Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) shot up 7.4% on Friday . The stock traded as high as $5.16 and last traded at $5.05. 2,399,608 shares were traded during trading, an increase of 42% from the average session volume of 1,694,454 shares. The stock had previously closed at $4.70.

Several research firms recently weighed in on BLDP. Cowen Inc restated a “hold” rating and set a $4.50 price target on shares of Ballard Power Systems in a research report on Tuesday, October 17th. HC Wainwright restated a “buy” rating and set a $6.00 price target on shares of Ballard Power Systems in a research report on Friday, November 3rd. FBR & Co reiterated a “buy” rating and set a $6.00 price objective (up previously from $3.50) on shares of Ballard Power Systems in a research note on Monday, September 18th. B. Riley reiterated a “buy” rating on shares of Ballard Power Systems in a research note on Friday, November 3rd. Finally, Zacks Investment Research cut Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $5.50.

The company has a debt-to-equity ratio of 0.05, a current ratio of 2.70 and a quick ratio of 2.17.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The business had revenue of $31.90 million during the quarter, compared to analysts’ expectations of $28.33 million. Ballard Power Systems had a negative return on equity of 4.36% and a negative net margin of 5.57%. The firm’s quarterly revenue was up 54.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) earnings per share. research analysts predict that Ballard Power Systems, Inc. will post -0.04 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. First Manhattan Co. purchased a new position in Ballard Power Systems during the third quarter valued at $126,000. Jane Street Group LLC purchased a new position in Ballard Power Systems during the third quarter valued at $141,000. Dynamic Technology Lab Private Ltd purchased a new position in Ballard Power Systems during the second quarter valued at $105,000. Renaissance Technologies LLC raised its stake in Ballard Power Systems by 483.1% during the first quarter. Renaissance Technologies LLC now owns 165,600 shares of the technology company’s stock valued at $368,000 after buying an additional 137,200 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Ballard Power Systems by 16.9% during the second quarter. First Trust Advisors LP now owns 181,943 shares of the technology company’s stock valued at $528,000 after buying an additional 26,314 shares during the last quarter. Institutional investors and hedge funds own 2.80% 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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