Seen it as well. Last evening was on my ship after I got out of the station and I've seen it on enemy ships in combat zone, even on enemies I was having a one-on-one so there was none nearby to heal them
Apparently I means Regeneration (duh!) but what's supposed to cause it - my educated guess with be the lasers special effects
Hud ship status indicators are presented on the
wiki, found no mentions in game manual
