Stock Traders Buy Large Volume of Ballard Power Systems Call Options (NASDAQ:BLDP)

Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) was the target of unusually large options trading on Tuesday. Traders acquired 15,684 call options on the stock. This is an increase of approximately 180% compared to the typical daily volume of 5,601 call options.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLDP. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Ballard Power Systems in the second quarter valued at $30,000. Private Advisor Group LLC bought a new stake in Ballard Power Systems during the 2nd quarter worth about $67,000. Ecofin Advisors Ltd acquired a new position in Ballard Power Systems in the 3rd quarter valued at about $92,000. Captrust Financial Advisors acquired a new stake in shares of Ballard Power Systems during the 2nd quarter worth approximately $96,000. Finally, Tortoise Capital Advisors L.L.C. bought a new position in shares of Ballard Power Systems during the third quarter valued at $127,000. Hedge funds and other institutional investors own 18.38% of the company’s stock.

NASDAQ BLDP traded down $3.05 during mid-day trading on Thursday, hitting $33.53. The stock had a trading volume of 284,605 shares, compared to its average volume of 9,214,477. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.10 and a quick ratio of 8.36. The firm’s 50 day moving average is $22.31 and its 200 day moving average is $17.78. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of -182.88 and a beta of 1.74. Ballard Power Systems has a twelve month low of $6.95 and a twelve month high of $38.00.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last issued its earnings results on Thursday, November 5th. The technology company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $25.62 million for the quarter, compared to analyst estimates of $28.06 million. Ballard Power Systems had a negative return on equity of 14.00% and a negative net margin of 40.04%. As a group, equities research analysts expect that Ballard Power Systems will post -0.19 earnings per share for the current year.

BLDP has been the subject of several research reports. National Bank of Canada (NA.TO) reissued a “sector perform” rating on shares of Ballard Power Systems in a research report on Thursday. TD Securities lowered shares of Ballard Power Systems from a “speculative buy” rating to a “hold” rating in a research note on Thursday. HC Wainwright cut shares of Ballard Power Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 10th. Raymond James upgraded shares of Ballard Power Systems from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $28.00 to $40.00 in a research note on Monday. Finally, BidaskClub raised shares of Ballard Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 9th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Ballard Power Systems presently has an average rating of “Buy” and an average target price of $25.88.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles (UAV), and material handling products.

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