NEW YORK (TheStreet) -- UQM Technologies (UQM) popped to a one-year high of $3.48 as of 10:43 a.m. on Tuesday as the company, which manufactures electric motors and generators, continued to benefit from its receipt of the ISO/TS 16949 Certification, the highest quality standard in the automotive industry.
"After a rigorous, year-long process, attaining the ISO/TS 16949 registration is a significant achievement and a critical step in our progression in the industry to position UQM as a world-class supplier of electric drive components and systems," said CEO Eric Ridenour in a statement. "With this announcement, we have not only validated the quality of our operation, but also demonstrated our commitment to meeting the demands and expectations of existing and potential customers of all size and volume."
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TheStreet Ratings team rates UQM TECHNOLOGIES INC as a "hold" with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate UQM TECHNOLOGIES INC (UQM) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good."