UBS Asset Management Americas Inc. held its stake in Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476,349 shares of the technology company’s stock at the end of the first quarter. UBS Asset Management Americas Inc. owned 0.27% of Ballard Power Systems worth $1,050,000 at the end of the most recent reporting period.
Shares of Ballard Power Systems, Inc. (NASDAQ:BLDP) opened at 2.86 on Tuesday. The firm’s market cap is $503.46 million. The stock’s 50 day moving average is $2.82 and its 200 day moving average is $2.34. Ballard Power Systems, Inc. has a 12 month low of $1.35 and a 12 month high of $3.48.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings data on Monday, May 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). Ballard Power Systems had a negative return on equity of 11.55% and a negative net margin of 15.26%. The company had revenue of $22.70 million during the quarter, compared to the consensus estimate of $23.27 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The firm’s revenue was up 39.3% compared to the same quarter last year. Analysts forecast that Ballard Power Systems, Inc. will post ($0.06) EPS for the current fiscal year.
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BLDP has been the subject of several research reports. Zacks Investment Research cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. FBR & Co raised their price objective on shares of Ballard Power Systems from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd. Roth Capital cut shares of Ballard Power Systems from a “buy” rating to a “neutral” rating and set a $3.00 price objective for the company. in a research report on Thursday, May 4th. Finally, BidaskClub upgraded shares of Ballard Power Systems from a “hold” rating to a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.42.
Ballard Power Systems Company Profile
Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.
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