Ballard Power Systems, Inc. (NASDAQ:BLDP) Receives Consensus Rating of "Reduce" from Brokerages

Shares of Ballard Power Systems, Inc. (NASDAQ:BLDP - Get Free Report) TSE: BLD have been assigned a consensus rating of "Reduce" from the eighteen analysts that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $2.09.

Several research firms recently commented on BLDP. Wall Street Zen raised shares of Ballard Power Systems to a "sell" rating in a report on Thursday, May 8th. Susquehanna lowered their target price on shares of Ballard Power Systems from $1.40 to $1.30 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Citigroup reiterated a "sell" rating and issued a $1.00 target price (down from $1.50) on shares of Ballard Power Systems in a research note on Thursday, April 17th. National Bank Financial upgraded shares of Ballard Power Systems to a "hold" rating in a research note on Sunday, June 8th. Finally, UBS Group lowered their target price on shares of Ballard Power Systems from $2.00 to $1.40 and set a "neutral" rating on the stock in a research note on Monday, May 12th.

Institutional Investors Weigh In On Ballard Power Systems

Hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Ballard Power Systems during the fourth quarter worth about $27,000. Headlands Technologies LLC bought a new stake in Ballard Power Systems during the fourth quarter worth about $52,000. Edmond DE Rothschild Holding S.A. bought a new stake in Ballard Power Systems during the first quarter worth about $40,000. Itau Unibanco Holding S.A. boosted its stake in Ballard Power Systems by 44.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 49,511 shares of the technology company's stock worth $82,000 after acquiring an additional 15,160 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Ballard Power Systems during the fourth quarter worth about $101,000. Institutional investors own 28.02% of the company's stock.

Ballard Power Systems Stock Performance

BLDP traded down $0.07 on Friday, hitting $1.87. The company's stock had a trading volume of 5,190,145 shares, compared to its average volume of 6,838,657. The company's 50 day simple moving average is $1.50 and its 200-day simple moving average is $1.41. The firm has a market cap of $560.72 million, a P/E ratio of -1.83 and a beta of 1.71. Ballard Power Systems has a 12 month low of $1.00 and a 12 month high of $2.67. The company has a quick ratio of 8.13, a current ratio of 9.00 and a debt-to-equity ratio of 0.03.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last released its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.05. The company had revenue of $14.76 million during the quarter, compared to the consensus estimate of $16.82 million. Ballard Power Systems had a negative net margin of 430.17% and a negative return on equity of 20.41%. Analysts forecast that Ballard Power Systems will post -0.54 EPS for the current year.

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. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.