HC Wainwright Analysts Give Ballard Power Systems (BLDP) a $6.00 Price Target
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) has been given a $6.00 price objective by analysts at HC Wainwright in a research note issued to investors on Friday. The firm currently has a “buy” rating on the technology company’s stock. HC Wainwright’s price target suggests a potential upside of 84.05% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Cowen reissued a “hold” rating on shares of Ballard Power Systems in a report on Friday, November 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 Wednesday. BidaskClub lowered shares of Ballard Power Systems from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, Zacks Investment Research lowered shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Two research analysts have 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. The company currently has an average rating of “Hold” and a consensus target price of $4.88.
Ballard Power Systems (NASDAQ:BLDP) opened at $3.26 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.17 and a debt-to-equity ratio of 0.05. Ballard Power Systems has a 12-month low of $1.97 and a 12-month high of $5.93.
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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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