Ballard Power Systems (NASDAQ:BLDP) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Ballard Power Systems (NASDAQ:BLDP - Free Report) TSE: BLD to a hold rating in a research note released on Sunday morning,Zacks.com reports.

Several other brokerages have also recently commented on BLDP. Roth Mkm reduced their target price on Ballard Power Systems from $1.75 to $1.25 and set a "neutral" rating for the company in a research report on Friday, March 14th. Raymond James reduced their price objective on shares of Ballard Power Systems from $2.50 to $2.00 and set a "market perform" rating for the company in a report on Friday, March 14th. 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. Wells Fargo & Company set a $1.00 price target on shares of Ballard Power Systems in a research note on Thursday, March 13th. Finally, Wall Street Zen raised Ballard Power Systems to a "sell" rating in a report on Thursday, May 8th. Seven research 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $2.09.

Ballard Power Systems Stock Performance

Ballard Power Systems stock traded up $0.03 during mid-day trading on Friday, reaching $1.67. The company had a trading volume of 15,793,574 shares, compared to its average volume of 6,200,945. The company has a 50 day moving average of $1.27 and a 200-day moving average of $1.39. The firm has a market cap of $500.75 million, a price-to-earnings ratio of -1.52 and a beta of 1.68. The company has a quick ratio of 8.19, a current ratio of 9.01 and a debt-to-equity ratio of 0.03. Ballard Power Systems has a 52 week low of $1.00 and a 52 week high of $2.94.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.05. Ballard Power Systems had a negative return on equity of 19.96% and a negative net margin of 357.78%. The firm had revenue of $14.76 million for the quarter, compared to analyst estimates of $16.82 million. On average, sell-side analysts expect that Ballard Power Systems will post -0.54 EPS for the current fiscal year.

Institutional Trading of Ballard Power Systems

Several large investors have recently made changes to their positions in BLDP. Van ECK Associates Corp raised its holdings in shares of Ballard Power Systems by 35.4% in the fourth quarter. Van ECK Associates Corp now owns 2,466,084 shares of the technology company's stock valued at $4,094,000 after buying an additional 644,861 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in Ballard Power Systems in the 4th quarter valued at about $310,000. Raymond James Financial Inc. bought a new position in shares of Ballard Power Systems in the fourth quarter worth about $27,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Ballard Power Systems by 16.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 980,067 shares of the technology company's stock worth $1,629,000 after purchasing an additional 134,991 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Ballard Power Systems by 71.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,020,801 shares of the technology company's stock worth $1,695,000 after purchasing an additional 425,374 shares in the last quarter. 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.