BidaskClub lowered shares of Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) from a sell rating to a strong sell rating in a research report sent to investors on Thursday, January 18th.
Several other equities research analysts have also recently issued reports on the company. Roth Capital set a $5.00 price target on Ballard Power Systems and gave the company a hold rating in a research note on Thursday, January 4th. B. Riley set a $6.00 price target on Ballard Power Systems and gave the company a buy rating in a research note on Friday, January 5th. Zacks Investment Research cut Ballard Power Systems from a hold rating to a sell rating in a research note on Wednesday, January 3rd. Cowen reiterated a hold rating on shares of Ballard Power Systems in a research note on Friday, November 3rd. Finally, HC Wainwright reiterated a buy rating and issued a $6.00 price target on shares of Ballard Power Systems in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Ballard Power Systems has an average rating of Hold and an average target price of $5.29.
Ballard Power Systems (NASDAQ:BLDP) opened at $3.26 on Thursday. Ballard Power Systems has a 12-month low of $1.89 and a 12-month high of $5.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.70 and a quick ratio of 2.17. The company has a market capitalization of $580.31, a P/E ratio of -81.50 and a beta of 2.23.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLDP. Royce & Associates LP bought a new stake in Ballard Power Systems during the fourth quarter worth $1,579,000. Swiss National Bank bought a new stake in Ballard Power Systems during the fourth quarter worth $1,197,000. PEAK6 Investments L.P. lifted its stake in Ballard Power Systems by 556.3% during the third quarter. PEAK6 Investments L.P. now owns 216,984 shares of the technology company’s stock worth $1,015,000 after purchasing an additional 183,921 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Ballard Power Systems by 8.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 514,844 shares of the technology company’s stock worth $2,285,000 after purchasing an additional 38,495 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Ballard Power Systems during the second quarter worth $105,000. Hedge funds and other institutional investors own 3.02% of the company’s stock.
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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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