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

Key Points

• Ballard Power Systems has received a consensus rating of "Reduce" from analysts, with four ratings as "sell" and ten as "hold".
• The average 12-month target price for the stock among analysts is $1.5136, with recent ratings adjustments reflecting varying outlooks from different equity research firms.
• The company reported a quarterly earnings per share (EPS) of ($0.08), exceeding the consensus estimate, while also demonstrating a negative net margin of 409.35%.

Ballard Power Systems, Inc. (NASDAQ:BLDP - Get Free Report) TSE: BLD has been given a consensus rating of "Reduce" by the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $1.5136.

Several analysts recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Ballard Power Systems from $1.00 to $1.10 and gave the stock an "underperform" rating in a research note on Tuesday, August 12th. Roth Capital boosted their target price on shares of Ballard Power Systems from $1.25 to $1.80 and gave the company a "neutral" rating in a research report on Monday, August 11th. National Bank Financial upgraded Ballard Power Systems to a "hold" rating in a report on Sunday, June 8th. Lake Street Capital cut shares of Ballard Power Systems from a "buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Susquehanna lifted their price objective on shares of Ballard Power Systems from $1.30 to $2.00 and gave the stock a "neutral" rating in a report on Monday, July 21st.

Ballard Power Systems Trading Down 2.0%

BLDP opened at $2.93 on Friday. The company's 50 day moving average is $2.06 and its 200-day moving average is $1.62. The company has a market cap of $880.70 million, a P/E ratio of -2.96 and a beta of 1.73. The company has a current ratio of 9.31, a quick ratio of 8.32 and a debt-to-equity ratio of 0.03. Ballard Power Systems has a 1-year low of $1.00 and a 1-year high of $3.17.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last announced its quarterly earnings results on Monday, August 11th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. Ballard Power Systems had a negative net margin of 409.35% and a negative return on equity of 21.52%. The company had revenue of $17.98 million during the quarter, compared to the consensus estimate of $17.94 million. Equities research analysts predict that Ballard Power Systems will post -0.54 earnings per share for the current fiscal year.

Institutional Trading of Ballard Power Systems

Large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its position in shares of Ballard Power Systems by 125.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 23,553 shares of the technology company's stock valued at $37,000 after acquiring an additional 13,094 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Ballard Power Systems by 21.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,459 shares of the technology company's stock valued at $48,000 after purchasing an additional 5,482 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Ballard Power Systems in the first quarter valued at $40,000. Daiwa Securities Group Inc. raised its stake in shares of Ballard Power Systems by 108.8% in the second quarter. Daiwa Securities Group Inc. now owns 36,792 shares of the technology company's stock valued at $58,000 after buying an additional 19,170 shares during the period. Finally, Ardsley Advisory Partners LP bought a new stake in shares of Ballard Power Systems in the second quarter valued at $80,000. Hedge funds and other institutional investors own 28.02% of the company's stock.

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.

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