Boston, MA 05/30/2013 (wallstreetpr) – The share prices of Hydrogenics Corporation USA (NASDAQ:HYGS) had surged by 5.75 percent over the previous day to close at $12.79 per share for the end of last trading session. The shares of the company had been trading in the range of $11.75 to $13.50 per share during the day before closing at $0.69 higher than the previous closing price. Further the shares of Hydrogenics Corporation USA (NASDAQ:HYGS) had also hit the new 52 week high price level at $13.50 per share, while the 52 week low price level of the company is at $4.62 per share.
Hydrogenics Corporation USA (NASDAQ:HYGS), the leading developer and seller of hydrogen generation and hydrogen based power modules had recently released the financial results for the first quarter of the fiscal year, 2013. The company had recorded an increase in the quarterly revenue to the extent of 115 percent over the same quarter of previous year and an increase of 24 percent over the previous quarter.
Hydrogenics Corporation USA (NASDAQ:HYGS) is confident to meet the demands of the forthcoming quarters through the net proceeds of $6.2 million raised through the initial public offering and through the strong cash reserves maintained by the company. Hydrogenics Corporation USA (NASDAQ:HYGS) is involved in the development and manufacture of hydrogen generation and hydrogen based power modules through its two business segments. The customers for the company include renewable energy, industrial and transportation consumers and original equipment manufacturers, system integrators and users of stationary applications.
