HC Wainwright set a $6.00 price objective on Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) in a report released on Tuesday morning. The brokerage currently has a buy rating on the technology company’s stock.

A number of other brokerages also recently weighed in on BLDP. BidaskClub raised shares of Ballard Power Systems from a strong sell rating to a sell rating in a report on Thursday, March 1st. B. Riley set a $6.00 price target on shares of Ballard Power Systems and gave the company a buy rating in a report on Wednesday, February 28th. ValuEngine raised shares of Ballard Power Systems from a sell rating to a hold rating in a report on Tuesday, March 13th. Cowen set a $4.00 price target on shares of Ballard Power Systems and gave the company a hold rating in a report on Friday, March 2nd. Finally, Roth Capital set a $3.00 price target on shares of Ballard Power Systems and gave the company a hold rating in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $4.71.

BLDP stock opened at $3.02 on Tuesday. The stock has a market capitalization of $559.37 million, a P/E ratio of -100.67 and a beta of 1.78. Ballard Power Systems has a fifty-two week low of $2.63 and a fifty-two week high of $5.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.81 and a quick ratio of 2.08.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last posted its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Ballard Power Systems had a negative return on equity of 6.51% and a negative net margin of 8.95%. The company had revenue of $20.10 million during the quarter, compared to analyst estimates of $27.90 million. analysts anticipate that Ballard Power Systems will post -0.07 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP acquired a new stake in Ballard Power Systems in the 4th quarter valued at about $1,579,000. Bluestein R H & Co. lifted its stake in Ballard Power Systems by 10.6% during the fourth quarter. Bluestein R H & Co. now owns 257,750 shares of the technology company’s stock valued at $1,137,000 after buying an additional 24,750 shares in the last quarter. Swiss National Bank purchased a new stake in Ballard Power Systems during the fourth quarter valued at about $1,197,000. Elephas Investment Management Ltd purchased a new stake in Ballard Power Systems during the fourth quarter valued at about $5,524,000. Finally, Bank of Montreal Can lifted its stake in Ballard Power Systems by 26.2% during the fourth quarter. Bank of Montreal Can now owns 61,968 shares of the technology company’s stock valued at $273,000 after buying an additional 12,857 shares in the last quarter. 4.07% of the stock is owned by institutional investors.

About Ballard Power Systems

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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