Ballard Power Systems Inc (BLDP) Given Average Rating of “Buy” by Analysts

Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) has earned a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.80.

A number of equities research analysts have weighed in on BLDP shares. ValuEngine upgraded Ballard Power Systems from a “hold” rating to a “buy” rating in a report on Monday, September 17th. BidaskClub upgraded Ballard Power Systems from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Zacks Investment Research downgraded Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. HC Wainwright set a $6.00 target price on Ballard Power Systems and gave the stock a “buy” rating in a report on Friday, August 3rd. Finally, B. Riley set a $5.00 target price on Ballard Power Systems and gave the stock a “buy” rating in a report on Tuesday, June 12th.

Institutional investors have recently made changes to their positions in the business. Global X Management Co LLC acquired a new stake in Ballard Power Systems in the second quarter valued at approximately $231,000. Commerzbank Aktiengesellschaft FI grew its stake in Ballard Power Systems by 49.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 92,640 shares of the technology company’s stock valued at $264,000 after acquiring an additional 30,694 shares during the period. KBC Group NV grew its stake in Ballard Power Systems by 104.8% in the first quarter. KBC Group NV now owns 92,841 shares of the technology company’s stock valued at $330,000 after acquiring an additional 47,515 shares during the period. PCJ Investment Counsel Ltd. grew its stake in Ballard Power Systems by 16.6% in the first quarter. PCJ Investment Counsel Ltd. now owns 140,410 shares of the technology company’s stock valued at $500,000 after acquiring an additional 20,000 shares during the period. Finally, Royal Bank of Canada grew its stake in Ballard Power Systems by 38.8% in the first quarter. Royal Bank of Canada now owns 140,805 shares of the technology company’s stock valued at $500,000 after acquiring an additional 39,370 shares during the period. 3.78% of the stock is owned by hedge funds and other institutional investors.

BLDP stock traded up $0.01 during mid-day trading on Wednesday, reaching $4.07. The company’s stock had a trading volume of 14,412 shares, compared to its average volume of 1,286,027. The company has a market cap of $768.87 million, a P/E ratio of -134.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.83 and a current ratio of 2.64. Ballard Power Systems has a 12 month low of $2.57 and a 12 month high of $5.93.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last issued its earnings results on Wednesday, August 1st. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The business had revenue of $26.45 million during the quarter, compared to the consensus estimate of $23.33 million. Ballard Power Systems had a negative return on equity of 9.99% and a negative net margin of 11.58%. On average, research analysts predict that Ballard Power Systems will post -0.07 earnings per share for the current year.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.

See Also: What is a Fiduciary?

Analyst Recommendations for Ballard Power Systems (NASDAQ:BLDP)

Receive News & Ratings for Ballard Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply