Shares of Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) have been given a consensus rating of “Hold” by the eighteen brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $27.62.
BLDP has been the topic of several research reports. TheStreet downgraded shares of Ballard Power Systems from a “c-” rating to a “d+” rating in a research note on Friday, March 5th. Roth Capital downgraded shares of Ballard Power Systems from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $32.00 to $15.00 in a research note on Wednesday, May 5th. TD Securities decreased their price target on shares of Ballard Power Systems from $30.00 to $25.00 and set a “speculative buy” rating on the stock in a research note on Wednesday, May 5th. Lake Street Capital raised their price target on shares of Ballard Power Systems from $20.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, March 12th. Finally, BMO Capital Markets decreased their price target on shares of Ballard Power Systems from $35.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 5th.
BLDP stock opened at $15.40 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.36 and a current ratio of 9.10. The firm has a market cap of $4.58 billion, a PE ratio of -77.00 and a beta of 1.74. Ballard Power Systems has a one year low of $8.87 and a one year high of $42.28. The firm’s fifty day moving average is $22.25 and its 200 day moving average is $24.27.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last posted its quarterly earnings data on Sunday, May 2nd. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). Ballard Power Systems had a negative net margin of 40.04% and a negative return on equity of 14.00%. Research analysts predict that Ballard Power Systems will post -0.19 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Reilly Financial Advisors LLC acquired a new position in shares of Ballard Power Systems in the fourth quarter valued at approximately $29,000. Advisory Services Network LLC grew its holdings in shares of Ballard Power Systems by 488.6% in the fourth quarter. Advisory Services Network LLC now owns 2,060 shares of the technology company’s stock valued at $48,000 after purchasing an additional 1,710 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Ballard Power Systems by 96.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,750 shares of the technology company’s stock valued at $64,000 after purchasing an additional 1,350 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Ballard Power Systems in the fourth quarter valued at approximately $109,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Ballard Power Systems by 752.8% in the first quarter. Exchange Traded Concepts LLC now owns 5,202 shares of the technology company’s stock valued at $127,000 after purchasing an additional 4,592 shares in the last quarter. Institutional investors and hedge funds own 18.38% of the company’s stock.
About Ballard Power Systems
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products primarily in Canada. The company offers heavy duty modules, marine systems, fuel cell stacks, backup power systems, and material handling products. It also provides technology solutions, including engineering and technology transfer, as well as the licenses and sells intellectual property portfolio and fundamental knowledge for various proton exchange membrane fuel cell applications.
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