BUZZ-Hydrogenics Corp: To miss 2014 revenue target

Tue Dec 16, 2014 9:54am EST
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** Canadian fuel cell maker's shares down 16 pct at C$12.12; U.S.-listed shares down 16 pct at $10.17

** Says will not meet its full-year target of over $50 million revenue and break-even on an adjusted EBITDA basis

** Delivery of two projects scheduled for shipment in fourth quarter will be delayed

** Associated revenue of about $5 million will be recognized in first quarter

** Says supplier issues caused the delay

** Up to Monday's close, shares had fallen nearly 47 pct this year on Nasdaq