Shares of Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) have been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $3.50.
Several research firms have issued reports on BLDP. BidaskClub upgraded shares of Ballard Power Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Ballard Power Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Finally, TheStreet upgraded shares of Ballard Power Systems from a “d” rating to a “c-” rating in a research report on Monday, March 25th.
NASDAQ BLDP opened at $3.65 on Thursday. The company has a current ratio of 5.35, a quick ratio of 4.67 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $845.70 million, a price-to-earnings ratio of -28.08 and a beta of 2.16. Ballard Power Systems has a 52-week low of $2.25 and a 52-week high of $4.62.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $16.00 million for the quarter, compared to analyst estimates of $20.63 million. Ballard Power Systems had a negative net margin of 36.58% and a negative return on equity of 14.37%. The business’s quarterly revenue was down 20.4% on a year-over-year basis. During the same period last year, the business posted ($0.03) EPS. Research analysts forecast that Ballard Power Systems will post -0.16 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in BLDP. Hsbc Holdings PLC bought a new position in shares of Ballard Power Systems during the 1st quarter worth about $32,000. Candriam Luxembourg S.C.A. bought a new position in shares of Ballard Power Systems during the 1st quarter worth about $33,000. Jane Street Group LLC lifted its holdings in shares of Ballard Power Systems by 57.3% during the 4th quarter. Jane Street Group LLC now owns 16,149 shares of the technology company’s stock worth $39,000 after acquiring an additional 5,882 shares during the period. Cetera Advisors LLC lifted its holdings in shares of Ballard Power Systems by 64.0% during the 4th quarter. Cetera Advisors LLC now owns 21,138 shares of the technology company’s stock worth $47,000 after acquiring an additional 8,248 shares during the period. Finally, Two Sigma Securities LLC bought a new position in shares of Ballard Power Systems during the 4th quarter worth about $54,000. 2.22% of the stock is owned by institutional investors.
About Ballard Power Systems
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products.
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