Traders Purchase High Volume of Ballard Power Systems Call Options (NASDAQ:BLDP)

Ballard Power Systems, Inc. (NASDAQ:BLDP - Get Free Report) TSE: BLD saw unusually large options trading on Wednesday. Stock traders acquired 9,656 call options on the stock. This represents an increase of 4,498% compared to the average volume of 210 call options.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. BMO Capital Markets reduced their price target on Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating on the stock in a report on Friday, March 14th. Raymond James Financial cut their price target on Ballard Power Systems from $2.50 to $2.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. Wall Street Zen raised Ballard Power Systems to a "sell" rating in a research report on Thursday, May 8th. HSBC lowered their target price 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. Finally, Citigroup reaffirmed a "sell" rating and set a $1.00 target price (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 issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Ballard Power Systems currently has a consensus rating of "Hold" and a consensus target price of $2.09.

Ballard Power Systems Stock Performance

NASDAQ:BLDP traded up $0.25 during trading on Wednesday, reaching $1.95. The company's stock had a trading volume of 12,290,272 shares, compared to its average volume of 6,801,283. The firm has a market cap of $584.71 million, a price-to-earnings ratio of -1.91 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.13 and a current ratio of 9.00. The firm has a 50 day moving average of $1.46 and a 200-day moving average of $1.40. Ballard Power Systems has a 12 month low of $1.00 and a 12 month high of $2.71.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share 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 return on equity of 20.41% and a negative net margin of 430.17%. Research analysts expect that Ballard Power Systems will post -0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Two Sigma Investments LP grew its stake in shares of Ballard Power Systems by 58.4% during the 4th quarter. Two Sigma Investments LP now owns 1,793,296 shares of the technology company's stock worth $2,977,000 after acquiring an additional 661,413 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Ballard Power Systems by 39.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 385,643 shares of the technology company's stock worth $440,000 after purchasing an additional 108,364 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in 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 worth $1,695,000 after purchasing an additional 425,374 shares during the period. Millennium Management LLC boosted its stake in Ballard Power Systems by 79.9% in the 4th quarter. Millennium Management LLC now owns 2,652,624 shares of the technology company's stock worth $4,404,000 after purchasing an additional 1,177,718 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Ballard Power Systems in the 4th quarter worth about $150,000. 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.