National Bank Financial Cuts Ballard Power Systems (TSE:BLDP) Price Target to C$4.50

Ballard Power Systems (TSE:BLDP) had its price target reduced by National Bank Financial from C$4.75 to C$4.50 in a research note released on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Ballard Power Systems Trading Up 2.2%

Shares of TSE:BLDP opened at C$3.65 on Thursday. Ballard Power Systems has a 52 week low of C$2.34 and a 52 week high of C$9.08. The company’s 50 day moving average is C$5.17 and its two-hundred day moving average is C$4.48. The company has a current ratio of 11.19, a quick ratio of 13.57 and a debt-to-equity ratio of 3.52. The company has a market cap of C$1.10 billion, a PE ratio of -14.04, a P/E/G ratio of -2,030.00 and a beta of 1.11.

Ballard Power Systems (TSE:BLDP) last announced its quarterly earnings data on Friday, July 31st. The company reported C($0.10) earnings per share for the quarter. The firm had revenue of C$29.27 million during the quarter. Ballard Power Systems had a negative net margin of 72.38% and a negative return on equity of 13.17%. Equities analysts predict that Ballard Power Systems will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ballard Power Systems news, insider Ltd. Weichai Power Co. sold 151,350 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$4.99, for a total value of C$755,236.50. Following the sale, the insider directly owned 30,951,476 shares in the company, valued at C$154,447,865.24. This trade represents a 0.49% decrease in their ownership of the stock. Insiders sold 5,842,125 shares of company stock valued at $33,497,780 in the last 90 days. 15.53% of the stock is owned by company insiders.

Ballard Power Systems Company Profile

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.