Toronto Dominion Bank increased its holdings in shares of Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) by 17.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 38,386 shares of the technology company’s stock after acquiring an additional 5,649 shares during the quarter. Toronto Dominion Bank’s holdings in Ballard Power Systems were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Swiss National Bank raised its holdings in shares of Ballard Power Systems by 17.5% during the second quarter. Swiss National Bank now owns 347,300 shares of the technology company’s stock worth $1,419,000 after purchasing an additional 51,600 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Ballard Power Systems by 1,065.1% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 314,587 shares of the technology company’s stock worth $1,284,000 after purchasing an additional 287,587 shares during the last quarter. Alps Advisors Inc. raised its holdings in shares of Ballard Power Systems by 100.1% during the second quarter. Alps Advisors Inc. now owns 252,543 shares of the technology company’s stock worth $1,030,000 after purchasing an additional 126,321 shares during the last quarter. First Trust Advisors LP increased its holdings in Ballard Power Systems by 3.8% in the first quarter. First Trust Advisors LP now owns 225,723 shares of the technology company’s stock valued at $679,000 after buying an additional 8,275 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Ballard Power Systems in the second quarter valued at $561,000. 2.97% of the stock is owned by hedge funds and other institutional investors.

BLDP traded down $0.12 on Thursday, reaching $5.35. The stock had a trading volume of 72,086 shares, compared to its average volume of 1,076,164. Ballard Power Systems Inc has a 12-month low of $2.25 and a 12-month high of $5.72. The company has a current ratio of 4.40, a quick ratio of 3.85 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $4.58 and its two-hundred day moving average price is $3.86. The company has a market cap of $1.31 billion, a P/E ratio of -41.58 and a beta of 1.78.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Ballard Power Systems had a negative net margin of 40.67% and a negative return on equity of 13.15%. The company had revenue of $23.70 million during the quarter, compared to analysts’ expectations of $22.42 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. As a group, analysts predict that Ballard Power Systems Inc will post -0.13 earnings per share for the current year.

A number of research analysts have weighed in on BLDP shares. BidaskClub raised shares of Ballard Power Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Zacks Investment Research raised shares of Ballard Power Systems from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Wednesday, July 3rd. Roth Capital cut shares of Ballard Power Systems from a “neutral” rating to a “sell” rating and set a $3.00 price objective for the company. in a report on Monday, July 1st. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Ballard Power Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $3.70.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products.

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Institutional Ownership by Quarter for Ballard Power Systems (NASDAQ:BLDP)

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