Ballard Power Systems (NASDAQ:BLDP) Stock Rating Upgraded by National Bank Financial

National Bank Financial upgraded shares of Ballard Power Systems (NASDAQ:BLDP - Free Report) TSE: BLD to a hold rating in a report released on Sunday morning,Zacks.com reports. National Bank Financial also issued estimates for Ballard Power Systems' Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.31) EPS and FY2026 earnings at ($0.31) EPS.

BLDP has been the topic of a number of other reports. BMO Capital Markets decreased their price target on Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating on the stock in a research report on Friday, March 14th. HSBC decreased their price target on Ballard Power Systems from $1.90 to $1.40 and set a "hold" rating on the stock in a research report on Friday, March 14th. Susquehanna decreased their price target on Ballard Power Systems from $1.40 to $1.30 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company set a $1.00 price target on Ballard Power Systems in a research report on Thursday, March 13th. Finally, Citigroup restated a "sell" rating and set a $1.00 price target (down from $1.50) on shares of Ballard Power Systems in a research report on Thursday, April 17th. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $2.09.

Ballard Power Systems Price Performance

Shares of BLDP stock traded down $0.03 during trading hours on Friday, hitting $1.64. The company had a trading volume of 9,630,281 shares, compared to its average volume of 6,350,583. Ballard Power Systems has a 12 month low of $1.00 and a 12 month high of $2.82. The firm has a market capitalization of $491.75 million, a price-to-earnings ratio of -1.49 and a beta of 1.68. The firm's fifty day moving average is $1.30 and its 200 day moving average is $1.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.19 and a current ratio of 9.01.

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) earnings per share 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 company had revenue of $14.76 million for the quarter, compared to analyst estimates of $16.82 million. On average, sell-side analysts predict that Ballard Power Systems will post -0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

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