HydroGen "speculative buy"

06/26/07 - JM Dutton & Associates

NEW YORK, June 26 (newratings.com) - Analyst Sally H Wallick of JM Dutton reiterates her "speculative buy" rating on HydroGen Corporation (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 Versailles, Pennsylvania-based full-scale 400 kW fuel cell demonstration and acceptance test plant is now ready and is being tested. At the full-scale demonstration plant at ASHTA Chemicals chlor-alkali plant in Ashtabula, Ohio, HydroGen is making fast progress, the analyst says.