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

Key Points

• Analysts give Ballard an average recommendation of "Reduce" from 14 firms (4 sell, 10 hold) with a one-year average price target of $2.41.
• Ballard slightly beat last quarter's estimates (EPS -$0.06 vs. -$0.07; revenue $33.28M vs. $32.24M) but remains unprofitable (net margin -91.5%, negative ROE) and sell‑side forecasts project roughly -$0.54 EPS for the year.
• Shares trade around $2.48 with a market cap of about $746M, a 12‑month range of $1.00–$4.10, very high liquidity (quick ratio 9.14) and minimal leverage (debt‑to‑equity 0.03).

Ballard Power Systems, Inc. (NASDAQ:BLDP - Get Free Report) TSE: BLD has been given an average recommendation of "Reduce" by the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $2.4125.

A number of equities analysts have recently commented on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ballard Power Systems in a report on Wednesday, January 21st. TD Securities upgraded Ballard Power Systems from a "sell" rating to a "hold" rating and set a $2.50 price objective on the stock in a research note on Friday, January 9th. Finally, TD Cowen raised Ballard Power Systems from a "sell" rating to a "hold" rating in a report on Friday, January 9th.

Ballard Power Systems Stock Performance

NASDAQ BLDP opened at $2.48 on Friday. The company's 50 day moving average is $2.35 and its 200-day moving average is $2.70. Ballard Power Systems has a 12-month low of $1.00 and a 12-month high of $4.10. The company has a quick ratio of 9.14, a current ratio of 9.86 and a debt-to-equity ratio of 0.03. The firm has a market cap of $745.96 million, a P/E ratio of -8.27 and a beta of 1.78.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last released its quarterly earnings data on Thursday, March 12th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. Ballard Power Systems had a negative net margin of 91.50% and a negative return on equity of 14.62%. The company had revenue of $33.28 million during the quarter, compared to the consensus estimate of $32.24 million. Sell-side analysts predict that Ballard Power Systems will post -0.54 earnings per share for the current year.

Institutional Investors Weigh In On Ballard Power Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its stake in Ballard Power Systems by 228.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 10,000 shares of the technology company's stock valued at $25,000 after acquiring an additional 6,952 shares in the last quarter. Swiss Life Asset Management Ltd bought a new stake in Ballard Power Systems during the 4th quarter worth approximately $26,000. Intesa Sanpaolo S.p.A. purchased a new stake in Ballard Power Systems in the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its stake in Ballard Power Systems by 422.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 15,024 shares of the technology company's stock worth $38,000 after purchasing an additional 12,149 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in Ballard Power Systems in the 3rd quarter valued at $43,000. 28.02% of the stock is owned by hedge funds and other institutional investors.

About Ballard Power Systems

Ballard Power Systems NASDAQ: BLDP is a Canadian technology company specializing in the development and manufacture of proton exchange membrane (PEM) fuel cell products. Headquartered in Vancouver, British Columbia, Ballard designs and sells fuel cell stacks and modules that enable zero-emission power generation for a variety of applications, including heavy-duty motive systems, backup power, material handling equipment, and portable power solutions.

Since its founding in 1979, Ballard has built a strong intellectual property portfolio and a track record of innovation in PEM fuel cell technology.

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