BidaskClub cut shares of Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) from a hold rating to a sell rating in a research report sent to investors on Thursday, January 4th.
BLDP has been the topic of several other research reports. Zacks Investment Research lowered shares of Ballard Power Systems from a hold rating to a sell rating in a report on Wednesday, January 3rd. FBR & Co reaffirmed a buy rating on shares of Ballard Power Systems in a report on Wednesday, September 6th. HC Wainwright reissued a buy rating and set a $6.00 price objective (up previously from $3.00) on shares of Ballard Power Systems in a report on Friday, September 15th. B. Riley set a $6.00 price objective on shares of Ballard Power Systems and gave the stock a buy rating in a report on Tuesday, November 14th. Finally, Roth Capital set a $5.00 price objective on shares of Ballard Power Systems and gave the stock a hold rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $5.50.
Ballard Power Systems (NASDAQ BLDP) opened at $4.21 on Thursday. The company has a market cap of $747.13, a price-to-earnings ratio of -105.25 and a beta of 2.50. Ballard Power Systems has a one year low of $1.72 and a one year high of $5.93. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.70.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its earnings results on Wednesday, November 1st. The technology company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). Ballard Power Systems had a negative net margin of 5.57% and a negative return on equity of 4.36%. The firm had revenue of $31.90 million during the quarter, compared to analysts’ expectations of $28.33 million. During the same period in the prior year, the company earned ($0.02) EPS. The business’s quarterly revenue was up 54.9% compared to the same quarter last year. equities analysts predict that Ballard Power Systems will post -0.04 earnings per share for the current year.
Several large investors have recently made changes to their positions in BLDP. PEAK6 Investments L.P. raised its position in shares of Ballard Power Systems by 556.3% in the 3rd quarter. PEAK6 Investments L.P. now owns 216,984 shares of the technology company’s stock valued at $1,015,000 after acquiring an additional 183,921 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ballard Power Systems in the 2nd quarter valued at approximately $105,000. Jane Street Group LLC acquired a new stake in shares of Ballard Power Systems in the 3rd quarter valued at approximately $141,000. First Manhattan Co. acquired a new stake in shares of Ballard Power Systems in the 3rd quarter valued at approximately $126,000. Finally, First Trust Advisors LP raised its position in shares of Ballard Power Systems by 16.9% in the 2nd quarter. First Trust Advisors LP now owns 181,943 shares of the technology company’s stock valued at $528,000 after acquiring an additional 26,314 shares during the period. Institutional investors and hedge funds own 3.06% of the company’s stock.
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About Ballard Power Systems
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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