that appear to be "increasingly likely." The analyst reiterates a Buy rating and $13 price target on the shares.
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