HydroGen "speculative buy"

02/27/07 - JM Dutton & Associates

NEW YORK, February 27 (newratings.com) - Analyst Sally H Wallick of JM Dutton reiterates her "speculative buy" rating on HydroGen Corp (HYDG). The 12-18 month target price is set to $8.25.

In a research note published yesterday, the analyst mentions that the company’s initial focus is on the market for clean distributed energy, which is touted to be an increasingly important contributor to US electricity generation in the long term. HydroGen's well developed fuel cell technology has the potential for relatively rapid commercialization, the analyst says.