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 Friday morning.

A number of other equities research analysts have also issued reports on BLDP. Zacks Investment Research lowered shares of Ballard Power Systems from a hold rating to a sell rating in a report on Wednesday, January 3rd. B. Riley set a $6.00 price objective on shares of Ballard Power Systems and gave the company a buy rating in a report on Friday, January 5th. Roth Capital set a $5.00 price objective on shares of Ballard Power Systems and gave the company a hold rating in a report on Thursday, January 4th. ValuEngine lowered shares of Ballard Power Systems from a hold rating to a sell rating in a report on Thursday, March 1st. Finally, Cowen set a $4.00 price objective on shares of Ballard Power Systems and gave the company a hold rating in a report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $4.88.

Ballard Power Systems stock opened at $3.28 on Friday. Ballard Power Systems has a 52-week low of $2.55 and a 52-week high of $5.93. The company has a quick ratio of 2.17, a current ratio of 2.61 and a debt-to-equity ratio of 0.05.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its earnings results on Wednesday, February 28th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. Ballard Power Systems had a negative return on equity of 4.29% and a negative net margin of 6.61%. The business had revenue of $40.30 million for the quarter, compared to analysts’ expectations of $34.43 million. sell-side analysts expect that Ballard Power Systems will post -0.05 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can grew its holdings in shares of Ballard Power Systems by 26.2% in the fourth quarter. Bank of Montreal Can now owns 61,968 shares of the technology company’s stock valued at $273,000 after purchasing an additional 12,857 shares during the period. First Trust Advisors LP grew its holdings in shares of Ballard Power Systems by 10.3% in the fourth quarter. First Trust Advisors LP now owns 194,460 shares of the technology company’s stock valued at $858,000 after purchasing an additional 18,227 shares during the period. Bluestein R H & Co. grew its holdings in shares of Ballard Power Systems by 10.6% in the fourth quarter. Bluestein R H & Co. now owns 257,750 shares of the technology company’s stock valued at $1,137,000 after purchasing an additional 24,750 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Ballard Power Systems in the fourth quarter valued at about $141,000. Finally, Delek Group Ltd. purchased a new stake in shares of Ballard Power Systems in the fourth quarter valued at about $126,000. 4.18% of the stock is owned by hedge funds and other institutional investors.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.

Analyst Recommendations for Ballard Power Systems (NASDAQ:BLDP)

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